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Home Natural Resources Mining

Zimbabwe signs U$13B mining deal with Chinese investors

Taarifa Rwanda by Taarifa Rwanda
September 21, 2022
in Africa, Mining, Zimbabwe
Reading Time: 1 min read
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According to the government mouthpiece, the Zim government and two Chinese investors- Eagle Canyon International Group and Pacific Goal Investment signed a MOU to pave way for construction of a U$13billion Mine to energy Industrial park in Mashonaland West Province.

Details also indicate that the project will seat on a 5000-hectare piece of land in Mapinga, along the Harare-Chinhoyi road and will bosst the economy through benefication of minerals and support the clean energy drive.

Also read: EcoCash launches micro-pension fund for Zimbabwe’s informal sector workers

The agreement is set to facilitate and promote the establishment of a first-of-its-kind Mine to Energy industrial park, Mashonaland in West of the country.

This agreement attests my government’s commitment to implement clean energy projects as critical enablers to leap-frog the modernisation and industrialisation of Zimbabwe, he said.

This new mine energy project will include construction of two 300MW power stations, a coking plant, lithium salt plant, graphite processing plant, Nickel Chromium alloy smelter as well as a nickel Sulphate plant.

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Source: Taarifa Rwanda
Tags: a coking plantEagle Canyon International Groupenergy Industrial parkgraphite processing plantlithium salt plantMashonaland West provinceMiningNickel Chromiumnickel Sulphate plantPacific Goal Investmentpower stationszimbabweZimbabwe signs U$13B mining deal with Chinese investorsзимбабвеزيمبابويジンバブエ津巴布韦
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Taarifa Rwanda

Taarifa Rwanda

Taarifa is a Rwandan news media house established to play a role in shaping the global agenda through telling Africa’s true stories by delivering quick, in-depth and exclusive news on issues and events affecting Africa’s political, economic and social landscape.

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