Desert Lion Lithium mine to invest NS150 m

10 Jun 2018 15:40pm

Desert Lion Lithium Mine situated in the Karibib constituency will be investing over N$150 million in its mining operations.

It is expected that the company will export more than 90 000 tons of lithium per annum over the next two years, governor of Erongo region, Cleophas Mutjavikua has said.

“The company further intends to develop a mine and concentrator as phase two and ultimately a lithium carbonate conversion plant, which is anticipated to be located in Walvis Bay, as phase three. Their first shipment of lithium concentrate was loaded on April 24th, 2018 through the Port of Walvis Bay,” he said.

He added that there are also plans to increase production to more than 250 000 tons of lithium concentrate per annum.

 Meanwhile, MDL International is planning to establish a fuel and gas storage terminal with a capacity of over 200 million liters in Usakos for distribution to countries like Angola, Botswana, DRC, Zambia and Zimbabwe.

“We can confirm that MDL International has already commenced with phase one which is the establishment of the logistics center. Phase two which will involve the construction of the actual storage terminal will commence this year. This investment will amount to over N$43 billion after completion,” he said.