Sandawana in talks to raise US$220 million

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SANDAWANA Mine (Sandawana) says it is holding talks with potential partners to raise about US$220 million to start further beneficiation of spodumene concentrate.

Sandawana was previously one of the world’s largest emerald mines, but closed years ago after production fell and markets dried up. Kuvimba Mining House (KMH) now intends to restart the mine as a lithium producer.
KMH’s, head of the energy cluster, Travor Barnard, said the company was looking for capital to kick-start the project and the first step would be to manufacture lithium sulphate before expanding to lithium carbonate, which is the final chemical that goes into battery manufacturing.