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(Columbus Mavhunga/VOA) There was a festive mood with music, food and decorations at Zimbabwe’s State House last Friday as Chinese investors signed a deal to build a $2.8 billion battery metals industrial park. Zimbabwean authorities say the lithium, platinum and nickel production will be used to make solar batteries.
The Zimbabwean government has signed an agreement with two Chinese investors – Hong Kong Eagle International Investment Holding and Pacific Goal Investment – to construct a US$2.8bn battery metals processing facility, which is expected to be completed by the end of 2025.
It is set to place Zimbabwe among the world’s producers of lithium ion batteries.” Zimbabwe’s government plans to provide the land and minerals for the park, while the two Chinese companies investing will bring in machinery and needed funds. Mnangagwa is aiming for a $12 billion mining industry in Zimbabwe by next year.
“The proposed mines to energy park will mark the inception of [a] lithium-ion battery value chain in Zimbabwe. It is set to place Zimbabwe amongst the world producers of lithium-ion batteries,” said President Emmerson Mnangagwa, according to the state-run The Herald newspaper.
President Emmerson Mnangagwa, speaking in Harare at the signing ceremony for a Chinese investment deal on Sept. 16, 2022, said the project, about an hour’s drive northwest of Harare, will help turn around the decline of Zimbabwe’s economy. (Columbus Mavh
Zimbabwean authorities say the lithium, platinum and nickel production will be used to make solar batteries. President Emmerson Mnangagwa said the project, about an hour’s drive northwest of Harare, would help turn around the decline of Zimbabwe’s economy.
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