Kuvimba Mining House (KMH), owned by Zimbabwe’s sovereign wealth fund, Mutapa Investment Fund, has entered into a significant Build, Operate, and Transfer (BOT) agreement with a Chinese consortium valued at US$310 million for the Sandawana Lithium Project.
This six-year deal aims to establish a state-of-the-art processing plant with an annual capacity of 3 million tonnes at Sandawana Lithium Mine, projected to generate $600 million in annual revenue. KMH Group CEO Trevor Barnard announced that the plant is expected to be operational within 18 months, with plans for a second plant dependent on ongoing exploration results.
Barnard said the financing for the first plant, totaling $310 million, will be disbursed over the next 18 months and repaid during the BOT period. He added that KMH is thrilled to establish these groundbreaking agreements with international entities.
Barnard also highlighted the growing investor confidence in Zimbabwe’s mineral sector, emphasizing the commitment to transparent, accountable partnerships and efficient management of local resources.
