Good news for Mozambique-focused graphite firms
While the Tanzanian government’s decision has brought uncertainty for companies in the country, it has been a boon for graphite-focused companies in neighboring Mozambique.
Syrah Resources (ASX:SYR), which is developing its Balama graphite project in Mozambique, had seen its share price rise 19.13 percent over the five days ended July 11. Triton Minerals (ASX:TON) experienced an almost equal gain in share price over the same period. Triton has an 80-percent stake in holding company Grafex Limitada, which is working on three graphite projects in Mozambique.
