Zimbabwe is on track to become a major player in the global lithium market with the expansion of the Kamativi Mine, according to President Mnangagwa. The mine, previously known for tin production, has shifted its focus to lithium, a critical mineral for electric vehicle batteries and energy storage.
From Legacy Mine to Modern Lithium Hub
The Kamativi Mining Company (KMC) began operations in 2019 and has already created over 1,200 jobs. Phase One of the project included a processing plant capable of handling 300,000 tonnes of lithium ore annually, generating an estimated $50 million in revenue.
President Mnangagwa highlighted the significance of Phase Two, which is nearing completion. This expansion will significantly increase processing capacity to 2 million tonnes of ore per year, with an expected output of 300,000 tonnes of lithium concentrate. This is projected to generate over $300 million annually, solidifying Zimbabwe’s position as a major lithium producer.
Strategic Investment for Sustainable Growth
The $100 million investment in Phase One signifies the success of Zimbabwe’s engagement and re-engagement policy, attracting both domestic and foreign investment. President Mnangagwa emphasized the importance of value addition, encouraging further processing of lithium ore within the country. This strategy positions Zimbabwe to benefit from the growing demand for lithium-ion batteries and fosters the development of a domestic battery manufacturing industry.
Infrastructure Development Boosts Local Communities
The project extends beyond mining, with KMC constructing a critical infrastructure – a 70 km, 88 kV powerline from Hwange to Kamativi. This not only meets the mine’s energy needs but also benefits surrounding communities. Additionally, a 1.5 million cubic meter dam ensures water security for the project and local residents.
Focus on Shared Prosperity and Environmental Responsibility
President Mnangagwa stressed the importance of responsible mining practices. He urged KMC to prioritise the well-being of local communities, ensuring equitable distribution of the project’s financial gains. Environmental, social, and governance (ESG) considerations are paramount, with President Mnangagwa calling for adherence to national development priorities. The government remains committed to collaborating with KMC for shared prosperity and a sustainable future.
Broadening Investment Horizons
While lithium is the current focus, President Mnangagwa encouraged KMC to explore the potential of mining other valuable minerals in the region, such as tantalite, beryl, and copper. This diversification can further strengthen Zimbabwe’s position as a major mining player.
The expansion of the Kamativi Mine signifies a significant shift for Zimbabwe’s mining industry. By leveraging its lithium resources and prioritising responsible development, the country is poised to become a key player in the global energy transition.
Text by Natasha Munyukwa