Grain Malunga News Today

Lindian Resources, an Australian mining firm, says its Kangankunde Rare Earth Project in Balaka District is now estimated at 261 million metric tonnes of ore following new results of drilling as it moves towards developing the mine. This sets the reserves among the largest globally, positioning Malawi to become one of the largest producers of

At a time government has earmarked agriculture, tourism and mining (ATM) as key sectors to spearhead economic growth, a geological expert has urged authorities to prioritise four key mining projects. The projects are Songwe Hills Rare Earth Project in Phalombe, Kangankunde Rare Earth in Balaka, Kanyika Niobium in Mzimba and Kayerekera Uranium Mine in Karonga.

Export Development Fund (EDF), a subsidiary of the Reserve Bank of Malawi (RBM), says most of the country’s gold is being smuggled to neighbouring countries, leading to fluctuations in prices on the market. In a written response to a questionnaire, EDF public relations specialist Deliby Chimbalu said people are attracted by the higher prices offered

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All Independent Power Producers (IPPs) with planned operational date of 2023/24 will miss the deadline as authorities say apart from the four that commissioned two years ago, the rest now target 2025 onwards. Director of electricity in the Ministry of Energy Million Mafuta disclosed this on Tuesday when responding to our inquiry on progress of

The National Planning Commission (NPC) says while funding to the mining sector has increased, more resources are needed to kickstart the sector. In an interview on Thursday, NPC director general Thomas Chataghalala Munthali observed that while the legal and policy environment has made significant progress, small resource allocations to the sector have delayed the mining

Global Energy Alliance for People and Planet (Geapp) has given Electricity Supply Corporation of Malawi (Escom) a $20.2 million (about K 21.05 billion) grant for the procurement, installation, and operation of a Battery Energy Storage System (Bess). This, according to the State utility provider, is in response to the integration of utility-scale Solar PV plants

Electricity Supply Corporation of Malawi (Escom) is reviewing over 100 power purchase agreements (PPAs) signed between independent power producers (IPPs) and the disbanded Power Market Limited (PML) during the Peter Mutharika administration. Nineteen of those were signed on the eve of the 2019 Tripartite Elections during the Democratic Progressive Party regime. The power utility company’s

The Department of Statutory Corporations has appointed Hastings Bofomo Nyirenda as the liquidator of Power Market Limited (PML) which was dissolved in January this year. In an interview yesterday, Comptroller of Statutory Corporations Peter Simbani said Malawi Government, as the only shareholder of PML, expects the exercise to be concluded the soonest. PML was created

President Lazarus Chakwera has appointed a man named in the National Oil Company of Malawi (NOCMA) scandal into the Presidential Private Sector Council