https://www.miningweekly.com

Bravura expects to begin Zimbabwe lithium production in 2025

5th June 2024

By: Bloomberg

  

Font size: - +

Bravura Holdings – a firm owned by Nigerian tycoon Benedict Peters – plans to start production at a Zimbabwean lithium project early next year, a company official said.

The miner remains committed to commissioning the Kamativi lithium tailings project in 2025 despite the weak price of the battery metal, Bravura’s group general manager, Gbenga Ojo, told reporters on Tuesday.

Lithium has emerged as a linchpin of the energy transition, but prices have crashed about 80% from the peak of a boom in 2022 amid oversupply.

The current market will not impact Bravura’s plans.

“We are so confident about it,” Ojo said in Zimbabwe’s capital, Harare. “Even if it remains like this, we will go ahead with our project.”

Ojo said the plant Bravura is developing will be able to produce an annual 30,000 tons of spodumene concentrate – a lithium-bearing mineral – by reprocessing waste material left behind by a tin mine which closed down three decades ago. The Zimbabwean government is a minority partner in the project, holding a 40% stake.

Bravura’s owner Peters is better known in the oil and gas sector through his Aiteo Group which operates a large oil block in his native Nigeria.

Edited by Bloomberg

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Condra Cranes
Condra Cranes

ISO-certified Condra manufactures overhead cranes, portal cranes, cantilever cranes and crane components: hoists, drives, end-carriages, brakes and...

VISIT SHOWROOM 
VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.054 0.965s - 128pq - 2rq
Subscribe Now