Syrah Resources (AU:SYR) has released an update.
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Syrah Resources has declared a force majeure at its Balama Graphite Operation in Mozambique due to ongoing protests and disruptions following contested election results. The protests, originally linked to local resettlement grievances, have affected operations and led to events of default in the company’s loans with U.S. financial entities. Syrah is working to resolve the situation and restore production, but challenges persist amid national unrest.
For further insights into AU:SYR stock, check out TipRanks’ Stock Analysis page.
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