Caledonia to purchase Bilboes gold project in Zimbabwe
Caledonia plans to undertake its own feasibility study to determine the ‘most judicious way’ for the project’s commercialisation.

Caledonia plans to undertake its own feasibility study to determine the ‘most judicious way’ for the project’s commercialisation.
Zhejiang is claimed to have stated that lithium production in Zimbabwe is 'not feasible' due to power shortages.
The licences represent a low-cost entry for the firm into one of the world’s biggest lithium-producing countries.
The Chinese firm plans to build a new production line with capacity of two million tonnes of ore per annum.
The long-delayed $3bn project was expected to have annual production capacity of 860,000oz of platinum group metals.
The lithium processing plant at the mine will have production capacity of around 400,000 tonnes of lithium concentrate per year.
Prospect plans to use between $22.2 and $29.7m secured from the stake sale, for battery and electrification metals projects.
Huayou will pay $377.8m to Prospect and another $44.2m for stakes held by Kajese and Tamari Trust.
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