Categories: Zim Latest

Gvt approves Lithium Ore Policy

 

Cabinet has approved the Lithium Ore Policy based on the following principles: Any individual or entity which owns a lithium concession can mine lithium ores for either: processing at its own Approved Processing Plant (APP), or ii. for sale to those with approved processing plants locally.

Any individual and or entity wishing to process lithium ores will be required to construct an APP locally.

Ore movement permits for lithium ores will only be issued where such ores are destined for a local APP. Lithium ores can only be stored at the mining site where such ores where mined, or at a local APP.

Any entity will require a Lithium Ore Purchase Licence to buy ores from miners. A local APP will be a condition of getting the Lithium Ore Purchase Licence.

The government says all players in the Lithium sector whether miners or holders of APP shall submit a summary of monthly reconciliations of Ore movements to the Ministry of Mines and Mining Development.

For any material to qualify as a concentrate for approval for export, it shall meet the minimum set technical specifications and the minimum selling price as set by the Minerals Marketing Corporation of Zimbabwe on a regular basis.

Zwnews

Share

Recent Posts

Zimbabwean Driver Locked Up in DRC After His Truck Kills 18 People in Deadly Accident

Reports from concerned drivers in the Democratic Republic of Congo (DRC) indicate that Jeremiah Kamuterera,… Read More

29th March 2024

Police Investigate Discovery of 20 Young Women Linked to Madzibaba Ishmael Cult in Harare Hideout

The Zimbabwe Republic Police (ZRP) has launched an investigation after discovering 20 young women who… Read More

29th March 2024

CAPS United Humiliated as New Boys Bikita Minerals Secure First Premiership Victory…ZPSL Results

 In an electrifying showdown at Rufaro Stadium, newly promoted side Bikita Minerals clinched their maiden… Read More

29th March 2024

No loss of value through introduction of currency stabilization measures- David Mnangagwa

The Deputy Minister of Finance and Investment Promotion David Mnangagwa has attributed the current surge… Read More

29th March 2024

Mnangagwa prematurely ends Mangudya’s tenure as RBZ governor

HARARE – President Emmerson Mnangagwa on Thursday brought forward by a month the appointment of… Read More

29th March 2024

Tragedy Strikes as Bus Plunges Off Bridge in Limpopo, Killing 45 ZCC Church Mmembers

SOUTH AFRICA: A devastating bus accident on the R518 in Limpopo's Waterberg district has led… Read More

29th March 2024