China to Tighten Limits on Rare Earth Exports

HONG KONG — China’s commerce ministry announced on Tuesday in Beijing a steep reduction in export quotas for rare earth metals in the first months of next year, a move that threatens to cause further difficulties for manufacturers already struggling with short supplies and soaring prices. 

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Malawi seeks bidders for 300 MW coal-fired plant

LILONGWE, Dec 26 (Reuters) - Malawi will in the coming months invite bids from investors willing to build a 300 megawatts coal-fired power plant to meet its rising demand for electricity, Energy Minister Grain Malunga said on Sunday

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Malawi Inflation Eases to Lowest Since at Least 2006

Malawi’s inflation rate fell to 6.4 percent in November, the lowest since at least January 2006, as the country produced more corn than the government predicted, helping to curb prices.

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Lynas gets OK for Malawi purchase

Lynas Corporation Ltd says it has received approval from the Malawi government to acquire a rare earths resource for $US4 million ($A4.02 million).
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Chinese state entity to take over Kanyika and Machinga projects

A Chinese state-owned enterprise will take a controlling stake in Perth-based junior minerals explorer Globe Metals and Mining Ltd for $41 million.

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Malawi: World Bank official impressed with Malawi growth rate

World Bank official impressed with Malawi growth rate - Lars Thunell, the International Finance Corporation (IFC) Vice-President and Chief Executive Officer (CEO), has asked the Malawi government to boost small-scale businesses to maintain the sound economic growth recorded by the African country in the past couple of years

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Battle for 'rare earth' begins

TO READ MORE CLICK HERE

Mon 01 Nov 2010

RRR - Red Rock Resources Latest Prices Name Price % Red Rock Resources 10.75p +4.88% African Consolidated Resources 9.12p 0.00% Thor Mining 1.32p -5.36%   FTSE AIM All-Share 846 -0.29% Mining 25,818 -2.64% LONDON (SHARECAST) - Most of us won’t have looked at a periodic table since school, but now’s the time to brush up on your chemistry as mining companies go chasing ever more exotic and elusive elements. Rare earth metals are the latest craze in the mining world. China has the biggest deposits and is getting protective. It announced last year that exports would be cut in 2010-15, and if recent press reports are to be believed, will ship out 30% less in 2011.

Paladin narrows Q1 loss on higher output

Uranium miner Paladin Energy Ltd has narrowed its loss for the September quarter from the same period last year on the back of higher production volumes from its two African mines.TO READ MORE CLICK HERE

Paladin narrows Q1 loss on higher output

Uranium miner Paladin Energy Ltd has narrowed its loss for the September quarter from the same period last year on the back of higher production volumes from its two African mines.TO READ MORE CLICK HERE

Malawian, Mozambican Officials Deny Rift over Zambezi Water Project

Senior officials in Mozambique and Malawi have denied media reports that sharp disagreements over an environmental assessment impact study have derailed the “much-needed” joint Shire-Zambezi Waterway Project.

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Riversdale Moçambique to study navigability on Mozambique’s Shire

Maputo, Mozambique, 28 Oct – Riversdale Moçambique plans to examine the question of navigability on the Chire River, a project causing diplomatic friction between Mozambique and Malawi, company president Casimiro Francisco has told the newspaper O Pais.
TO READ MOR CLICK HERE

Paladin to start completion test at Kayelekera

Paladin Energy will start a completion test at its Kayelekera uranium mine, in Malawi, on November 1, the company announced on Monday.
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Portuguese firm gets 30-year water transportation deal in Malawi

APA-Lilongwe (Malawi) Malawi through the Privatisation Commission on Wednesday awarded a concession to Mota Engil a Portuguese company to take over the water transportation from the Malawi Lake Services for the next 30 years.
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IMF raises Malawi 2010 growth f'cast to 7 pct

LILONGWE Oct 27 (Reuters) - The IMF has raised Malawi's 2010 growth forecast to 7 percent from 6.3 percent due to the expected expansion of the southern African country's mining and services sector, its local representative said on Wednesday
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MALAWI Food Security Outlook October 2010 through March 2011

 National maize availability is expected to remain favorable in Malawi through the outlook period following another year of surplus maize production. Prices have been stable since the last harvest in April and maize remains available in all markets in Malawi including the southern part of the country where food insecurity persists

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Use of Zambezi By Malawi Dependent On Studies

18 October 2010

Maputo — The use of the Zambezi river to carry trade between landlocked Malawi and the Indian Ocean depends on environmental and economic viability studies of the navigability of the Zambezi, according to Alvaro dos Santos, the Director for Africa and the Middle East in the Mozambican Foreign Ministry.




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Government of Mozambique to invest US$20 million in reconstruction of Nampula-Cuamba road

Maputo, Mozambique, 13 Oct – The government of Mozambique plans to invest US$20 million in the reconstruction of the Nampula-Cuamba road, as part of an overall project to improve transport facilities in the Nacala corridor, a government spokesman said Tuesday in Maputo.
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Mozambique open to construction of oil pipeline linking port of Beira to Malawi [ 2010-10-11 ]

Maputo, Mozambique, 11 Oct - Mozambique is open to Malawi’s initiative to build an oil pipeline linking the port of Beira and the Malawian district of Nsanje, in the far south of the country, Mozambican energy minister told Mozambican newspaper Notícias.
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SA company risks losing Malawi bauxite exploration licence

The Malawi government has warned that unless a South A frican company assigned to explore for bauxite deposits on Mulanje Mountain bring s forward convincing evidence "that it has something to show," it won't have its

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Resource Star encounters uranium anomaly at Ilomba Hill in Malawi

Resource Star, an uranium explorer, has conducted an aeromagnetic and multi-spectral radiometric survey, which identified uranium anomalies at its 90%-owned Ilomba Hill Uranium-Niobium Project in Malawi.

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Globe Metals & Mining completes maiden rare earth drilling program at Machinga

Reported by Proactive Investors on Tuesday, 28 September 2010 (1 week ago)



African focused Globe Metals & Mining (ASX: GBE) RC drilling program at the Machinga Rare Earth Project in southern Malawi has been completed, with 1,688m drilled in 16 holes that tested four different zones of REE mineralisation
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Lafargue to go ahead with Balaka Cement Factory

Lafargue plans to go ahead with its US$150-200 million dollar investment in cement project in Balaka
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RAIPLY Invests US$12 million in Chikangawa

To add more value to timber products,  RAIPLY is constructing  a new multi-million Kwacha factor at Chikangawa in Mzimba.


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Brazilian Mining Giant Buys Into Northern Railway

Maputo, Sep 27, 2010 (Agencia de Informacao de Mocambique/All Africa Global Media via COMTEX) --

The Brazilian mining giant Vale announced on Tuesday the purchase of 51 per cent of Mozambique's Northern Corridor Development Company (SDCN).

SDCN is the private consortium which is the partner of Mozambique's publicly owned port and rail company (CFM) in the Nacala port and rail systems in the north of the country. The lease on the Nacala systems is held by the Northern Development Corridor (CDN), in which 51 per cent of the shares are owned by SCDN and 49 per cent by CFM.
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Zambezi River, in Mozambique, needs to be navigable in order to transport large amounts of coal [ 2010-09-29 ]

Maputo, Mozambique, 29 Sept – The Zambezi River, in central Mozambique will need to be made navigable by 2012 in order for it to be possible to transport coal along it, the chairman of the Mozambican Association for Coal Development (AMDC) said Tuesday in Maputo.

With coal mining at Moatize, in the central province of Tete, carried out by mining companies Vale (Brazil) and Riversdale Mining (Australia), Mozambique expects to start producing over 20 million tons of coal per year in the next five years.



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Mozambique: Initial Phase of Moatize Mining By Early November

29 September 2010

Maputo — The initial phase of mining coal at Moatize, in the western Mozambican province of Tete, will begin by early November, and the first coal exports from the Moatize basin should occur in the first half of 2011, according to the Deputy Minister of Mineral Resources, Abdul Razak Noormahomed.


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Malawi on track with IMF

Malawis performance under the IMF Extended credit facility has been satisfactory and achieved most agrred upon goals
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Top Exec Pay 100 Times Lowest Paid Worker in Malawi

Kenneth Guillame, Big4.com Staff Reporter

10 September 2010
In Malawi, executives are paid 106.7 times more per month than the lowest paid workers - the largest pay gap currently in Southern Africa. The country also shows the most difference in gradient of salary structure between basic salary and total gross compensation,
TO READ MORE CLICK HERE

G-Mobile of Malawi gets $30m capital injection

PRIVATE equity investor Musa Capital is investing about $30m in Malawi’s third cellphone operator, G-Mobile, and is eyeing similar investments in other African countries, including SA.

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Food insecurity persists in southern Malawi as lack of operational funds delays assistance

718,000 people remain moderately to highly food insecure and are surviving on food obtained using desperate coping mechanisms in the southern area of Malawi.

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Tobacco earns Malawi US$308 million in five months

TO READ MORE CLICK HEREAPA-Lilongwe (Malawi) Tobacco Control Commission of Malawi (TCC), a tobacco regulatory body in the country, on Wednesday said it has realised over MK54billion (US$308million) from 110million kilograms of tobacco sold since the onset of the product’s selling season in May.

SEC settles tobacco charges

WASHINGTON - Two American tobacco companies are paying almost $30 million to settle charges that they bribed foreign officials to get lucrative overseas tobacco sales contracts.

The companies, Universal Corp. of Richmond, Va., and Alliance One International of Morrisville, N.C., faced civil and criminal charges from the Securities and Exchange Commission and Justice Department, the government said Friday.
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New efforts under way to restart stalled Moz–Malawi power interconnector

 The World Bank, the lead financier of the $93- million Mozambique–Malawi power interconnector project, has initiated negotiations with the Malawi government to kick-start the project, which has stalled because Malawi is unhappy with aspects of the power sharing agreement between the two neighbouring countries and the Bretton Woods institution.
TO READ MORE CLICK HERE

US charges tobacco companies for bribery in Malawi

The Securities and Exchange Commission today charged two global tobacco companies with violations of the Foreign Corrupt Practices Act (FCPA) for paying more bribes to government officials in in Malawi and other countries to illicitly obtain tobacco sales contracts.  Between 2002 and 2003, Universal subsidiaries paid a total of $850,000 to high-ranking Malawian government officials that were not accurately recorded in Universal's books and records. TO READ MORE CLICK HERE

China locks in Paladin Energy's uranium

URANIUM miner Paladin Energy will explore long-term sales and growth opportunities with one of China's biggest nuclear power companies

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Reserve Bank cuts rates to 13 pct -

LILONGWE July 31 (Reuters) - Malawi's central bank has decided to cut its key interest rate to 13 percent from 15 percent amid falling inflation and slightly weaker growth projections, a senior central bank source said on Saturday.

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Rush On for 'Rare Earths' as U.S. Firms Seek to Counter Chinese Monopoly

MOUNTAIN PASS, Calif. -- About an hour's drive southwest of Las Vegas, on a private 2,200-acre desert patch flanked by Clark Mountain and the Mojave National Preserve, lies an idled mine many consider to be a linchpin in the U.S. push for energy independence and national security.TO READ MORE CLICK HERE

Globe Metals &Amp; Mining To Begin Drilling At Machinga Rare Earth Project

African-focused Globe Metals & Mining (ASX: GBE) has reported that the contracted reverse circulation (RC) drilling rig has been mobilised to the Machinga Rare Earth Project in southern Malawi to commence a maiden 1,500m drilling program.

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Mindale ('Nthale') Iron Ore: Magnetic Survey Completed

Britannia Mining is pleased to announced that it has completed a magnetic survey at the company's high grade iron ore project in southern Malawi.

TO READ MORE CLOCK HERE

US ‘conflict minerals’ legislation could push up tantalum prices

26th July 2010  New US legislation regarding “conflict minerals” from the Democratic Republic of Congo (DRC) is likely to push up the price of tantalum oxide as it could lead to a supply squeeze, Africa-focused Globe Metals & Mining said on Monday.

Benchmark Tea Price in Malawi Advances 1.4% at Blantyre Auction on Demand

The benchmark price of tea in Malawi, Africa’s largest producer of the crop after Kenya, rose 1.3 percent as good quality tea received strong bids from buyers.TO READ MORE CLICK HERE

Editorial Comment 1

Lynas has so far been the most active. Global Metals is active in exploiing rare earths in Malawi.

The China connection is interesting. In 2007 Lynas acquired New Rare Earths Resource in Malawi. The question that immediately arose was whether  Australia would allow Chinese  to take over Lynas and thus corner a mineral that the West considered strategic. Rather than by Lynas, China may chose to go it alone in Malawi which may partly explain Chinese excitement about Malawi.


Remember:




“There is Oil in the Middle East,
…There are Rare Earths in China.” Deng Xiaoping

Globe buys Malawi rare-earths project

PERTH  Globe Metals & Mining has increased its footprint in Malawi with the acquisition of the Salambidwe rare-earths project.


The Salambidwe project is located on the border with Mozambique, with about 85% of the project falling inside Malawi. The project is about 6 km T diameter, and dominated by syenite and nepheline syenite, with a core of agglomerative rocks.TO READ MORE CLICK HERE

Rare Earths Looking Rarer By the Minute

There is a big upset in the Rare Earths market right now, and with good reason.
TO READ MORE CLICK HERE

Related Reading CLICK HERE and CLICK HERE

Paladin reports jump in uranium output

Paladin Energy Ltd has reported a record quarter of uranium production and says it expects to meet its 2011 financial year output target of seven million pounds (Mlb) of uranium oxide.TO READ MORE CLICK HERE

Globe Metals & Mining reports resource estimate at Livingstonia Uranium Project

Globe Metals & Mining (ASX: GBE) has reported that Resource Star (ASX: RSL) has announced an an initial Mineral Resource Estimate (MRE) at the Livingstonia Uranium Project in Malawi, southeast Africa, based on an independent JORC reported Inferred Mineral Resource report.

TO READ MORE CLICK HERE

Chinese bank to support Malawi with $2bn

Malawi may soon find itself a beneficiary to $2 billion to finance agriculture, mining, manufacturing, energy and other projects. The China Import and Export Bank said during its 10-man strong visit to the country.
TO READ MORE CLICK HERE

New Bridge Over the Zambezi

The Mozambican government has formally award the concession to build a new bridge over the Zambezi to a consortium, Estradas de Zambeze, dominated by two major Portuguese building companies, Soares da Costa and Mota Engil.
TO READ MORE CLICK HERE

paladin pays mk385m first royalties from kayelekera uranium-mining

Paladin Africa at Kayelekera has delivered its first royalty totaling MK385 million to government

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Navigability of Zambezi Under Discussion

2 July 2010

Maputo — The best option for moving coal from the western Mozambican province of Tete to the Indian Ocean is by barge down the Zambezi river, rather than by road or rail, argued Martin Pepper, president of the US-based company Global Marine Resources, at a Thursday conference in Mapu

t

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"World Bank impressed with Malawi’s fiscal prudence, pledges more support

As the Y 2009/10 financial year winds up on June 30 and the Y 2010/11 financial year commences on July 1, the World Bank said in a interview that it is impressed with the progress the Malawi government has made over the past five years and that the bank will continue to provide budget support to the government."TO READ MORE CLICK HERE

Malawi niobium project’s resource up 77%

30th June 2010
Updated 3 hours agoTEXT SIZE PERTH (miningweekly.com) – The total measured and indicated resource for the Kanyika niobium project, in Malawi, had increased by 77% to 23-million tons, owner Globe Metals & Mining said on Wednesday

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Better, same or worse

56 percent of Malawian sazy things are getting better, 21 percent say things are the same and 23 percent say things are getting worse

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Old Mutual launches $40m retail centre in Malawi

The development is financed by MPICO.

Construction of a new regional shopping centre in Lilongwe will begin in June this year. This week MPICO, (Malawi Property Investment Company Ltd), the locally listed and largest property development company in Malawi, announced that it is developing a $40 million, 18 000m² shopping centre development in the western suburbs of Lilongwe, the capital of Malawi. The development is financed by MPICO, the National Bank of Malawi and two major international financial institutions.  An experienced South African development team comprising developers, financiers, professional designers, engineers and contractors will be managing the development and construction of the project for MPICO.

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Malawi's First WIMAX

AMSTERDAM, THE NETHERLANDS -- 06/16/10 -- WIMAX FORUM GLOBAL CONGRESS - Burco Electronic Systems Ltd, a leading ISP and IT solutions provider in Malawi, and Aptilo Networks, the global leader in integrated solutions for control of billing, user services and access in wireless networks including WiMAX™ and Wi-Fi, jointly announced today that Burco has selected the Aptilo WiMAX CSN System™ for their eWiMAX service, the first WiMAX 16e-based broadband Internet service in Malawi.

Bharti to invest $100 million in Malawi: Africa CEO

LilongweTuesday, June 22, 2010 22:01 IS: Bharti Airtel will spend $100 million in the next three years on network expansion in Malawi, the head of the mobile phone operator's African unit said on Tuesday




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Bharti Airtel Bosses to visit Malawi

TOP officials from Asia’s leading telecommunications corporation Bharti Airtel are expected in Malawi this week to hold discussions in furtherance of their business interests with Zain Malawi management.

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Malawi inflation slows

June 15, 2010 11:30PM


Malawi’s year-on-year inflation slowed to 7.8 per cent in May from 8.1 per cent in April, the National Statistical Office said on Tuesday.

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Mozambique approves EIS to build the second port in Nacala

APA-Maputo (Mozambique) Mozambique has approved an environmental impact study ordered by the Brazilian mining giant, Vale, to build a mineral seaport in Nacala-a Velha in the northern Mozambican province of Nampula, and a 200 km branch railway linking the coal mines of Moatize, in the western province of Tete, to Malawi, a senior government official said here Thursday.
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Paladin to reach nameplate capacity at Kayelekera by end-June

By: Liezel Hill

10th June 2010

Updated 25 minutes agoTEXT SIZE TORONTO (miningweekly.com) – Uranium-miner Paladin Energy expects to achieve nameplate production from its Kayelekera mine in Malawi during the current quarter, GM for corporate development Justin Reid said on Wednesday
to read more

African Development Bank to Fund Songwe River Project

APA-Lilongwe (Malawi) The Tunisia-based African Development Bank (AfDB) has approved an African Water Facility (AWF) grant of E3.549 million to the Malawi and Tanzanian governments to finance a detailed design and implementation of the Songwe River Basin Development Programme (SRBDP)

TO READ MORE CLICK HERE

Growth Down; Unemployment Up

y Claire Ngozo
LILONGWE, Malawi, Mar 31 , 2010 (IPS) - Due to the global economic and financial crisis, growth on the African continent dropped to an average of 1.6 percent in 2009, compared to 4.5 percent in 2008.


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Resource Star concludes due diligence on Livingstonia Uranium Project

Saturday, 05 June 2010

Resource Star has reported the successful completion of the due diligence on the Livingstonia Uranium Project in Malawi, southeast Africa and has informed the company’s JV partner, Globe Metals and Mining

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Bloomberg Malawi’s Central Bank Maintains Key Rate at 15%

By Frank Jomo

May 28 (Bloomberg) -- Malawi’s central bank maintained the key rate at 15 percent to contain inflation, saying it aims to provide sufficient liquidity to support economic programs and to build up reserves.TO READ MORE

Globe Metals & Mining hits wide zone of heavy rare earth oxide at Machinga

Globe Metals & Mining (ASX: GBE) has reported the second batch of laboratory chemical results for the initial trenching program at the Machinga Rare Earth Project in southern Malawi, with a 33m-wide zone of heavy rare earth oxide (HREO) mineralisation intersected in the second trench.




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Malawi Strategizes On Cotton and Clothing

 For three days of 21t – 23 April 2010, in Blantyre, Malawi, illuminated the dark and complex cotton value chain of Malawi. For the first time, in a long time, the faces of the key players in the cotton sector of Malawi shone with hope and poise to bring back the long lost glory where cotton used to feed people, feed industries and dress Malawians. Thanks to COMESA and USAID who facilitated the largest cotton stakeholder meeting of recent times in Malawi. The objective of the meeting was to take stock of issues of the sector that would be the focus in the development of Malawi Cotton to Clothing Strategic Plan, 2011-16, that will aligned to the COMESA Regional Strategy on Cotton to Clothing Value Chain that was approved by the COMESA Council of Ministers in Victoria Falls in June 2009
TO READ MORE CLICK HERE

Malawi’s legal framework does not allow the populace to benefit fully from the country’s minerals endowment

By: Jonathan Faurie

23rd April 2010

Concerns over the level of benefits the Malawi population is deriving from mining activities were raised at the recent Southern African Resource Watch conference, held in Johannesburg.

TO READ MORE CLICK HERE

Malawi to net US$500m in mining prospects

Malawi's mining prospects are expected to jump from the current $100m to $500m between now to 2018, the Ministry of Labour said. A World Bank review of the country's mining sector revealed the good news. Principle Secretary Andrina Mchiela said such figures will provide employment as the industry will contribute more to the GDP.

RO READ MORE CLICK HERE

Kayelekera hits 228 998 lb

Production at the Kayelekera project, in Malawi, reached 228 998 lb during the third quarter, a close to 60% increase from the 145 315 lb produced during the previous quarter.
TO READ MORE CLICK HERE

Malawi tobacco has new buyer from Japan : TCC

TO READ MORE CLICK HERE

APA-Lilongwe (Malawi) Malawi tobacco industry has registered a new buyer of tobacco from Japan, adding the number of existing buyers has reached eight in the country, the Tobacco Control Commission (TCC) said here Friday.

MACRA starts G-Mobile licence revocation process

By: Gregory Gondwe

Malawi Communications Regulatory Authority (MACRA) announced early last week that it has started the licence revocation process of Global Advanced Integrated Networks (G-Mobile), a company that would have been the country's third mobile phone service provider. MACRA PR officer Zadziko Mankhambo said they were compelled to start this process after G-mobile failed to beat a third deadline of 12 April 2010

Thuthuka expects Kanyika ‘issues’ to be resolved by end-April

By: Esmarie Swanepoel

20th April 2010 

Updated 2 hours 6 minutes ago

TEXT SIZE

 

PERTH (miningweekly.com) – South African engineering firm Thuthuka Group (TGL) has told Mining Weekly Online that issues around the delay of the Kanyika niobium project, in Malawi, would be resolved at the end of April.TO READ MORE CLICK HERE

Lisungwe CEO resigns2010

2010-04-06 15:48:44

Lisungwe chief executive and company secretary Roy Tucker has resigned.


The Lisungwe group holds extensive mineral exploration licence areas in Malawi.
TO READ MORE CLICK HERE

Globe Metals & Mining Intersects High-Grade HREO At Machinga Project

Globe Metals & Mining (ASX: GBE) has reported the first laboratory chemical results for the initial trenching program, comprisinTO READ MORE CLICK HEREg 8 trenches in total, at the Machinga Rare Earth Project in southern Malawi.

Malawi niobium bankable feasibility study delayed – Globe

13th April 2010 

TEXT SIZE

 

PERTH (miningweekly.com) – Africa-focused Globe Metals & Mining has pushed back the forecasted completion date of its bankable feasibility study (BFS) for its Kanyika niobium project, in Malawi, owing to a disagreement with its South African joint-venture (JV) partner, Thuthuka.

TO READ MORE CLICK HERE

Malawi Power Shortages Will Have ‘Significant’ Growth Impact

TO READ MORE CLICK HEREBy Nasreen Seria

March 31 (Bloomberg) -- Malawi’s power shortages will have a “significant” impact on economic output in the short term and the government has made it a priority to secure fund

Nuclear energy revival ensuring future of uranium mining

TO READ MORE CLICK HEREBy: Keith Campbell

9th April 2010

Updated 1 hour 1 minute ago

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JOHANNESBURG (miningweekly.com) – World energy demand is growing. The International Energy Agency predicts that global energy requirements will increase by 40% by 2030. No less than 80% of this increase in demand will come from emerging and developing countries.

AfDB Approves U.S.$ 17.5 Million Budget Support for Malawi

April 2010

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Tunis — The Board of Directors of the African Development Fund (ADF), the concessional window of the African Development Bank (AfDB) Group, approved on Wednesday, 7 April 2010 in Tunis a US $ 17.5 million (UA 11.5 million) grant to assist the Malawian government in implementing its Growth and Development Strategy aimed at reducing poverty.


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New $62m Lilongwe dam project being given urgent attention

2nd April 2010 

TEXT SIZE

 

Malawi’s Lilongwe Water Board (LWB) is preparing to embark on a $62-million project to construct a new dam on the Diampwe river, in the central region of the country, in order to boost its water supply capacity and meet increasing demand in the capital city.

TO READ MORE CLICK HERE