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Zimbabwe wants lithium miners operating in the country to work towards producing battery-grade lithium locally and could impose a tax on exports of lithium concentrate in future, Mines Minister Winston Chitando said on Wednesday. The southern African country holds significant reserves of lithium, a battery mineral which is vital to the global drive towards cleaner energy technologies, which Zimbabwe hopes will help revive its ailing economy.

HARARE (Reuters) - Zimbabwe wants lithium miners operating in the country to work towards producing battery-grade lithium locally and could impose a tax on exports of lithium concentrate in future, Mines Minister Winston Chitando said on Wednesday. | 11:57am

The funds are being raised by way of placement.

Multi-commodity mining and natural resource development company Premier African Minerals has fully commissioned the processing plant at its Zulu lithium and tantalum project, in Zimbabwe, but first shipments have been delayed to next month. In an update on progress at the project, Premier CEO George Roach said on Thursday that the plant supplier had advised that the milling and sizing component of the plant required certain modifications to allow for full optimisation to design capacity throughput and had recommended staged approach to optimisation.

Sinomine Resource Group's Zimbabwean lithium mining unit has resumed operations after addressing issues relating to labour management and other regulatory concerns, the company said on Wednesday.