Kamativi Mining Company (KMC) is set to complete the first phase of its lithium mine production preparations in October this year, having already invested 25 million US dollars.
The second phase, set to be completed by early 2024, will see KMC’s investment rise to us$75 million, bringing the total investment capital to 100 million US dollars.
This significant investment demonstrates the seriousness of the investor in the Lithium sector. Even before the Government’s ban on the export of raw lithium ore, KMC has also taken the initiative to construct a lithium beneficiation plant.
Alongside construction phase one plant, phase two plant construction is due to begin in May this year, with an expected total processing capacity of 2 million tons of ore per year.
Deputy Mines and Mining Development Minister Hon Polite Kambamura said the Government looks forward to the completion.
“This shows seriousness on the side of the investor. Also, following the government’s ban on the Export of raw lithium ore, KMC has gone further to construct a lithium beneficiation plant. They are also going to resuscitate the old plant and we are looking forward to the construction of the phase one plant by October this year, which is expected to be processing 300,000 tons of ore per year.”
“Kamativi Lithium Mine is also expected to produce 350,000 tons of lithium concentrate by early 2024, from 2.3 million tons of mined ore.
This marks an important development not only for KMC but for the wider lithium sector, which has seen increased attention given the important role it plays in the energy transition,” the Deputy Minister said.
These developments were welcomed by industry experts, praising KMC for its commitment and responsible lithium production.
The plant is also expected to create employment opportunities for the local community.
