BIKITA Minerals is set to invest about US$500 million in a lithium sulphate plant at its mine in a major boost to Zimbabwe's industrialisation push.
This strategic move aligns with the global surge in demand for battery-grade lithium, a critical element in the worldwide transition to renewable energy.
Masvingo Provincial Affairs and Devolution permanent secretary Addmore Pazvakavambwa said the new plant marks a significant shift from the traditional export of raw lithium concentrates to value-added production, a mandate strongly encouraged by government.
“Bikita Minerals has traditionally focused on exporting raw lithium, but the government has made it clear that value-addition is essential for maximising the economic benefits of our mineral wealth. This shift is particularly important as Zimbabwe progresses towards its Vision 2030 goal of achieving upper-middle-income status,” Pazvakavambwa said .
He said the province’s goal of growing its GDP to US$8 billion by 2030 is closely tied to the successful implementation of projects like the new lithium sulphate plant.
“By investing in this plant, Bikita Minerals is not only supporting the second republic’s industrialisation drive, but it also positioning itself as a key player in the global lithium market. The plant represents a strategic move towards producing value-added products, which are crucial for higher economic returns,” Pazvakavambwa said.
The plant’s development is expected to be a game-changer for the region, with Bikita Minerals already playing a significant role in the government’s rural electrification programme.
This initiative has brought electricity to communities in Bikita, Gutu and Zaka.
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“The company’s commitment to Masvingo’s infrastructure is evident, particularly with the recent US$30 million power project that included the construction of a 132kV powerline from the Tokwe substation in Chivi to the mine. This project was crucial for meeting the mine’s growing energy needs following the addition of spodumene and petalite processing plants last year,” Pazvakavambwa said.
With the global shift towards eco-friendly energy sources, the demand for lithium batteries is projected to soar,experts say.
The lithium sulphate plant, expected to be operational by 2028 following a comprehensive feasibility study, will position Bikita Minerals at the forefront of this burgeoning market.
