Sinomine Seeks $764 Million to Expand African Lithium and Copper Projects
China’s Sinomine Raises Up to $764 Million for Zimbabwe Lithium and Zambia Copper Projects Chinese mining and battery materials company Sinomine Resource Group Co. is seeking to raise up to 5.2 billion yuan ($764 million) through a private placement to support the expansion of its critical minerals projects in Africa and China. According to a stock exchange filing released Tuesday, the funds will be used to finance the company’s lithium sulfate project in Zimbabwe, accelerate development of its Kitumba copper mine in Zambia, support a cesium and rubidium project in…
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