Zhejiang Huayou to buy Zimbabwean lithium project for $422m
Huayou will pay $377.8m to Prospect and another $44.2m for stakes held by Kajese and Tamari Trust.
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Zimbabwe
Zimplats approves capital investment strategy to boost capacity
The company will invest around $969m to expand production levels and boost processing capacity.
Ten firms agree to buy 60% stake in Zimbabwe’s only gold refiner for $49m
Fidelity Gold Refinery is owned by the country’s central bank.
Premier African Minerals granted EPO for Zulu claims in Zimbabwe
The Zimbabwe Government has granted an Exclusive Prospecting Order (EPO) to Premier African Minerals over an area comprising the Zulu…
Prospect Resources secures lithium offtake from Sibelco
African lithium developer Prospect Resources has signed a seven-year offtake deal with industrial minerals group Sibelco for ultra-low iron petalite…
Covid-19 threatens to derail Zimbabwe’s $12bn mining plan
The Covid-19 pandemic could derail the Zimbabwe Government’s plan to expand the value of its mining industry to $12bn by…
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Mining in Zimbabwe: time to use it or lose it
Between colonial intervention and a weak regulatory framework, mining in Zimbabwe has struggled to live up to its potential. With…
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Caledonia purchases 15% stake in Zimbabwe’s Blanket gold mine
Canadian exploration and development firm Caledonia Mining has completed the purchase of Fremiro Investments’ 15% shareholding in the Blanket gold…