Dhunseri acquires tea estates in Malawi

Kolkata, July 28 (IANS) Kolkata-based Dhunseri Petrochem & Tea Limited (DPTL) has acquired tea estates in f Malawi, the company said in a regulatory filing.

The company was in discussions with third parties to acquire tea estates overseas.

DPTL, through its wholly-owned subsidiary Dhunseri Petrochem and Tea Pvt Ltd, has agreed to buy out 100 percent share capital of Makandi Tea and Coffee Estates Ltd and Kawalazi Estate Company Ltd from London-based Global Tea and Commodities Ltd by executing a share purchase agreement (SPA), the company informed Bombay Stock Exchange (BSE) Friday.

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Paladin Energy turns the corner

By: The following article is reprinted with permission from CMJ's sister publication The Northern Miner.

2012-07-18

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Despite two months of unplanned shutdowns to upgrade the plant and complete remediation work due to land movement at its Kayelekera open pit uranium mine in Malawi, Paladin Energy still managed to increase production there by 14% in the fiscal year ended June 30, at the same time the junior boosted production 25% year-on-year at its Langer Heinrich open pit mine in Namibia.

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Moatize-Nacala railway will carry passengers

Maputo, Mozambique --- 17 July 2012 - The future railway linking the Moatize coal region in Mozambique’s Tete province to the port of Nacala in Nampula province, will also provide facilities to cater for passengers, as well as miscellaneous cargo.

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Globe secures funding for Kenyika

 

PERTH (miningweekly.com) - ASX-listed Globe Metals & Mining has received a letter of intent (LOI) from the China Development Bank to provide a credit facility to Globe to finance its $220-million Kanyika niobium project, in Malawi.

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Malawi central bank raises benchmark rate to 21 pct

BLANTYRE (Reuters) - Malawi's central bank has raised its benchmark interest rate to 21 percent from 16 percent, trying to put the economy on a more stable footing after a sharp devaluation of its kwacha currency.

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Mkango Resources reports positive drill results from Songwe rare earth project

The Mkango Resources company today unveiled the results for a further five holes drilled as part of the Stage 2 programme at Songwe.has continued to intersect broad zones of rare earth mineralisation at its Songwe project in Malawi. All of these holes have intersected zones of broad mineralisation from near surface including zones of elevated heavy rare earth enrichment with the company noting that the consistency of results to date is “very encouraging”.

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NuEnergy wins Malawi licence

Australia-listed NuEnergy Gas has been awarded a prospecting licence over a 34,600 hectare block in Malawi by the nation’s government, the company has announced.

NuEnergy will search for coal bed methane and shale gas in licence EPL0360/12, located in the nation’s south, over a period of three years, the company told the Australian Securities Exchange.

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Broking firm Marsh buys Malawi operations

GLOBAL broking and risk management company Marsh has bought Alexander Forbes Risk Services’ operations in Malawi for an undisclosed amount.

Providers of risk and insurance solutions are trawling sub-Saharan Africa for opportunities in response to the wave of investor interTO READMORE CLICK HEREest in the region, lured by the high growth rates of more than 7% in some countries in the region.

Globe Metals & Mining Acquire Advanced Graphite Asset in Malawi

Wednesday , 04 Jul 2012 Globe Metals & Mining 

Globe Metals and Mining ("Globe" or the "Company"; ASX: GBE) is delighted to announce that it has entered into an agreement to acquire the Chiziro Project, an advanced graphite project in Malawi

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Mozambique moves ahead on rail construction

Maputo, Mozambique --- 06 July 2012 - In another move towards improving transport infrastructure for the steadily growing mining industry of Mozambique, the government has awarded the concession for construction of  the Moatize/Malawi railway and the Nacala-a-Velha branch line to the Integrated Northern Logistics Corridor (CLIN).

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