Blow to Moti Group's plans for Zimbabwe lithium plant as Chinese partner cuts stake
Moti, which runs a platinum extraction business in South Africa, will now need to find another partner or raise the money itself to build a processing facility.
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Moti, which runs a platinum extraction business in South Africa, will now need to find another partner or raise the money itself to build a processing facility.
THE Moti Group has said a Chinese company with which it planned to develop a $1 billion lithium processing plant in Zimbabwe is halving its stake in the venture, dealing the project a potential blow. Moti Group’s Pulserate Investments holds a 10 000 hectare lithium exploration concession in the northeast of the country, Africa’s biggest producer of the…
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