Malawi Central Bank to Co-Sign Paladin Account, Governor Says

November 29, 2011, 6:54 AM EST

Nov. 29 (Bloomberg) -- Malawi’s central bank said it will be a co-signatory to an offshore account held by a unit of Paladin Energy Ltd., which mines uranium in the north of the country

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Paladin soothes investor jitters on Malawi comments

Paladin soothes investor jitters on Malawi comments

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By: Esmarie Swanepoel

28th November 2011

Updated 1 hour 20 minutes ago

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PERTH (miningweekly.com) - Uranium miner Paladin Energy on Monday moved to allay investor fears, after the Malawi Reserve Bank Governor, Dr Perks Ligoya, said that the country would seek to “renegotiate” the terms for the Kayelekera project.

Paladin boss John Borshoff said in a statement that the development stability agreement between Paladin and the government of Malawi established the fiscal and regulatory framework for the company’s investment in that country, and guaranteed a period of stability in recognition of the Kayelekera mine’s unique position as the first significant foreign investment in Malawi's resources sector

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Paladin soothes investor jitters on Malawi comments

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By: Esmarie Swanepoel

28th November 2011

Updated 1 hour 15 minutes ago

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PERTH (miningweekly.com) - Uranium miner Paladin Energy on Monday moved to allay investor fears, after the Malawi Reserve Bank Governor, Dr Perks Ligoya, said that the country would seek to “renegotiate” the terms for the Kayelekera project.

Vale may share Tete-Nacala rail link

At work at Vale’s Moatize coal mine in the Tete province of Mozambique

Maputo, Mozambique --- MININGREVIEW.COM --- 23 November 2011 - Brazilian mining giant Vale has stated that it may be prepared to share with other users the Tete-to-Nacala railway line, an important strategic link that cuts across Malawi on its way to Mozambique's undeveloped deepwater port.
Responding to questions at the Coaltrans Mozambique conference here, Marcelo Matos, general manager of marketing and sales for Vale's coal division, did point out, however, that there were conditions that would have to be negotiated.

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Long fingers in the warm heart of Africa

A LITTLE under a decade ago I ran a course at a Lake Malawi resort. Two things struck me about the country: first, it seemed to have very little going for it; second was the desperation of the population.

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Mkango Resources Intersects Further Extensive Zones of Rare Earth Mineralisation at Songwe

Mkango Resources Ltd. (TSXV:MKA) announced final results from a drilling program at its Malawi-base Songwe property.

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Mkango Resources Intersects Further Extensive Zones of Rare Earth Mineralisation at Songwe

Mkango Resources Ltd. (TSXV:MKA) announced final results from a drilling program at its Malawi-base Songwe property.

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Explosive rare earth conflict in Malawi

When Lynas Corp disclosed, almost incidentally, this morning that the ownership of its red-hot rare earths asset in Malawi TO READ MORE CLICK HEREmight be in dispute, it was being a touch euphemistic

Mozambique to ask Japan for $300 mln port funding

MAPUTO (Reuters) - Mozambique, preparing to supply coking coal for Japan's steel industry, will ask the Japanese government for up to $300 million to fund repairs of its cyclone-damaged Nacala export port, a government official said on Tuesday

to read moreclick here

Mozambique: ENI Gas Discovery Larger Than Initially Thought

Maputo — The Italian energy company ENI has announced that its natural gas discovery in the Rovuma Basin, off the coast of the northern Mozambican province of Cabo Delgado, is much larger than initially thought.
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Phase 11 of Vale’s Moatize project due for completion in 2014

Rio de Janeiro, Brazil --- MININGREVIEW.COM --- 01 November 2011 - The second phase of Brazilian mining giant Vale’s Moatize coal project is scheduled for completion in 2014, and once completed will represent an overall investment of almost US$1.7 billion.

Confirming this in a statement here, the company said US$161 million of this amount had been assigned to the rest of this year.
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Rio Tinto calls for river based solution to transport coal from Moatize 187

TO READ MORE CLICK HEREAccording to Mr Eric Finlayson CEO of Rio Tinto Coal Mozambique, Rio Tinto considers using the Zambezi River to transport coal from Tete to be a better solution than the Nacala railroad.

Mr Finlayson during a visit by the President of Mozambique to Rio Tinto’s facility in the Karratha region, some 1,300 kilometres from the city of Perth, said that the Zambezi was an interesting alternative to the Nacala railroad as the distance between Moatize and the port was 900 kilometres by rail and only 500 kilometres by river.
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ILO proposes monetary policies for Malawi's employment creation

The International Labour Organisation (ILO) has released a report on Malawi which is trying to establish on how monetary policy instruments can be used to encourage Malawi onto a path of employment-generating growth. 

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Globe Metals & Mining kicks off rare earth oxide exploration program in Malawi

TO READ MORE CLICK HEREWednesday, November 02, 2011 by Christine Feary

Globe Metals & Mining (ASX: GBE) has commenced an exploration program to target and extend rare early element and niobium mineralisation at the Salambidwe Rare Earth Elements Project in southern Malawi
.

Paladin punished for African shut-downs

SHARES in Africa-focused miner Paladin were punished after it reported a fall in uranium production amid weak market prices, despite record sales for the September quarter.

Paladin produced 1.24 million pounds of uranium in the September quarter, a 15 per cent fall compared with 1.46 million pounds in the previous quarter.

RO READ MORE CLICK HERE

60 Mt mineral resource identified at Kanyika niobium project

60 Mt mineral resource identified at Kanyika niobium

Aprogress update on the definitive feasibility study (DFS) under way at Africa-focused resource company Globe Metals & Mining’s Kanyika niobium project (KNP), in central Malawi, reports a Joint Ore Reserves Committee-compliant mineral resource of 60-million tons.

Joy Radio to Broadcast from Zambia

http://www.zambianwatchdog.com/2011/10/17/sata-gives-banned-malawian-opposition-radio-licence-to-broadcast-from-zambia/

Mining overview

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Beira port to double capacity by 2015 | The Zimbabwean

Beira port to double capacity by 2015 | The Zimbabwean: "Beira port to double capacity by 2015

The port of Beira, is expecting to double the cargo it handles within the next four years.

Last year, according to the daily newspaper “Noticias”, the port handled 1.29 million tonnes of cargo. In the first half of 2011 it has handled 720,000 tonnes and projections indicate that by the end of the year the total will reach 1.4 million tonnes. The port dealt with over 105,000 containers last year and more than 67,000 in the first half of 2011."

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Economist says Malawi going the wrong way

Until recently, this impoverished southern African country of 16m people, stretched out along the shores of Lake Malawi, was a darling of international donors. Since President Bingu wa Mutharika (pictured above) came to power in 2004, the economy has flourished, with growth averaging more than 7% a year. Thanks to generous fertiliser subsidies, tobacco production, the economy’s mainstay, has soared and a food deficit has turned into a surplus. Child mortality has been halved, the HIV/AIDS pandemic (affecting 11% of the adult population) is under control and Malawi is one of just four countries in sub-Saharan Africa deemed likely to meet most of the UN’s Millennium Development Goals by 2015.

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Bridge over Zambezi River in Mozambique to be managed privately OCTOBER 4TH, 201

1    NEWS

Maputo, Mozambique, 4 Oct – The Samora Machel bridge over the Zambezi River, in Mozambique’s Tete province, will be handed over to private management for 30 years and Portuguese-Mozambican consortium Estradas do Zambeze will be responsible for its operation and maintenance, said the consortium’s chairman, António Graça

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Mozambique government approves JSPL's 2,640 MW coal-fired power plant news

Naveen Jindal-led Jindal Steel & Power Ltd (JSPL) has received approval from the government of Mozambique to build a 2,640 megawatts coal-fired power plant in the country's coal-rich Tete province TO READ MORE CLICK HERE.

Paladin Energy announces early Kayelekera Mine processing plant, northern Malawi restart

Paladin Energy announces early Kayelekera Mine processing plant, northern Malawi restart

Power shortage in Sadc to continue - Newsday: Everyday News for Everyday People

Power shortage in Sadc to continue - Newsday: Everyday News for Everyday People: "ower shortage in Sadc to continue

Southern African Power Pool (SAPP) the regional power grouping, yesterday said the region has a shortfall of power and would not meet the required demand before 2014 when lined up transmission projects had been completed. "

Uranium miner seeks $70m in fresh funds

Uranium miner seeks $70m in fresh funds: "Uranium miner seeks $70m in fresh funds
s
Price, Performance, History, Charts Investment Aims and Risk
IT IS not the best of times for a uranium producer to be tapping the market for fresh funding. But that is what ASX-listed African uranium producer Paladin Energy is doing, seeking up to $70 million from an institutional placement of shares."

'via Blog this'

Vodacom in Talks to Buy Stake in Malawi’s TNM, Daily Times Says - Bloomberg

Vodacom in Talks to Buy Stake in Malawi’s TNM, Daily Times Says - Bloomberg:
By Frank Jomo - Sep 19, 2011 8:59 AM GMT

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Vodacom Group Ltd. (VOD) began talks with Telekom Networks Malawi Ltd. (TNM) about buying a stake in the company, the Daily Times reported, citing people it didn’t identify.
Vodacom has previously expressed an interest in buying part of the Malawian company and TNM has been streamlining its operations to align with how Vodacom operates, the Blantyre- based newspaper said, without providing further details"

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Japanese Interests in rare-earth elements – Geological Survey

Malawi has significant potential for rare-earth elements – Geological Survey: "Malawi has significant potential for rare-earth elements – Geological Survey
By: Marcel Chimwala
2nd September 2011
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Malawi’s Geological Survey Department (GSD) and the Japan Oil, Gas and Metals National Economic Corporation have completed a ground-truthing exercise that has confirmed that Malawi has a number of unexploited areas with potential for rare earths prospecting."

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Malawi Tobacco Earnings Decline 51% Since Start of Season, Guardian Says - Bloomberg

Malawi Tobacco Earnings Decline 51% Since Start of Season, Guardian Says - Bloomberg: "Malawi Tobacco Earnings Decline 51% Since Start of Season, Guardian Says
Q
By Frank Jomo - Sep 15, 2011 1:43 PM GMT

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Malawi’s tobacco earnings declined 51 percent from the start of the selling season to Sept. 9, compared with a year earlier, the Guardian reported, citing Tobacco Control Commission spokesman Juliana Chidumu"

'via Blog this'

Paladin resumes production at Malawi uranium mine

Paladin resumes production at Malawi uranium mine: "Paladin resumes production at Malawi uranium mine
|

By: Esmarie Swanepoel
16th September 2011
PERTH (miningweekly.com) − Uranium miner Paladin Energy has resumed production at its Kayelekera operation, in Malawi, following the upgrade work on its processing plant.

MD and CEO John Borshoff said on Friday that production was running in excess of 90% of capacity and that the ramp-up to nameplate capacity was expected to be reached in a relatively short period."

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Mkango Resources intersects near surface rare earths at Songwe project - Proactiveinvestors (UK)

Mkango Resources intersects near surface rare earths at Songwe project - Proactiveinvestors (UK): "Mkango Resources intersects near surface rare earths at Songwe project
Wed 6:54 pm by Jamie Ashcroft This drilling work has demonstrated the extension of rare earth mineralisation, to depth and laterally, compared to previous exploration programmes at Songwe
Malawi focused rare-earth explorer Mkango Resources (CVE:MKA) told investors that it has intersected near surface zones of rare earth mineralisation at its Songwe project as part of its stage one drill programme.
"

'via Blog this'

Gold Canyon Announces Expansion of Joint Exploration Agreement With Japan Oil, Gas and Metals National Corporation (JOGMEC) for Rare Earth Elements in Malawi - MarketWatch

Gold Canyon Announces Expansion of Joint Exploration Agreement With Japan Oil, Gas and Metals National Corporation (JOGMEC) for Rare Earth Elements in Malawi - MarketWatch: "old Canyon Announces Expansion of Joint Exploration Agreement With Japan Oil, Gas and Metals National Corporation (JOGMEC) for Rare Earth Elements in Malawi

VANCOUVER, BRITISH COLUMBIA, Sep 08, 2011 (MARKETWIRE via COMTEX) -- Gold Canyon Resources Inc. CA:GCU -3.01% ("Gold Canyon" or "the Company") is pleased to announce commencement of a rare earth elements (REE) exploration program in Malawi, Africa through its Joint Exploration Agreement (JEA) between the Company and its joint venture participant, Japan Oil, Gas and Metals National Corporation (JOGMEC). This joint venture was established in January 2009 with the goal of targeting strategic REE projects which can be brought into production within a reasonable time frame and capital requirements. A wholly owned joint venture subsidiary, named Spring Stone Limited, a Malawi Corporation, has been established to carry out REE exploration in Mala"

'via Blog this'

Japanese c of Joint Exploration Agreement With Japan Oil, Gas and Metals National Corporation (JOGMEC) for Rare Earth Elements in Malawi - MarketWatch

Gold Canyon Announces Expansion of Joint Exploration Agreement With Japan Oil, Gas and Metals National Corporation (JOGMEC) for Rare Earth Elements in Malawi - MarketWatch: "old Canyon Announces Expansion of Joint Exploration Agreement With Japan Oil, Gas and Metals National Corporation (JOGMEC) for Rare Earth Elements in Malawi

VANCOUVER, BRITISH COLUMBIA, Sep 08, 2011 (MARKETWIRE via COMTEX) -- Gold Canyon Resources Inc. CA:GCU -3.01% ("Gold Canyon" or "the Company") is pleased to announce commencement of a rare earth elements (REE) exploration program in Malawi, Africa through its Joint Exploration Agreement (JEA) between the Company and its joint venture participant, Japan Oil, Gas and Metals National Corporation (JOGMEC). This joint venture was established in January 2009 with the goal of targeting strategic REE projects which can be brought into production within a reasonable time frame and capital requirements. A wholly owned joint venture subsidiary, named Spring Stone Limited, a Malawi Corporation, has been established to carry out REE exploration in Mala"

'via Blog this'

Globe takes great stride with niobium

Globe takes great stride with niobium:

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Port improvements on Tanzanian side of Lake Malawi

ATOMIC RE : IEC signs Agreement for Port facilities | 4-Traders: "ATOMIC RE : IEC signs Agreement for Port facilities

INTRA ENERGY SIGNS MEMORANDUM OF AGREEMENT WITH TANZANIAN PORT AUTHORITY
Intra Energy Corporation Limited (IEC) is pleased to announce that Tancoal Energy Limited (Tancoal) and the Tanzanian Port Authority (TPA) have signed a Memorandum of Agreement which will result in the improvement and upgrading of the existing Itungi Port facilities at Lake Malawi in south west Tanzania, where Tancoal’s product coal will be received for sales offtake."

'via Blog this'

Paladin diverts Kayelekera product

Paladin diverts Kayelekera product: "Paladin says Malawi drying and packaging plant off-line
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PERTH (miningweekly.com) – Uranium miner Paladin Energy on Monday reported that the drying and packaging plant at the Kayelekera uranium operation, in Malawi, was temporarily off-line owing to a planned maintenance shutdown."

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MALAWI: Remaining in the Dark - IPS ipsnews.net

MALAWI: Remaining in the Dark - IPS ipsnews.net: "Remaining in the Dark
By Claire Ngozo

LILONGWE, Aug 11, 2011 (IPS) - Malawi’s attempts to improve trade and investment in the country have taken a huge step backwards following a decision by the Millennium Challenge Corporation (MCC), a United States government foreign aid agency leading the fight against global poverty, to put on hold 350.7 million dollars meant to improve the country’s flawed energy sector."

Growers Stuck on Contract Termination

Growers Stuck on Contract Termination: "Growers Stuck on Contract Termination

Written by Angela Mkandawire
Sunday, 07 August 2011 08:24

Tobacco sales

Growers from Nkhata Bay are stranded as they do not know where they will sell thousands of bales of dark fired tobacco following the termination of a contract they entered into with Limbe Leaf Tobacco Company.


There are also fears that growers may lose tobacco that transporters took to the market earlier.

Justifying the decision to terminate the contract, officials from Limbe Leaf Company say the organization has purchased the levels of dark fired tobacco it longed to acquire as per the said contract agreement."

IFC Capitalization Fund and Africa Capitalization Fund invest in NBS Bank to Support Malawi's SME, Agriculture Sectors, news, StarAfrica.com

IFC Capitalization Fund and Africa Capitalization Fund invest in NBS Bank to Support Malawi's SME, Agriculture Sectors, news, StarAfrica.com: "
LILONGWE, Malawi, August 9, 2011/African Press Organization (APO)/ -- IFC Capitalization Fund and...

LILONGWE, Malawi, August 9, 2011/African Press Organization (APO)/ -- IFC Capitalization Fund and Africa Capitalization Fund will invest up to $10 million in equity in NBS Bank, Malawi's third largest bank in terms of loans and deposits, to support its capital base and help it increase lending to small and medium enterprises, including those in the agriculture sector."

Malawi awaits decision on IMF aid programme revival | Agricultural Commodities | Reuters

Malawi awaits decision on IMF aid programme revival | Agricultural Commodities | Reuters: "Malawi awaits decision on IMF aid programme revival

LILONGWE Aug 9 (Reuters) - Malawi has yet to see whether its decision to devalue the kwacha will enable stalled loan negotiations with the International Monetary Fund (IMF) to resume, the country's central bank governor said on Tuesday.

Malawi has devalued the kwacha by about 10 percent against the U.S. dollar to 165, although the new rate is still well short of the currency's value on the black market, where it is worth around 185 to the dollar"

Malawi cbank devalues currency by 10 pct: source | African news, analysis and opinion – The Africa Report.com

Malawi cbank devalues currency by 10 pct: source | African news, analysis and opinion – The Africa Report.com: "Malawi cbank devalues currency by 10 pct: source
0 August 8, 2011, 11:40 am

JOHANNESBURG (Reuters) - Malawi's central bank has devalued its currency by about 10 percent to 165 against the U.S. dollar, a Bank source told Reuters on Monday. The Malawian kwacha has been pegged at 150 to the dollar since a devaluation from 138.5 at the end of 2009."

Malawi Aid Suspension After Protests May Curb Economic Growth, Investment - Bloomberg

Malawi Aid Suspension After Protests May Curb Economic Growth, Investment - Bloomberg: "Malawi Aid Suspension After Protests May Curb Economic Growth, Investment
Q
By Mike Cohen - Jul 27, 2011 1:27 PM GMT

The suspension of U.S. and U.K. aid to Malawi, which depends on donors to fund as much as 40 percent of its budget, is likely to deter investment and undermine a five-year economic boom in the southern African nation."

Malawi Aid Suspension After Protests May Curb Economic Growth, Investment - Bloomberg

Malawi Aid Suspension After Protests May Curb Economic Growth, Investment - Bloomberg: "Malawi Aid Suspension After Protests May Curb Economic Growth, Investment
Q
By Mike Cohen - Jul 27, 2011 1:27 PM GMT

The suspension of U.S. and U.K. aid to Malawi, which depends on donors to fund as much as 40 percent of its budget, is likely to deter investment and undermine a five-year economic boom in the southern African nation."

Globe Metals & Mining to kick off 2011 exploration at Salambidwe REE Project in Malawi - Proactiveinvestors (UK)

Globe Metals & Mining to kick off 2011 exploration at Salambidwe REE Project in Malawi - Proactiveinvestors (UK): "Globe Metals & Mining to kick off 2011 exploration at Salambidwe REE Project in Malawi
12th Jul 2011, 4:17 am
Globe Metals & Mining (ASX: GBE) will commence the 2011 exploration program this quarter at its Salambidwe rare earth elements (REE) Project in southern Malawi.

As Salambidwe is a virgin rare earth prospect, the program will target the confirmation and potential extension of broad mineralisation encountered in the 2010 rock chip and soil sampling program."

Paladin's uranium output climbs, lowers guidance

Paladin's uranium output climbs, lowers guidance: "Paladin's uranium output climbs, lowers guidance

TORONTO (miningweekly.com) – Paladin Energy, the ASX- and TSX-quoted uranium miner, said on Wednesday that production for the year ended June rose 32% to 5.7-million pounds, but was lower than expected because of heavy rainfall at its Namibian mine and “mechanical issues” at the Kayelekera operation in Malawi."

AFP: Malawi mum on lost US aid

AFP: Malawi mum on lost US aid: "Malawi mum on lost US aid
(AFP) – 12 hours ago
BLANTYRE — Malawi kept mum Wednesday on the US suspension of a $350 million grant after last week's deadly protests, but local media lashed President Bingu wa Mutharika over the latest blow to the poor nation."

Malawi Aid Suspension May Curb Economic Growth, Deter Investment

Malawi Aid Suspension May Curb Economic Growth, Deter Investment: "Malawi Aid Suspension May Curb Economic Growth, Deter Investment
Wednesday, July 27, 2011
July 27 (Bloomberg) -- The suspension of U.S. and U.K. aid to Malawi, which depends on donors to fund as much as 40 percent of its budget, is likely to deter investment and undermine a five-year economic boom in the southern African nation."

BBC News - US suspends aid to Malawi after killings

BBC News - US suspends aid to Malawi after killings: "US suspends aid to Malawi after killings

The opposition accuses President Bingu wa Mutharika of handling the economy badly
Continue reading the main story
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African viewpoint: Is Malawi reverting to dictatorship?
Malawi country profile - Overview
Profile: Bingu wa Mutharika
The US has suspended a $350m (£213m) aid package to Malawi after the security forces were accused of killing anti-government protesters last week.

A US government agency, the Millennium Challenge Corporation (MCC), said the money was to have been spent on developing Malawi's power sector."

IMF: Malawi's Economic Backsliding, Uprisings Cause For Concern - WSJ.com

IMF: Malawi's Economic Backsliding, Uprisings Cause For Concern - WSJ.com: "OHANNESBURG (Dow Jones)--The International Monetary Fund said it is 'sad and concerned' that Malawi's economy seems to be moving backwards.

Last week, 19 people were killed after police opened fire to quell looting and protests against President Bingu wa Mutharika. Thousands of protesters accused Mutharika of mismanaging the economy which has led to acute fuel shortages, and of trampling on democratic freedoms.

'We feel very disturbed that Malawi has taken this turn,' Janet Stotsky, the IMF mission chief for Malawi, told Dow Jones Newswires in a telephone interview from Washington, D.C."

AFP: US warns Malawi on aid after riots

AFP: US warns Malawi on aid after riots: "US warns Malawi on aid after riots
(AFP) – 2 hours ago
WASHINGTON — The United States warned Friday it was reviewing a $350 million grant to Malawi after deadly protests and pressed President Bingu wa Mutharika to respect democratic principles."

AFP: US warns Malawi on aid after riots

AFP: US warns Malawi on aid after riots: "US warns Malawi on aid after riots
(AFP) – 2 hours ago
WASHINGTON — The United States warned Friday it was reviewing a $350 million grant to Malawi after deadly protests and pressed President Bingu wa Mutharika to respect democratic principles."

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
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Globe buys Malawi rare-earths project

PERTH (miningweekly.com) – ASX-listed Globe Metals & Mining has increased its footprint in Malawi with the acquisition of the Salambidwe rare-earths projectT

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

UK puts Malawi aid on hold

UK puts Malawi aid on hold - FT.com: "UK puts Malawi aid on hold
By Andrew England in Johannesburg
Britain has suspended budgetary aid to Malawi, accusing the impoverished African country’s government of failing to address concerns over economic management and human rights abuses."

Nacala, in Mozambique, attracts investment of US$400 million

Nacala, in Mozambique, attracts investment of US$400 million after being named as a special economic area | Macauhub English: "Nacala, in Mozambique, attracts investment of
Maputo, Mozambique, 27 June – The city of Nacala and its outskirts, in Nampula province, in the far north of Mozambique, has attracted investments of US$400 million since it was named as a special economic area three years ago, a source form the Mozambican Finance Ministry told Macauhub."

Vale Starts Study on Coal Terminal at Mozambique’s Deepwater Nacala Port - Bloomberg

Vale Starts Study on Coal Terminal at Mozambique’s Deepwater Nacala Port - Bloomberg:

Vale SA (VALE3), the world’s largest iron ore producer, started studies on building a coal terminal at Nacala port in northern Mozambique, said Rosario Mualeia, chairman of the state-run ports and railways utility."

Resource Star 30% uranium resource boost to 6Mlb at Livingstonia in Africa - Proactiveinvestors (AU)

Resource Star 30% uranium resource boost to 6Mlb at Livingstonia in Africa - Proactiveinvestors (AU): "Resource Star 30% uranium resource boost to 6Mlb at Livingstonia in Africa
Wednesday, June 22, 2011 by John Phillips
Resource Star (ASX: RSL) have boosted by 30% the uranium resource to 6 million pounds at the Livingstonia Uranium Project joint venture in Malawi."

Malawi's IMF programme 'off-track': official | The New Age Online

Malawi's IMF programme 'off-track': official | The New Age Online: "Malawi's IMF programme 'off-track':
The International Monetary Fund programme in Malawi has stalled over policy disagreements and the government's failure to conduct a required review, a fund official said on Tuesday.

IMF representative Ruby Randall was reported as saying that a second review of the $79.4 million (55.3 million euro) Extended Credit Facility approved last year to cushion foreign exchange shortages, was never conducted."

Miner invests $1.5 m in rare earths exploration

Miner invests $1.5 m in rare earths exploration

New Malawi tax measures to hurt investment : industry | Reuters

New Malawi tax measures to hurt investment : industry | Reuters:
LILONGWE (Reuters) - Malawi's new tax measures announced this week are likely to impact foreign direct investment in the southern African nation, the Malawi Confederation of Chambers and Commerce (MCCCI) said on Saturday."

New Malawi tax measures to hurt investment : industry | Reuters

New Malawi tax measures to hurt investment : industry | Reuters:
LILONGWE (Reuters) - Malawi's new tax measures announced this week are likely to impact foreign direct investment in the southern African nation, the Malawi Confederation of Chambers and Commerce (MCCCI) said on Saturday."

World Bank Holds Back $40 Million in Malawi Support on IMF Program Review - Bloomberg

World Bank Holds Back $40 Million in Malawi Support on IMF Program Review - Bloomberg: "World Bank Holds Back $40 Million in Malawi Support on IMF Program Review
The World Bank is holding back $40 million in budget support to Malawi because the country hasn’t completed the review of its program with the International Monetary Fund, the Daily Times reported, citing the bank’s country manager."

EU injects €161 million into Malawi's ailing economy

EU injects €161 million into Malawi's ailing economy:

The European Union, mid last week, announced the approval of €161 million (approximately MWK 34 billion) that will go towards a package of six strategic programmes. This assistance is in line with Malawi's 2010 Annual Action Programme under the 10th European Development Fund (EDF). About €12 million (approximately MKW 2.8 billion) of this money will go towards a new Capacity Building Programme for Trade and Private Sector Development."

Malawi's maize output seen at 3.8 mln T this yr | Reuters

Malawi's maize output seen at 3.8 mln T this yr | Reuters:

LILONGWE (Reuters) - Malawi is expected to harvest 3.8 million tonnes of maize this year, up from 3.5 million reaped in the previous year, despite some dry periods during the season, President Bingu wa Mutharika said on Monda"

Malawi to benefit from Gateway SADC terrestrial rollout plan

Malawi to benefit from Gateway SADC terrestrial rollout plan:
LILONGWE: The next phase of Gateway Communications' terrestrial network project for 2011 has now gone live in Malawi. The supplier of pan-African telecommunications services has connected a fibre optic terrestrial route in-country that will provide capacity via the SEACOM and EASSy sub-sea cables."

Malawi gets high-speed connectivity

Malawi gets high-speed connectivity:


telecoms services provider has connected a fibre-optic terrestrial network in Malawi that aims to provide Internet capacity via Seacom and Eassy sub-sea cables.Mike van den Bergh, CEO of Gateway Communications, says the company aims, in the long-term, to provide affordable and accessible high-quality connectivity for every African country.'"

Malawi's April inflation slows to 7.1 pct y/y

Malawi's April inflation slows to 7.1 pct y/y | Reuters: "Malawi's April inflation slows to 7.1 pct y/y

JOHANNESBURG (Reuters) - Malawi's headline consumer inflation slowed to 7.1 percent year-on-year in April from 7.2 percent in March, the country's National Statistics Office said on Friday."

Britain freezes Malawi aid, chides Mutharika | News by Country | Reuters

Britain freezes Malawi aid, chides Mutharika | News by Country | Reuters: "Britain freezes Malawi aid, chides Mutharika

LILONGWE, May 19 (Reuters) - Britain said on Thursday it had frozen new aid to Malawi pending a review of its ties with the southern African country after the mutual expulsion of diplomats in April.

'The UK is reviewing its relations with Malawi, including DFID's aid programme. New aid commitments are on hold while this review takes place,' the Department of International Development (DfID), Britain's aid arm, said in a statement"

Britain freezes Malawi aid, chides Mutharika | News by Country | Reuters

Britain freezes Malawi aid, chides Mutharika | News by Country | Reuters: "Britain freezes Malawi aid, chides Mutharika
Thu May 19, 2011 4:14pm GMT Print | Single Page [-] Text [+]
* Britain freezes new aid to Malawi

* Diplomats expelled last month

LILONGWE, May 19 (Reuters) - Britain said on Thursday it had frozen new aid to Malawi pending a review of its ties with the southern African country after the mutual expulsion of diplomats in April.

'The UK is reviewing its relations with Malawi, including DFID's aid programme. New aid commitments are on hold while this review takes place,' the Department of International Development (DfID), Britain's aid arm, said in a statement"

Bio Energy of Malawi to Build $18 Million Jatropha Plant, Daily Times Says - Bloomberg

Bio Energy of Malawi to Build $18 Million Jatropha Plant, Daily Times Says - Bloomberg: "Bio Energy of
Bio Energy Resources Ltd. of Malawi plans to build an $18 million plant to produce bio-fuels from jatropha seeds, the Daily Times reported, citing Chief Executive Officer Lourie Webb."

Paladin reports higher nine-month production, sales

Paladin reports higher nine-month production, sales: "Paladin reports higher nine-month production, sales
COMMENT PRINT EMAIL |

By: Esmarie Swanepoel
13th May 2011
 Paladin Energy has recorded a 47% increase in production and a 31% increase in sales for the nine months to March, compared with the same period in 2010."

Mozambique: Nacala Port Key for Mineral Exports

allAfrica.com: Mozambique: Nacala Port Key for Mineral Exports: "The Nacala port and rail system in northern Mozambique can be a major factor in the development of sub-Saharan Africa, according to Roger Agnelli, chairperson of the Brazilian mining giant, Vale.



Speaking to reporters in Moatize, in the central province of Tete, where Vale is operating a gigantic open cast coal mine, Agnelli said that Nacala could not only facilitate the development of Malawi, but could also take the exports of the entire copper belt region of Zambia and the Democratic Republic of Congo. All the necessary production inputs could also be imported via Nacala."

Nacala Railroad in Mozambique due to be concluded by 2014 | Macauhub English

Nacala Railroad in Mozambique due to be concluded by 2014 | Macauhub English: "Nacala Railroad in Mozambique due to be concluded by 2014
MAY 13TH, 2011 NEWS
Maputo, Mozambique, 13 May – Construction of the Nacala Railroad in Mozambique, linking Moatize to the Northern Corridor and providing access to the port of Nacala, is due to be concluded in 2014. It will be the most feasible alternative for coal exports, given the limitations of the Sena Railroad, according to Mozambican daily newspaper, Notícias."

Seed Co. of Zimbabwe to Boost Malawi Production Threefold, Build Plant - Bloomberg

Seed Co. of Zimbabwe to Boost Malawi Production Threefold, Build Plant - Bloomberg: "Seed Co. of Zimbabwe to Boost Malawi Production Threefold, Build Plant

Seed Co. (SEEDCO) Ltd., a Zimbabwean crop-seed company with operations in several African nations, will boost production more than three-fold at its Malawian unit this year, said Alec Kasaila, its spokesman in Malawi.

The Harare-based company will invest 700 million Malawian kwacha ($4.6 million) to build a processing plant in the capital, Lilongwe, Kasaila said in a phone interview today. Production will probably increase to 15,000 metric tons of seed a year from about 4,000 tons, he said."