Lithium Investor Sets Sights on Zim . . . Seeks to Establish Inaugural Refinery, Battery Plant
President Mnangagwa receives a gift from Indian investors, Vardhaa Lithium Company chairman Mr Sunil Joshi (centre) and managing director Mr Vedansh Joshi at State House in Harare yesterday. — Picture: Justin Mutenda.
Wallace Ruzvidzo-Herald Reporter
VARDHAAN Lithium, which is set to establish India’s inaugural lithium refinery and battery manufacturing unit, has expressed interest in harnessing Zimbabwe’s rich mineral resources, with plans for beneficiation and value addition. A high-powered delegation, including the India-headquartered company’s chairman, Mr Sunil Joshi and managing director Mr Vedansh Joshi, yesterday paid a courtesy call on President Mnangagwa at State House in Harare, where they informed him of their appetite to invest in the country’s mining sector. Already, Vardhaan and a Zimbabwean company, Microlight Mineral Resources, have joined a Special Purpose Vehicle (SPV) known as Avani Microlight, which will see the two companies exploring the country’s mineral resources in Bikita, Masvingo Province. Once fully operational, a lithium battery assembly plant and an electric vehicle manufacturing plant will be established in Bikita. ReadMore