Kuvimba has identified a lithium ore resource of 38 million tons at Sandawana, the site of a mothballed emerald mine formerly run by Rio Tinto.
Zimbabwe’s state-owned miner Kuvimba Resources said its lithium assets are attracting potential investors from both China and other countries. That’s sparked investor interest, acting Chief Executive Officer Trevor Barnard said in an interview from his office in the capital, Harare. “It’s not just China, but from other nationalities as well,” Barnard said.
The market for the battery metal is still grappling with inflated inventories, while prices are down about 80% from a peak in 2022. Mining veteran Barnard, who previously held roles at Anglo American Plc, met with Cluff Resources last month, but said discussions were also taking place with a number of other potential investors. Kuvimba, 65% owned by the state, is undertaking further exploration, with the CEO expecting to get close to a lithium resource of 100 million tons.
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