Fresh raising takes Syrah's drain past $600m

Syrah boss Shaun Verner says equity remains the best funding option available to the graphite miner.

Heavily shorted miner Syrah Resources will test investor faith in the opaque graphite market for the fourth time in three years with a $94 million raising that values the company's stock at a five-year low and provides vindication for short sellers.

Delays in loading coal ships is costing companies millions of dollars.

Coal ships queue off Qld coast

More than 50 coal ships are waiting off the Queensland coast this week as the multi-billion dollar dispute between listed rail company Aurizon and Australia's biggest coal producers looks set to spill over into next year.