London-listed Galileo Resources has met all conditions required to acquire an additional 51% shareholding in BC Ventures, which, coupled with its existing 29% shareholding, now adds up to an 80% beneficial shareholding in BC Ventures. The company held an option to acquire the 51% interest by spending $1.5-million on exploration and evaluation of the Kamativi…
THE Sandawana Mines, which is controlled by Kuvimba Mining House, is sitting on an estimated 100 million tonnes of lithium resource, making it one of the bigges.
Prospect Lithium Zimbabwe also had plans to reduce the labour force by about 164 employees effective from January 2024, citing lithium prices, according to workers’ unions.