March 16, 2023: African-focused UK firm Marula Mining mentioned on March 7 it’ll enter the Zimbabwean market with a give attention to battery metals together with lithium and copper.
Marula has established an arm in Zimbabwe, Muchai Mining, by which it’ll 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 group has been within the nation because the begin of the 12 months.
“Zimbabwe is house to among the most necessary onerous rock lithium deposits on the planet, with vital curiosity from Chinese language-owned mining firms energetic within the sector.
“Moreover, Zimbabwe is house to over 70 recognized copper deposits, and copper mining is experiencing a revival within the nation, together with rising copper costs.”