The official state-owned lithium mining arm of Zimbabwe, Mutapa Energy Resources, has secured a $300 million investment to accelerate the development of its lithium assets, marking the latest step in the country's efforts to bolster its position in the global battery resource market.
Mutapa Energy CEO Innocent Rukweza announced that the finance deal had been concluded.
“It’s a done deal,” Innocent Rukweza, chief executive officer of Mutapa Energy, said in an interview.
While he refused to identify the investors, he did say the money came from a group that included Chinese corporations.
According to him, one of the collaborating enterprises is publicly traded and must first comply with regulatory disclosure requirements before its participation can be publicized, as seen on Bloomberg.
