
Premier African Minerals Secures £4.7M for Zimbabwe Lithium Project
The funding will enable Premier African Minerals to fully restart operations at the Zulu Mine project.
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The funding will enable Premier African Minerals to fully restart operations at the Zulu Mine project.
Pan-African finance institution the African Export-Import Bank (Afreximbank) has signed a joint project preparation facility with Zimbabwe’s Mutapa Investment Fund. The facility will see the parties collaborate on mobilizing up
The final approval and implementation of the Petroleum Production Sharing Agreement is expected in the coming weeks, advancing the development of the Zimbabwe’s Cabora Bassa Basin.
The Chamber of Mines of Zimbabwe took part in industry-led discussions at the Critical Minerals Africa forum, as both an event partner and exhibitor.
The partnership is poised to help alleviate pressure on Zimbabwe’s grid while improving efficiency in the mining sector.
Minister of Mines and Mining Development Polite Kambamura will showcase Zimbabwe’s critical mineral investment opportunities, underpinned by recent policy reforms and downstream infrastructure expansion.
The lithium concentrator will be owned and operated by British and Chinese investors for six years before being handed over to the government of Zimbabwe.
Invictus Energy will utilize the funds to test Mukuyu-2 flow and develop early monetization opportunities.
Zimbabwe, Africa’s largest lithium producer, has plans to bolster domestic refining capacity, leveraging newfound investments and heightened global demand.
Contango Holdings will receive $2 million from investment firm Huo Investments for a share subscription agreement for the Muchesu coal project in Zimbabwe.