HARARE : China's Zhejiang Huayou Cobalt plans to invest $300 million on rapid development of a lithium mine and processing plant at its newly acquired Arcadia project in Zimbabwe, according to company documents seen by Reuters on Tuesday.
"We intend to develop the project rapidly over the next year and invest around $300 million to develop the mine and construct a process plant with a capacity to treat around 4.5 million tonnes of ore and produce 400,000 tonnes of lithium concentrate per annum," Huayou subsidiary Prospect Lithium Zimbabwe said in an update on the project.
Source: News Formal (newsformal.com)
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