Graphite producer Syrah Resources Limited
(ASX:SYR) has announced it has awarded a distribution and logistics contract to Grindrod Mauritius.
The five-year deal involves Grindrod supplying long and short haul logistics, customs clearing and dock facilities for Syrah Resources’ Balama Project in northern Mozambique.
Syrah also has the option to extend the contract for two further five-year periods.
Syrah says the operating costs for the logistics and distribution services are tipped to be less than US$125.70 per product tonne.
Shares in Syrah Resources Limited
(ASX:SYR) opened flat at $2.51
