Huayou starts trial production at Zimbabwe lithium mine, invests in Namibian project
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.
Comments
Research Reports
Projects
Latest News
Showroom
Leading condition monitoring specialists, WearCheck, help boost machinery lifespan and reduce catastrophic component failure through the scientific...
VISIT SHOWROOM
Booyco Electronics, South African pioneer of Proximity Detection Systems, offers safety solutions for underground and surface mining, quarrying,...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
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?
Receive 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)
➕
Recieve 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
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
