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NEW YORK, May 31, 2024 -- OTC Markets Group Inc. , operator of regulated markets for trading 12,000 U.S. and international securities, today announced Lotus Resources Ltd. , a leading...
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.
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Stakeholders in the local mining sector have urged government to secure investment in exploration and extraction of mineral resources to maximise gains from it. The sentiments come amid concerns that local and foreign investors cannot finance large-scale mining projects. Speaking at the inaugural Mining Investment Forum in Lilongwe, Lotus Malawi managing director Keith Bowes said
Kayelekera Uranium Mine parent company, Lotus Resources Limited, has said it wants to obtain a loan to enable it restart production at the mine in late 2025. Without disclosing the actual amount they are looking for, the company said in an update that the Kayelekera re-start Definitive Feasibility Study (DFS) showed $88 million (about K152.6