ZIMBABWE's sole graphite producer Lynx Mine has sought bankruptcy protection, five years after the Zimbabwe Mining Development Corporation (ZMDC)-controlled operation hit turbulence as international graphite prices plummeted.
Some notable lithium projects over the past two years in Zimbabwe include: the US$422m deal where Zhejiang Huayou (world's biggest producer of cobalt) acquired controlling rights to Zimbabwe's...
The production of lithium minerals in Zimbabwe increased drastically between 2005 and 2010, from just 1 100 metric tonnes to around 50 000 metric tons in 2020. This production volume remained from around 2014 to 2020 and is expected to increase significantly in 2023 to more than 80 000 metric tonnes.". Bikita Minerals has been an …
Lynx Mine's reserves were expected to last for two decades when it was still operating. As the crisis deepened, the Germans hived off their 50% shareholding in September 2017 to mark the end of their 50 years of graphite mining in Zimbabwe. "Fruitful cooperation is no longer possible," Graphite Kropfmühl's MD at the time was quoted ...
Zimbabwe-based investment company Afroreef is planning to develop a new lithium mine and a processing facility in the country, with an investment of $100m (Z$36.19bn). Afroreef's decision to open the lithium mine and facility was driven by the abundant lithium reserves in the country and the global demand spike for the metal.
3 of 11 | . Zimbabwean President Emmerson Mnangagwa, center left, arrives on the grounds of Prospect Lithium Zimbabwe's processing plant in Goromonzi about 80 kilometers southeast of the capital Harare, Wednesday, July 5 2023.
by TateguruTv | Mar 31, 2021 | Business, Local News | 0 comments. By Nevanji Munyaradzi Chiondegwa. Linx Mine, a graphite producing mine in Karoi that ceased operations in 2016 is set to reopen after Government approved a joint venture between Zimbabwe Mining Development Corporation and Fossil Mine.
Last November, Chengxin Lithium Group began a string of purchases when it paid US$77 million for a 51 percent stake in Max Mind Investments' Sabi Star Lithium mine in eastern Zimbabwe. According ...
Chengxin Lithium Group started the spate of acquisitions last November with the acquisition of a 51 percent interest in Max Mind Investments' Sabi based Star Lithium Mine in eastern Zimbabwe at a...
ZIMBABWE's sole graphite producer Lynx Mine has sought bankruptcy protection, five years after the Zimbabwe Mining Development Corporation (ZMDC)-controlled operation hit turbulence as international graphite prices plummeted.