Pindula
Register Login

President Mnangagwa Commissions US$300m Lithium Project By SinoMine

President Mnangagwa Commissions US$300m Lithium Project By SinoMine

President Emmerson Mnangagwa has commissioned a US$300m spodumene lithium project by SinoMine a Chinese company with anticipation of changing the fortunes of Bikita Minerals which has one of the largest deposits of the mineral in the world.

The Midweek Watch’s Bridget Mutukwa reports that the commissioning was done on Friday last week at a ceremony held at Bikita Minerals’ Lithium Stadium and was attended by thousands of people including Vice President Constantino Chiwenga.

SinoMine, a Chinese mining company bought Bikita Minerals from shareholders including Dzikamai Mavhaire and they are pouring over US$200 million into building a new processing plant while expanding operations.

Bikita Minerals is Zimbabwe’s oldest miner of lithium-bearing minerals having operated in Masvingo Province for over 70 years, but has only been producing petalite, which is used mainly in the glass and ceramics industry.

SinoMine now plans to build a plant to process spodumene lithium, a concentrate used by battery and solar manufacturers as the country moves towards the use of clean energy and securing a strategic position in the global lithium market. The manufacture of electric vehicles has increased demand for lithium which is essential for the production of lithium-ion (Li-ion) batteries.

SinoMine is set to have a 110km 132kVA power line from Mashava substation to Bikita to feed its operations at the mine as part of its long-term investment.

SinoMine said they are working in line with the Government’s call for the value addition of all minerals mined in the country so that the nation benefits more from its natural resources. SinoMine said:

After the completion of the expansion and construction, we will our annual turnover will be US$500m, which also means that the Government will get more tax from the company.

Apart from the huge investments the company promised to engage in social responsibility projects for the Bikita community so that they also benefit from the natural resources.

President Mnangagwa pledged to visit the mine in the next two years to monitor production progress as well as to check on promised community projects.

More: Pindula News is best enjoyed via the App. Download it here

Share Article

Sponsored

8 Comments

kkkk 5 months ago

kkkk after two years E.D. will only visit Bikita minerals as a vendor or tourist, coz mukomana ari kupinda gore rinouya


Blue 💙 5 months ago

Keep on dreaming about it 🙂

Tkt 5 months ago

@kkkk.... That will happen in your dreams nigger, the Boss will retain his post resoundingly that rest ASSURED for now


ndangariroo 5 months ago

pledged to visit the mine in the next 2 years kkkkkkk 😁😁😁😄😄😄😄


Chawabvunza 5 months ago

The opposition is left with mud on its face this is just the beginning we are moving forward to vision 2030. More jobs jobs jobs people of Bikita will gain from this.

#UNGADE URUMENDE YAKASVONAKA KUPFURA APA UNGAIWANEPI
#INVESTMENTS=JOBS
[PAMBERI NE ZANU PF]


sugar boy 5 months ago

kkkkkkkkkk where is KERO RESOURCES,GDI which was officially opened.only fools will clap hands for such nonsense


Asalif 5 months ago

Hapana kana danda remagetsi acho apa arikuenda everyday kkkkkkk Production neloadshedding musatipatisa imi


Sponsored

Anti Zanu 5 months ago

After 2years?unenge uchiri President waani?matadza baba maichiva Mugabe ari President muchit zvirinyore..



Leave a comment


Recent News


News Categories



Feedback