• Latest
  • Trending
  • All
  • News
  • Economy
  • World
  • Lifestyle
‘Lithium ore framework won’t affect operations’

‘Lithium ore framework won’t affect operations’

3 years ago
China in Africa: Who is fooling who?

China in Africa: Who is fooling who?

1 year ago
Sino-Zim: Turning the ironclad pact into dollars

Sino-Zim: Turning the ironclad pact into dollars

1 year ago
If our friends in China did it…

If our friends in China did it…

1 year ago
Handbook to guide Gukurahundi Outreach

Handbook to guide Gukurahundi Outreach

2 years ago
Harare building collapses, woman dies

Harare building collapses, woman dies

2 years ago
Africa backs Zimbabwe’s Security Council bid

Africa backs Zimbabwe’s Security Council bid

2 years ago
ED says no to third term

ED says no to third term

2 years ago
Banks start changing accounts to ZiG

Banks start changing accounts to ZiG

2 years ago
SADC will prioritise food security, says Incoming Chairperson

SADC will prioritise food security, says Incoming Chairperson

2 years ago
Caps fans invade pitch, match abandoned

Caps fans invade pitch, match abandoned

2 years ago
Measures to promote use of ZiG

Measures to promote use of ZiG

2 years ago
ZiG starts circulating on April 30

ZiG starts circulating on April 30

2 years ago
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Monday, December 1, 2025
  • Login
Zim Sentry
  • Local News
  • Africa
  • International
  • Thought Leader
  • Economy
  • Lifestyle
  • SportsTrending
No Result
View All Result
Zim Sentry
No Result
View All Result
Home Economy

‘Lithium ore framework won’t affect operations’

January 13, 2023
in Economy
0
‘Lithium ore framework won’t affect operations’
494
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

PREMIER Africa Minerals general manager, Mr Jabulani Chirasha, has assured investors in the lithium mining business that recent regulatory changes in lithium ore will not impact production.

The firm is aiming at starting production in the first quarter of the year.

Speaking to our Bulawayo Bureau yesterday at the plant site, Mr Chirasha said: “We haven’t started mining, we are busy building up the plant. What it says is that we know the value of beneficiation.

“People are selling ore for US$200 per tonne. A tonne of spodumene is in the range of US$6 000 to US$8 000. We are still on target to get out ore in the first quarter of this year.”

Government recently enacted additional regulations aimed at curbing the rampant export of various high-value minerals in raw form, buttressing calls for enhanced domestic value addition in the mining sector.

A new Statutory Instrument on base minerals export control (Unbeneficiated Base Mineral Ore) order 2023, was gazetted last week and outlines the new measures that came into force with immediate effect.

The latest regulation also repealed the Base Minerals Export Control (Unbeneficiated Lithium Bearing Ores) Order, 2022, published in Statutory Instrument 213 of 2022.

However, the repeal does not affect the validity of anything done by the minister under the previous order.

“To avoid doubt, section 5 of the principal Act provides that ‘An order shall have effect notwithstanding anything inconsistent therewith in any other enactment or any trade or customs agreement to which the State is a party’, and Section 6 of the Principal Act provides that any person who contravenes or fails to comply with any order or with the terms and conditions of any permit issued to him or her under an order shall be guilty of an offence, and liable to a fine not exceeding level 9 or twice the value of the base minerals in respect of which the offence is committed,” it reads.

President Mnangagwa has always challenged the mining sector to enhance value addition to help end the country’s unsustainable reliance on primarily exporting raw minerals.

Zimbabwe is envisioning a US$12 billion mining industry by 2023, which is a key enabler of Vision 2030 of achieving an upper-middle-in-come economy by 2030.

Of the US$12 billion, gold, platinum, and diamonds will contribute US$4 billion, US$3 billion, and US$1 billion respectively.

Other minerals such as chrome, iron ore, and carbon steel will contribute US$1 billion while coal and hydrocarbons will do the same.

Lithium is expected to contribute US$500 000 while other minerals will add US$1,5 billion.

Giving an update on construction progress, Mr Chirasha said it was progressing well.

“On dam construction, water is already overflowing and the level where we are, we are getting 80 cubic litres per hour and we need probably 120 cubic litres for the plant.

“There is enough water for the project. Everything seems to be gelling now and I don’t now see us not making it in the first quarter to produce.

“We have already marked where we are mining the pit. From tomorrow (today) there will be dump trucks mining and in three weeks we will be blasting the ore. We are on target.”

The dam wall presently stands at 22 metres out of the planned 32 meters high.

Mr Chirasha said several trucks with high equipment are being cleared at the Beitbridge border post.

Our Bulawayo Bureau learnt that construction works are immensely benefiting other industries.

For instance, the plant uses 1 200 bags of cement and 44 000 litres of fuel per week. – The Herald 

Tags: lithiumPREMIER Africa Minerals
Share198Tweet124Share49
tendaik1

tendaik1

  • Trending
  • Comments
  • Latest
Richarlison World Cup goal voted best of the tournament

Richarlison World Cup goal voted best of the tournament

December 24, 2022
By-election victories have primed us for 2023 polls, says ZANU PF

By-election victories have primed us for 2023 polls, says ZANU PF

October 24, 2022
A new ocean is being formed in Africa

A new ocean is being formed in Africa

February 11, 2023
China in Africa: Who is fooling who?

China in Africa: Who is fooling who?

0
Zim/Iran seek improved economic relations

Zim/Iran seek improved economic relations

0
President Masisi to open Harare Agric show

President Masisi to open Harare Agric show

0
China in Africa: Who is fooling who?

China in Africa: Who is fooling who?

October 5, 2024
Sino-Zim: Turning the ironclad pact into dollars

Sino-Zim: Turning the ironclad pact into dollars

October 5, 2024
If our friends in China did it…

If our friends in China did it…

October 5, 2024
Zim Sentry

Copyright © 2022 ZimSentry. All Rights Reserved

Your Trusted Watchman

  • About
  • Advertise
  • Privacy & Policy
  • Contact

Follow Us

No Result
View All Result
  • Local News
  • Africa
  • International
  • Thought Leader
  • Economy
  • Lifestyle
  • Sports

Copyright © 2022 ZimSentry. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

You cannot copy content of this page