Prospect Lithium Zim Charms Govt

Dr Apollonia Munzverengwi (centre) speaks to PLZ general manager Mr Henry Zhu (first left) during a tour of the mine on Tuesday. Looking on is the company’s assistant general manager and spokesperson Mrs Rugare Dhobbie (right)

Business Reporter

THE Government is excited by the socio-economic transformation that Prospect Lithium Zimbabwe has brought in Goromonzi District, Mashonaland East Province since the development of the company’s project a few years ago, an official has said.

Prospect Lithium Zimbabwe (PLZ) is a subsidiary of China’s Zhejiang Huayou Cobalt Limited, one of the world’s largest energy lithium-ion battery materials and new cobalt materials producer.

Huayou bought the controlling interest in Zimbabwe’s Arcadia Lithium Mine in Goromonzi from Australia-headquartered mining group Prospect Resources for US$377,8 million in 2021.

Briefing the media during a tour of Prospect Lithium Zimbabwe’s mining site in Goromonzi on Tuesday, Mashonaland East Minister for Provincial Affairs and Devolution Dr Apollonia Munzverengwi said the fact that it took PLZ less than two years to do exploration, develop the mine and establish the plant before tapping into the export market, is testimony that the company is a serious investor riding on the “Zimbabwe is open for business” mantra.

“We are now walking tall as a province; we are standing tall amongst other provinces and I am impressed and excited that we are the province hosting the biggest deposit (lithium) in the country as of now. ReadMore