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Marula Mining in SA is WhyAfrica’s Pick Of The Week

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Marula Mining recently delivered its first shipment of high-grade run-of-mine (RoM) lithium ore at its Blesberg lithium and tantalum mine in the Northern Cape Province of South Africa. Image credit: Marula Mining

Marula Mining in SA is WhyAfrica’s Pick Of The Week

African focused mining and exploration company Marula Mining got a major boost this week when South African based logistics, commodity and investment house Q Global Commodities (QGC) signed up as a major investor and partner.   

Marula Mining recently delivered its first shipment of high-grade run-of-mine (RoM) lithium ore at its Blesberg lithium and tantalum mine in the Northern Cape Province of South Africa.

According to Marula Mining CEO Jason Brewer, the first shipment falls under a USD5-million lithium prepayment facility to a South African subsidiary of global commodity group Traxys.

Marula Mining is a battery metals investment and exploration company and has interests in several high-value mine projects in Africa including the Blesberg Lithium and Tantalum Mine in South Africa, Nkombwa Hill Project in Zambia and Kinusi Copper mine in Tanzania.

“Lithium is one of the most sought-after commodities for the electric vehicles (EV) sector, for lithium-ion batteries and you have trading prices at an all-time high,” says Brewer.

Q Global Commodities expands its portfolio (Marula Mining in SA is WhyAfrica’s Pick Of The Week)

According to Quinton van der Burgh, QGC CEO, renewables energy and EV’s are exciting sectors to be investing in.

“It’s through joint ventures that QGC is able to do so and at the same time expand our commodity portfolio,” says Van der Burgh.

Signing on as a majority shareholder and major investor QGC is set to fast-track Marula’s progress.

“We want to make sure that Marula Mining is a company that we can all look to for massive growth and future profits. After careful due diligence and geology, we believe Marula is a big play and we intend to throw a lot of our time and efforts to get it there during this year” says Van der burgh.

“With QGC on board, we can now go full throttle and realise the assets we have,” says Brewer.

Marula Mining in SA is WhyAfrica’s Pick Of The Week

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Marula Mining in SA is WhyAfrica’s Pick Of The Week

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