GRAPHITE MINES AND MINING

Syrah wins US support in tax deal

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Original article by Brad Thompson
The Australian – Page: 16 : 14-Jan-25

Australian-listed Syrah Resources has advised that it will receive an additional $US165m in tax credits via the Biden adminstration’s Inflation Reduction Act. The tax credit could be used to help finance an expansion of the graphite producer’s active anode material plant at Vidalia in Louisiana. Syrah declared "force majeure" on graphite production in Mozambique in December due to civil unrest near its Balama mine; the company also revealed that it was in default on loans from two US government agencies.

CORPORATES
SYRAH RESOURCES LIMITED – ASX SYR

Syrah wins US support in tax deal

roymorgansocial Leave a comment

Original article by Brad Thompson
The Australian – Page: 16 : 14-Jan-25

Australian-listed Syrah Resources has advised that it will receive an additional $US165m in tax credits via the Biden adminstration’s Inflation Reduction Act. The tax credit could be used to help finance an expansion of the graphite producer’s active anode material plant at Vidalia in Louisiana. Syrah declared "force majeure" on graphite production in Mozambique in December due to civil unrest near its Balama mine; the company also revealed that it was in default on loans from two US government agencies.

CORPORATES
SYRAH RESOURCES LIMITED – ASX SYR

Syrah’s battery hopes hit US hurdle

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Original article by Peter Ker
The Australian Financial Review – Page: 15 : 11-Jan-18

Australian-listed Syrah Resources is confident that it will be able to secure a new site for its proposed graphite beneficiation plant in the US. The South Tangipahoa Parish Port Commission has terminated Syrah’s lease over the site in New Orleans where it had proposed to build the plant, after local residents expressed concern about the plant’s potential impact on air and water quality. Syrah will consider other sites in the state of Louisiana, and it remains hopeful of achieving its previously-stated target for commencing production.

CORPORATES
SYRAH RESOURCES LIMITED – ASX SYR, SOUTH TANGIPAHOA PARISH PORT COMMISSION, INCITEC PIVOT LIMITED – ASX IPL, BHP BILLITON LIMITED – ASX BHP, HILL END GOLD LIMITED – ASX HEG