Zimbabwe govt shuts down Chinese-owned Bikita Minerals

Zimbabwe govt shuts down Chinese-owned Bikita Minerals

Daily Current Affairs / Zimbabwe govt shuts down Chinese-owned Bikita Minerals

Change Language English Hindi

Category : International Published on: May 25 2023

Share on facebook

Bikita Minerals, Zimbabwe's largest lithium mine, has been ordered to suspend operations after claims of Lithium looting by a local watchdog in May 2023.
Sinomine acquired Bikita Minerals which was previously controlled by German investors through African Minerals Ltd for US$180 million in January last year
Bikita Minerals holds 11 million tonnes of lithium, the world's largest-known deposit of the mineral.
Lithium, a crucial component in producing batteries for electric vehicles and renewable energy storage, has seen increased global demand in recent years.
Zimbabwe is a landlocked country located in southern Africa.
It gained independence from Britain in 1980 and became the Republic of Zimbabwe.

Recent Post's

India drops to 85th rank in the Henley Passport Index as China climbs to 64th; Indian passport now offers visa-free access to 57 countries.
Read More....
Lxme launches ‘LxmePay’, India’s first women-only UPI app that rewards transactions with digital gold to boost savings.
Read More....
India’s gold reserves cross $100 billion for the first time as global bullion prices rise, making up 14.7% of total forex reserves.
Read More....
India-Japan Fund invests ₹500 crore in Eka Mobility to boost EV manufacturing and strengthen Indo-Japan climate cooperation.
Read More....
IWAI hands over Haldia Multimodal Terminal to IRC Natural Resources under PPP model as part of the Jal Marg Vikas Project.
Read More....
Jyothi Surekha Vennam becomes first Indian woman to win a medal at Archery World Cup Final, clinching bronze in Nanjing.
Read More....
Veteran actor Govardhan Asrani, known for his comic roles in classics like Sholay and Chupke Chupke, passes away at 84.
Read More....
Zoravar Singh Sandhu wins bronze in men’s trap at ISSF Shotgun World Championships 2025 in Athens, marking India’s third world-level medal.
Read More....
CDSCO launches a digital monitoring system to track high-risk pharmaceutical solvents in real time, ensuring safer medicines for all.
Read More....
Saudi Arabia ends its 50-year-old Kafala system, granting migrant workers freedom and new rights.
Read More....