South African businessman Zunaid Moti has dismissed investigative reports that the 10,000-hectare lithium project in Zimbabwe could ‘be just rock’, insisting it has a potential value of up to $1.4 billion. The Organised Crime and Corruption Reporting Project and AmaBhungane
The Moti Group has said a Chinese company with which it planned to develop a $1 billion lithium processing plant in Zimbabwe is halving its stake in the venture, dealing the project a potential blow, News 24 has reported. Moti Group’s Pulserate
The Moti Group (MG), a mining company owned by the South African business magnate, Zunaid Moti, has begun addressing concerns raised by a section of small-scale chrome miners who accused the company of indirectly trying to wrestle their claims from
The first of its kind in southern Africa, African Chrome Fields (ACF) has announced that its new, ground-breaking aluminothermic smelting factory in Zimbabwe will open its doors within the next two months – the result of an approximate $40 million
A South African executive allegedly stole thousands of sensitive documents at Zimbabwe’s largest chrome miner, Moti Group, which officials fear could jeopardise ongoing negotiations on multimillion-dollar projects in the country, the Zimbabwe Independent heard this week. Moti Group has the
ONE of the country’s largest ferrochrome producers, African Chrome Fields (ACF), has shut down its mining operations in Kwekwe, laying off over 500 workers. The company is owned by South African businessman Zunaid Moti, with the Zimbabwe National Army believed
African Chrome Fields owner Zunaid Moti, says he is under increasing international pressure to pull out of Zimbabwe. He claims global negativity about Zimbabwe and the failing economy are affecting operations at African Chrome Fields in Kwekwe, where the Moti
For the past decade, the country’s mining sector has been facing a myriad of challenges ranging from fluctuating global mineral prices, subdued working capital and above all brain drain due to prevailing economic challenges. However, despite the prevailing economic challenges,
