Think this pretty much sums up the prize of what's going on in Zimbabwe at the moment and the prize if they can get gas and power generation going for the mining industry as one of the issue's holding them back is energy. Chinese energy company would easily eye IVZ for takeover or a large farm in if someone else doesn't.
Zimbabwe's government wants lithium miners operating in the country to go beyond producing lithium concentrates and process battery-grade lithium.Trevor Barnard, deputy general manager of Huayou's Zimbabwe unit, said the company was undertaking feasibility studies on further processing.“We are not at the battery stage yet, it will take a regional approach from quite a few mines coming together to do beneficiation (processing),” Barnard told Reuters.
Chinese firms including Huayou, Sinomine Resource Group (002738.SZ), Chengxin Lithium Group (002240.SZ), Yahua Group (002497.SZ) and Canmax Technologies (300390.SZ) have spent more than $1 billion over the past two years to acquire and develop lithium projects in Zimbabwe.London-listed Premier African Minerals (PREM.L) has said it will start producing lithium concentrates from its Zulu mine in southern Zimbabwe this year despite a delay caused by a plant defect.
IVZ Price at posting:
14.0¢ Sentiment: Hold Disclosure: Held
