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Ncondezi Energy secures US$1.3M shareholder loan


Top electric vehicle markets dominate lithium-ion battery capacity growth


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Essential Metals & Mining Insights - January 2021

Industry Top Trends 2021: Metals and Mining

Ncondezi Energy secures US$1.3M shareholder loan

NcondeziEnergy Ltd. said on May 11 that it has signed a US$1.3 million loanfacility with directors, management and long-term shareholders to fund ongoingworking capital requirements to finalize the joint development agreement with Shanghai Electric PowerCo. Ltd.

The company expects to be fully funded until the end of thethird quarter this year.

The partners are developing a 300-MW power project in Tete, Mozambique,supplied by coal from the Ncondezi mine.