Zimbabwe government approves a plan proposed by Chinese investors. This plan is preparing to establish a battery metal park with a cost of $ 2.83 billion (S $ 3.98 billion) in Zimbabwe.Metal.This plan is also the latest plan for Zimbabwe to revitalize the economy.
According to a Bloomberg report, a document shows that Hong Kong Eagle International Investment Holding and Pacific GOAL Investment intend to develop a comprehensive industrial park, including the development of a comprehensive industrial park, includingLithium salt and nickel sulfate factories, as well as a nickel chromium alloy smelting plant.However, the company's documents have no details of project financing.
The above news was also confirmed by the Minister of Mining in Zimbabwe, Pfungwa Kunaka.Polite Kambamura, deputy minister of mining, said the two sides signed an agreement on the plan on Friday.
Konica said on the phone: "This plan is an important milestone for us."
The above documents show that the battery metal park of 30 to 50 square kilometers is expected to be completed by the end of 2025.It will be located in the Ma Ping plus area of about 48 kilometers northwest of Zimbabwe.
The metal park plans to set up two 300 MW power plants, which cost $ 250 million each to provide electricity for each refinery.The first power plant is expected to be completed in 2024, and the second one year later.Other proposed infrastructure includes a $ 1 billion nickel sulfate factory, a $ 500 million nickel -chromium alloy smelting plant, and a $ 450 million lithium salt factory.
Yigao International said: "The goal of the Industrial Park of the New Energy Special Economic Zone is to develop an industrial value chain represented by new energy metals such as lithium and nickel to increase the added value of mineral products, forming rooting Africa, rooting in Africa, and taking root in Africa, and rooting in Africa.New energy production bases that embrace the world ".
Lithium ore has accelerated and prices have soared due to electric vehicles. This situation has made investors interested in Zimbabwe.Shenzhen Shengxin Lithium Group Co., Ltd. and China Mining Resources Group Co., Ltd. are establishing a joint venture to explorate lithium ore.Asian lithium ore.
Zimbabwe also announced several other major projects in the past, but none of them were realized.Zimbabwe President Emmerson Mnangagwa has announced more than $ 27 billion in investment plans since November 2017, but Zimbabwe has almost no results.The platinum mine projects supported by Russia and Cyprus investors have made a small progress, as well as the plan of a state -owned meat processing enterprise in Zimbabwe.
