That’s great news for AVZ, Zijin spent $1B on acquiring an Argentina brine project. And now put a foot on Manono next AVZ. This will definitely help infrastructure side, imo.
China Zijin Mining Layout Congo (Gold) Lithium Project The first lithium ore exploration project was officially launchedReuters news agency
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BEIJING, Jan 24 (Reuters) - China’s leading mining company, Zijin Mining
601899.SS 2899.HK , said on Monday that Catamba Mining, a joint venture with Congo (DRC) State Mining Development Corporation (COMINIERE), held a shareholders’ meeting to officially launch Zijin Mining recently. The first lithium ore exploration project in the mining industry, and the layout of the Congo (Kinshasa) lithium ore project.
The press release published on the company’s WeChat official account stated that in August last year, the Congo (DRC) project department of Zijin Mining increased its cooperation with the Congo (DRC) National Mining Company, and agreed to cooperate in the development of PE12453 on the periphery of the company’s Manono lithium mine. Signed a cooperation plan with PE13427 mining rights, held 70% of Catamba Mining shares, and obtained two greenfield exploration and mining rights projects outside the Manono project.
"The two mineral rights PE12453 and PE13427 of Catamba Mining Company are located in important metallogenic belts and have good metallogenic conditions and prospecting prospects." Zijin Mining Congo (Kinshasa) project leader said in a press release .
Congo (Kinshasa) Manono Lithium Mine, controlled by Australian AVZ Mining Company, is currently one of the largest lithium-rich LCT (lithium, cesium, tantalum) pegmatite deposits in the world that can be open-pit developed; The project is an extension of the Manono lithium mine.