March 16, 2023: African-focused UK firm Marula Mining mentioned on March 7 it’s going to enter the Zimbabwean market with a concentrate on battery metals together with lithium and copper.
Marula has established an arm in Zimbabwe, Muchai Mining, by which it’s going to maintain an 80% stake whereas native firm Gondo Mineral Assets will maintain the remaining shares.
The transfer follows in depth due diligence on the numerous alternatives in Zimbabwe’s fast-growing battery steel sector, Marula mentioned.
CEO Jason Brewer (pictured) mentioned a Marula staff has been within the nation for the reason that begin of the yr.
“Zimbabwe is house to a few of the most essential exhausting rock lithium deposits on this planet, with important curiosity from Chinese language-owned mining corporations energetic within the sector.
“Moreover, Zimbabwe is house to over 70 identified copper deposits, and copper mining is experiencing a revival within the nation, together with rising copper costs.”