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

TO READ MORE CLICK HERE

Paladin soothes investor jitters on Malawi comments

Paladin soothes investor jitters on Malawi comments

COMMENTPRINT 

EMAIL   |

By: Esmarie Swanepoel

28th November 2011

Updated 1 hour 20 minutes ago

TEXT SIZE

 

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

TO READ MORE CLICK HERE

Paladin soothes investor jitters on Malawi comments

COMMENTPRINT 

EMAIL   |

By: Esmarie Swanepoel

28th November 2011

Updated 1 hour 15 minutes ago

TEXT SIZE

 

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.

TO READ MORE CLICK HERE

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.

TO READ MORE CLICK HERE

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.

TO READ MORE CLICK HERE

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.

TO READ MORE CLICK HERE

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.
TO READ MORE CLICK HERE

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.
TO READ MORE CLICK HERE

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.
TO READMORE CLICK HERE

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. 

TO READ MORE CLICK HERE

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.