Xinfeng wants more lithium export
News in short
Xingfeng Investments says it will have to export lithium ore every month for another three years to cover mining operations, create cash flow, and allow its planned N$500 million lithium processing factory, with a desalination plant, to take off.
On Friday, the Chinese lithium company responded to allegations widely published in local media against its operations. Nambili Mhata Legal Practitioners, a law firm, issued the press statement on behalf of Xingfeng.
According to Xinfeng, they have already shipped 75,216.36 tonnes of lithium ore to China. The ore is being used in China for tests to design a modern and efficient processing plant, which must be built in Namibia, it says. The ore only contains 1% lithium, Xinfeng added.
Mines minister Tom Alweendo briefly stopped Xinfeng’s lithium exports, but he told parliament last week that the exports will continue until the end of November. Xinfeng obtained the exclusive prospecting licence 7228 in October 2021. They were awarded an environmental clearance certificate in April 2022.
Mining licence 243 was granted in August 2022, and by the end of August, mining operations were underway, according to the release. -
- Augetto Graig
On Friday, the Chinese lithium company responded to allegations widely published in local media against its operations. Nambili Mhata Legal Practitioners, a law firm, issued the press statement on behalf of Xingfeng.
According to Xinfeng, they have already shipped 75,216.36 tonnes of lithium ore to China. The ore is being used in China for tests to design a modern and efficient processing plant, which must be built in Namibia, it says. The ore only contains 1% lithium, Xinfeng added.
Mines minister Tom Alweendo briefly stopped Xinfeng’s lithium exports, but he told parliament last week that the exports will continue until the end of November. Xinfeng obtained the exclusive prospecting licence 7228 in October 2021. They were awarded an environmental clearance certificate in April 2022.
Mining licence 243 was granted in August 2022, and by the end of August, mining operations were underway, according to the release. -
- Augetto Graig
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