Search results: Prospect Resources

ZIMBABWE is set to reap about US$30 million as capital gains tax from the sale of Arcadia lithium project by Prospect Resources to a Chinese resources outfit, Zhejiang Huayou Cobalt Co (Huayou).On December 23, 2021, Prospect...

Chinese giant Sinomine’s Hong Kong unit inked an agreement to buy a 100 per cent stake in Mauritius’ African Metals Management Services and Southern African Metals and Minerals on Jan. 29, the Beijing-based parent company said...

LAW firms from around the world are advising as Chinese company Zhejiang Huayou Cobalt acquires Arcadia Lithium Mine in Zimbabwe, majority-owned by Australian-based Prospect Resources, in a deal worth $422 million. Prospect says the transaction highlights the...

The sale of the Arcadia Lithium Mine to Chinese new energy lithium-ion battery material producer, Zhejiang Huayou Cobalt will see offtaker Sinomine Resource (Hong Kong) International Trading Co. Limited getting US$8 million after Offtake Agreement termination. Rudairo...

The sale of Arcadia Lithium mine to Chinese new energy lithium-ion battery material producer, Zhejiang Huayou Cobalt Co., Limited (Huayou) is near completion as Hoayou has been given the nod by the Chinese government to complete...

The government of Zimbabwe has pledged to support the Arcadia lithium project which is poised to become one of the country's biggest lithium producers.Rudairo MapurangaThe project is in line with the National Development Strategy-1 and the...

The purchase of Arcadia Lithium mine by Chinese giant Zhejiang Huayou Cobalt invoked fiery debate on Mining Zimbabwe’s Facebook page generating over 100+ comments in the first hour of publishing.Many were sceptical of the country’s natural...

China's Zhejiang Huayou Cobalt said on Wednesday it would pay a total US$422 million to acquire the Arcadia hard-rock lithium mine in Zimbabwe.The move marks Huayou's second foray into lithium, a key ingredient in rechargeable batteries,...

The "Mining in Southern Africa 2021" report has been added to ResearchAndMarkets.com's offering.Southern Africa has produced a large number of minerals, including over 25% of the world's diamonds, over 13% of its graphite and 10% of its uranium. The region contains deposits of...

Australian Stock Exchange-listed mining and exploration junior Prospect Resources has received firm commitments for A$18 million in new equity proceeds via an institutional placement of 45 million new ordinary shares, funds raised from the Placement are...

The Ministry of Mines and Mining Development has said it requires $8 million to enhance efforts towards the resuscitation of closed mines through engagement with investors and relevant stakeholders.Mines Minister Winston Chitando, speaking at the 2022...

Australia Stock Exchange-listed resources firm Prospect Resources has completed a staged optimised feasibility study for its  Acadia Lithium project near Harare, it has been learnt.This study was undertaken by leading engineering consulting business, Lycopodium, with assistance from...