News / National
Marula Mining ceases Zimbabwe operations
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Marula Mining PLC, an investment and development company focused on African mining opportunities, has officially announced that it will cease exploration and project acquisition activities in Zimbabwe. This decision follows an extensive evaluation of potential lithium and copper mining prospects in the country through its 80% owned subsidiary, Muchai Mining (Pvt) Limited.
In late 2023, Marula Mining initiated a strategic program aimed at identifying high-potential mining projects in Zimbabwe. Despite the availability of advanced opportunities in the country's mining sector, the company concluded that none of the projects met its stringent internal benchmarks, particularly in terms of grade, cost efficiency, and development timelines. As a result, Marula Mining has opted to redirect its resources toward other promising ventures across the African continent.
Marula Mining's focus is now shifting to high-grade mining projects in Tanzania and South Africa. The Kinusi Copper Mine in Tanzania, which has become a flagship operation for the company, is set to begin copper sales by December 31, 2024. An independent assessment of the mine suggests the presence of a 10-15 million tonne deposit rich in copper, gold, and other base metals. Development at the site is progressing steadily, with the site expected to play a pivotal role in Marula's future growth.
In addition to the Tanzanian operation, Marula is also exploring copper mining and processing opportunities in Kenya. Technical due diligence is currently underway to assess the long-term viability of these projects, with a focus on securing further growth in the copper sector.
In South Africa, Marula Mining's Blesberg Lithium and Tantalum Mine is poised to become the company's principal hub for lithium mining and processing. The company is in advanced talks to form a joint venture focused on commissioning a lithium acid leaching plant at the site. This facility is expected to enhance the mine's output and cater to the growing global demand for battery metals. Furthermore, Marula is conducting technical reviews of two additional lithium brine projects in South Africa and Botswana, with the aim of expanding its footprint in the fast-growing lithium market.
Marula Mining's portfolio spans South Africa, Kenya, Tanzania, and Zambia, with a clear emphasis on battery metals such as lithium, copper, and tantalum. The company's strategy is aligned with the global transition toward renewable energy and electric vehicle technologies, positioning it well within the booming sector for essential minerals.
Marula Mining's shares are actively traded on the Aquis Stock Exchange in London and the A2X Markets in South Africa. The company has plans to expand its trading activities to additional exchanges in Kenya and South Africa, reinforcing its commitment to growing its market presence across the African continent.
In late 2023, Marula Mining initiated a strategic program aimed at identifying high-potential mining projects in Zimbabwe. Despite the availability of advanced opportunities in the country's mining sector, the company concluded that none of the projects met its stringent internal benchmarks, particularly in terms of grade, cost efficiency, and development timelines. As a result, Marula Mining has opted to redirect its resources toward other promising ventures across the African continent.
Marula Mining's focus is now shifting to high-grade mining projects in Tanzania and South Africa. The Kinusi Copper Mine in Tanzania, which has become a flagship operation for the company, is set to begin copper sales by December 31, 2024. An independent assessment of the mine suggests the presence of a 10-15 million tonne deposit rich in copper, gold, and other base metals. Development at the site is progressing steadily, with the site expected to play a pivotal role in Marula's future growth.
In South Africa, Marula Mining's Blesberg Lithium and Tantalum Mine is poised to become the company's principal hub for lithium mining and processing. The company is in advanced talks to form a joint venture focused on commissioning a lithium acid leaching plant at the site. This facility is expected to enhance the mine's output and cater to the growing global demand for battery metals. Furthermore, Marula is conducting technical reviews of two additional lithium brine projects in South Africa and Botswana, with the aim of expanding its footprint in the fast-growing lithium market.
Marula Mining's portfolio spans South Africa, Kenya, Tanzania, and Zambia, with a clear emphasis on battery metals such as lithium, copper, and tantalum. The company's strategy is aligned with the global transition toward renewable energy and electric vehicle technologies, positioning it well within the booming sector for essential minerals.
Marula Mining's shares are actively traded on the Aquis Stock Exchange in London and the A2X Markets in South Africa. The company has plans to expand its trading activities to additional exchanges in Kenya and South Africa, reinforcing its commitment to growing its market presence across the African continent.
Source - online
