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Thursday, August 23, 2012

China to build $500 mln, 1,000 MW plant in Malawi


China Gezhouba Group Corp plans to build a $500 million, 1,000 megawatts thermal plant in Malawi, which suffers from frequent power shortages, the minister of energy and mining said on Thursday

Tuesday, August 21, 2012

Malawi’s cotton ban slows Chipata-Mchinji rail use

By Andrew Lungu -

THE move by the Malawian Government to ban importation of cotton from Zambia has led to less usage of the Chipata-Mchinji rail line.
This came to light when a team of Zambian journalists led by Malawian High Commissioner to Zambia Davide Banda toured the rail line last week during commemoration of the Southern African Development Community (SADC) Day.
Central and East African Rail (CEAR) civil engineer Paul Madula said the project had recorded less activities on the Malawian side from the time the Malawian Government last year banned the importation of cotton from Zambia.


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Tuesday, August 14, 2012

Gold Canyon announces Phase ii of Mulanje Rare Earth Project

Gold Canyon Resources Inc. (TSX VENTURE:GCU)(PINKSHEETS:GDCRF) ("Gold Canyon" or "the Company") is pleased to announce Phase II work has begun at its Chambe Basin rare earth elements (REE) project in Malawi, Africa. The Chambe Basin REE Project, covered by a 400 sq km prospecting license, is being explored through a Project Venture Agreement (PVA) between Gold Canyon (33%) and partner, Japan Oil, Gas and Metals National Corporation (JOGMEC; 67%), and belongs to the Company's wholly owned joint venture subsidiary, Spring Stone Limited, a Malawi Corporation. Mitsui Mineral Development Engineering Co., Ltd (MINDECO) of Japan is the contract operator of the program
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Sovereign Metals buys graphite project in Malawi



 - The share price of ASX-listed Sovereign Metals spiked 60% on Tuesday on news that the company would acquire McCourt Mining, which holds the Central Malawi graphite project, in Malawi, in cash and shares.