Zimbabwe is seeking to attract investors after lithium prices steadied following a boom-to-bust period that left an array of stalled projects, scrapped deals and production cuts. State miner Kuvimba Resources Ltd. has said it’s identified a lithium ore resource of 38 million tons at Sandawana in the country’s south. “We can now begin to develop what we believe to be a world-class, high-grade lithium resource,” Cluff said. Industry veteran Algy Cluff has previously invested in Zimbabwe’s gold sector, but is best known for his North Sea oil and gas company Cluff Natural Resources Plc — now Deltic Energy Plc. Zimbabwe’s wealth fund also holds gold, nickel and platinum mines.

Source: The North Africa Journal June 17, 2024 15:12 UTC