AAM 2020
GreaseMax
BusinessNewsSouthern Africa

Australia’s Prospect Resources picks advisor for sale of Zimbabwe lithium mine

Australian-listed Prospect Resources said on Monday it had picked Renaissance Securities Capital as its exclusive financial advisor for the possible sale of shares in Zimbabwe’s Arcadia Lithium mine to Russian energy firm Uranium One.

Uranium One, a unit of Russia’s state-owned nuclear energy firm Rosatom, agreed with Prospect last December to start talks towards buying equity in Arcadia and an offtake agreement.

Zimbabwe is pushing lithium as a major draw for investors as it looks to attract capital to its mining sector.

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