Sinomine (Hong Kong) Rare Metals Resources Co. Limited has obtained complete ownership of Bikita Minerals (Private) Limited, subject to certain conditions.
The transaction, recently approved by the government, ensures that the new stakeholders will continue to uphold corporate social responsibility initiatives and programs.
As part of the agreement, Bikita Minerals (Pvt) Ltd, its subsidiaries, affiliates, and successors in title, have committed to various social responsibility endeavors.
These include contributing to the construction of ZESA’s Tokwe-Bikita 120km 132/33 KVA Station, extending assistance in the construction of the long-awaited Birchenough Bridge, and implementing philanthropic social responsibility programs that benefit schools, clinics, hospitals, government units, and the local communities in Bikita.
The construction of the new Birchenough Bridge is a significant undertaking that the government has been eagerly anticipating.
The completion of this bridge will not only improve connectivity within the region but also enhance trade and transportation, benefiting the local economy and communities.
By participating in this project, Bikita Minerals (Pvt) Ltd and its new majority shareholder, Sinomine (Hong Kong) Rare Metals Resources Co. Limited, demonstrate their commitment to the development and progress of the area.
Additionally, the involvement of Bikita Minerals (Pvt) Ltd in the construction of ZESA’s Tokwe-Bikita 120km 132/33 KVA Station reflects their dedication to supporting vital infrastructure projects.
This power station will contribute to the stability and availability of electricity supply in the region, facilitating economic growth and improving the livelihoods of the local population.
Furthermore, the commitment to philanthropic social responsibility programs emphasizes the importance of giving back to the Bikita community. Through these initiatives, Bikita Minerals (Pvt) Ltd, Sinomine (Hong Kong) Rare Metals Resources Co. Limited, and their associated entities aim to improve educational institutions, healthcare facilities, government units, and overall community well-being.
The acquisition of the 100% shareholding in Bikita Minerals (Private) Limited by Sinomine (Hong Kong) Rare Metals Resources Co. Limited marks a significant milestone in the mining industry. With the new stakeholders’ commitment to social responsibility initiatives and programs, it is expected that the benefits will extend beyond the corporate realm and positively impact the lives of the local communities in Bikita.