Industrial minerals company Syrah Resources declared a force majeure event concerning its Balama Graphite site in Mozambique following nationwide protests due to a disputed general election.
The unrest is impeding Syrah’s ability to conduct operations at the Balama site, it said.
“With conditions continuing to deteriorate across Mozambique and further national government opposition protest actions recently announced, Syrah is unable to undertake a production campaign at Balama in the December 2024 quarter,” it said.
Syrah noted that a resolution will take time due to disruptions across Mozambique with the new government not expected to be formed until January.
