China Mining Resources bought Bikita Minerals in 2022 and has spent $300 million to expand petalite, a lithium aluminum phyllosilicate mineral, and spodumene capacity. (
The planned investment, a tenfold increase on the $271 million pledged in the same period last year, dwarfs that of its closest rival, the United Arab Emirates, which eon licenses to invest $498.5 million. The total value of investment licenses awarded was $3.41 billion.
One China-backed project is a $2.3 billion planned energy and mining complex that will process minerals in Mapinga while another is 500 megawatt solar energy project
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