Mozambique: US-China Battle for Cabo Delgado Graphite Continues – With High Profits But Few Jobs

With Chinese money, the Australian Triton Minerals will go ahead with its Ancuabe, Cabo Delgado, graphite mine, it announced on 1 December. In September Shandong Yulong Gold committed a further investment of $3.4 mn and visited and approved the project on 22 November. Shandong Yulong appears to be part held by state and provincial companies in Shandong and part by private Chinese investors.

Triton Ancuabe is adjacent to the producing German-owned AMG Graphit Kropfmuhl (GK) graphite mine, 80 km west…