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News
India’s largest sustainable critical minerals producer ships first lithium ore from Zimbabwe, secures 10 blocks with an estimated $7 billion lithium deposit
4+ day, 9+ hour ago (285+ words) India’s Lohum has shipped its first consignment of lithium ore from Zimbabwe, marking the start of its mining operations in the southern African country and making it the first Indian company to produce lithium from overseas assets. The move gives…...
Tata launches €3.82 billion Iveco takeover that could combine two major African truck networks
6+ day, 16+ hour ago (379+ words) Tata Motors has formally launched its €3.82 billion offer for Iveco, moving closer to bringing two companies with extensive truck, bus and service networks in Africa under common ownership. The Financial Express reported that the cash offer will open for shareholder…...
Tanzania tells US billionaire Tesla investor Tim Draper he does not own the freshwater island he wants to sell for $7.9 million
1+ week, 6+ day ago (536+ words) American billionaire investor Tim Draper is seeking $7.9 million for his investment in a luxury island resort in Tanzania, but authorities have clarified that he does not own the island itself and therefore cannot sell the land. Tim Draper is seeking…...
Billionaire Tesla and SpaceX investor puts 110-acre Tanzanian island up for sale for $7.9 million
2+ week, 11+ hour ago (500+ words) American billionaire Tim Draper has placed his 110-acre private island in Tanzania on the market for $7.9 million, inviting potential buyers to send their offers directly by email. Draper, an early investor in Tesla and SpaceX, announced the sale of Lupita…...
Zimbabwe is restricting raw lithium exports, but a Chinese mining company just got an extra 300,000 tons
2+ week, 5+ day ago (434+ words) The Chinese mining enterprise Sinomine Resource Group recently relayed that it obtained an additional export quota of 300,000 metric tons for lithium concentrate from Zimbabwe, amid the nation's effort to curtail the exportation of unprocessed lithium. The company made this known…...
Months after U.S. listed Nigeria as emerging lithium source, Chinese-backed firm targets country’s projects with 240,000-tonne trial mine
3+ week, 6+ day ago (761+ words) Nigeria’s emerging lithium industry is attracting fresh Chinese-backed investment, even as the United States seeks to diversify access to critical minerals and reduce supply-chain dependence on China. Australian-listed Chariot Corporation said it has signed a term sheet with China-based C…...