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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