By: Justicia Shipena Chinese mining company Xinfeng Investment (Pty) Limited says it is constructing a lithium processing plant in Namibia. Construction of Xinfeng’s lithium processing plant was first revealed by Chinese ambassador Zhao Weiping during a media briefing on Wednesday.
Namibia is a leading producer of uranium, diamonds, tin and copper, but so far does not possess an active lithium mine, though several Canadian and Australian juniors are prospecting in the country. Up until 2019, Canada''s Desert Lion had been aiming to build Namibia''s first major lithium mine some fifty kilometres from the Xinfeng project.
The Namibe Lithium Project, which includes the Giraul pegmatite field, is a 207 m² area that has only been explored to the extent of about 10% since its discovery in the 1960s. The company believes that the lithium reserve potential is significant.
The company last week confirmed the ambassador’s announcement saying the lithium plant, expected to be launched in the first quarter of 2024, will contribute toward local value addition and product beneficiation.
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