Huayou starts trial production at Zimbabwe lithium mine, invests in Namibian project

22nd March 2023

By: Reuters


Font size: - +

Chinese battery minerals producer Zhejiang Huayou Cobalt said on Wednesday it had started trial production of lithium concentrates at its Arcadia mine in Zimbabwe.

Huayou, one of the biggest cobalt producers in the world, acquired Arcadia from Australia-listed Prospect Resources PSC.AX and its Zimbabwean partners in a $422-million deal completed in 2022. After the transaction, Huayou said it would spend $300-million to build a plant to process 4.5-million tonnes of lithium ore at Arcadia.

"All production lines of the Arcadia lithium mine project ... have completed equipment installation and commissioning, put materials into trial production and successfully produced the first batch of products," Huayou said in a statement.

The Arcadia mine is expected to produce 50 000 tonnes of lithium carbonate equivalent lithium concentrate, Huayou said.

The company said Arcadia, its biggest investment in Africa to date, was a key step towards its strategy to secure and build a chain of lithium assets.

On Wednesday, Huayou also announced a A$2.5-million ($1.67-million) investment in Australia-listed Askari Metals to advance the exploration of its Uis lithium project, in Namibia.

Huayou also has two copper and cobalt projects in the Democratic Republic of Congo, with an annual production of 100 000 tonnes of cathode copper and 10 000 tonnes of cobalt.

The company also has three nickel and cobalt projects in Indonesia, with an expected annual production of 225 000 tonnes of nickel and 23 000 tonnes of cobalt products by 2024.

Edited by Reuters


Latest Multimedia

Photo of Martin Creamer
On-The-Air (01/03/2024)
Updated 2 hours 2 minutes ago By: Martin Creamer


Aqs image
AQS Liquid Transfer

AxFlow AQS Liquid Transfer (Pty) Ltd is an Importer and Distributor of Pumps in Southern Africa

SBS Tanks
SBS Tanks

SBS® Tanks is a leading provider of innovative water security solutions with offices in Southern Africa, East and West Africa, the USA and an...


Latest Multimedia

sponsored by

Magazine video image
Magazine round up | 01 March 2024
1st March 2024
Implats CEO Nico Muller
Implats expecting phased reduction in group output
29th February 2024 By: Martin Creamer

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
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?







sq:0.147 0.182s - 108pq - 2rq
Subscribe Now