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Tough year for Mozambique graphite miner ends with big loss

A tough year for Syrah Resources has seen the graphite producer record a net loss after tax of US$130.5 million, though more than half the loss was non-cash.

Tough year for Mozambique graphite miner ends with big loss Tough year for Mozambique graphite miner ends with big loss Tough year for Mozambique graphite miner ends with big loss Tough year for Mozambique graphite miner ends with big loss Tough year for Mozambique graphite miner ends with big loss

Syrah Resources' Balama operation in Mozambique

An impairment of property, plant, equipment and mining assets accounted for $65.9 million of the loss, while $6.7 million of inventory was written down.

Cash at the end of December totalled $80.

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