The Balama graphite mine, in Cabo Delgado province, made its debut this year exporting this ore to an Indonesian battery manufacturer, which bought 10,000 tons, announced Australian mining company Syrah, quoted by the newspaper News.

According to information released to the markets by Syrah, which owns the mine, this was the "first sale of large volumes" of natural graphite from Balama to Indonesia, acquired by the company BTR New Energy Materials.

According to Syrah, this is the "first large-volume sale of natural graphite to a participant in the battery supply chain outside China".

"This bulk sale follows a trial shipment of containers of natural graphite fines from Balama to Indonesia" in the first quarter of 2024, explains the mining company, adding that this export "is another important development" in the sales diversification strategy.

The mining company also explains that the company BTR New Materials Group is building a 478 million dollar battery factory in Indonesia, "which should start production in 2024", and also forecasts new sales from this mine for the company.

Syrah also explained that sales of natural graphite from the Balama mine in the first quarter "were similar" to those in the last quarter of 2023.