Zimbabwe: Bikita Minerals Turns to Processing in U.S.$1bn Expansion Push
Bikita Minerals assistant general manager Thomas Mufumi said the company had already invested more than US$380 million in completed beneficiation projects with further capital expenditure expected to take total investment beyond the US$1 billion mark.
A review of the tax obligations and deductions affecting the industry would help producers sustain operations and continue investing," he said The appeal highlights the challenge facing Zimbabwe as it seeks to attract long-term investment in mineral processing while ensuring that mining companies remain financially sustainable during periods of weaker commodity prices.
Bikita Minerals is stepping up efforts to turn the country's lithium resources into higher-value products with planned investments expected to exceed US$1 billion by 2027 as the country seeks to build a domestic mineral processing industry.
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