Uranium miners upbeat on China growth

Uranium miners upbeat on China growth - FT.com: "Uranium miners upbeat on China growth
By Lucy Hornby and Henry SandersonAuthor alerts

©Bloomberg
A rail truck of uranium ore extracted in the Czech Republic
China’s expansion of nuclear power plants is giving hope to uranium miners after several dark years but prices are still far from the point that would allow mining activity to pick up again."



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Budget implementation on track—Goodall

Budget implementation on track—Goodall - BNL Times: "The 2014/15 budget implementation is said to be on track as the government has played down fears on fiscal pressure despite the kwacha depreciation and the rising inflation rate.

Some economic commentators have noted that the government is currently struggling with the budget implementation."



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Crown Pharma to start drug production in three months - BNL Times

Crown Pharma to start drug production in three months - BNL Times: "Crown Pharmaceuticals and Research Laboratories Limited has said it will start producing medical drugs in the next three months.

Crown Pharmaceuticals currently produces products like chlorine, Methylated spirit, and baby powder and petroleum jerry."



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Mitsui confirms acquisition of stake in Vale’s Mozambique coal assets

Mitsui confirms acquisition of stake in Vale’s Mozambique coal assets: "Mitsui pays US$763 million for stakes in Vale’s Mozambique coal assets
Japan’s second-largest trading house, Mitsui & Co., has agreed to pay US$763 million for stakes in mining giant Vale’s Mozambique coal assets."



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Nacala International Airport, Mozambique, inaugurated on 13 December | Macauhub English

Nacala International Airport, Mozambique, inaugurated on 13 December | Macauhub English: "



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Nacala International Airport, Mozambique, inaugurated on 13 December
NOVEMBER 28TH, 2014   NEWS
Mozambique’s Nacala International Airport will be inaugurated on 13 December, said the country’s Minister for Transport and Communications after a visit to the project under construction by Brazilian group Odebrecht"



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Mozambique tests capacity on new railway line - business - News - StarAfrica.com

Mozambique tests capacity on new railway line - business - News - StarAfrica.com: "Mozambique´s Ports and Railways company, CFM has railed a train between Moatize city in coal-rich Tete province and Nacala-a-Velha in the nothern Nampula province, carrying a variety of cargo in order to test the line, local media reported on Saturday.The railway will transport coal mined in Moatize, Tete province, to the port under construction in Nacala, built as part of the $300 million project owned by Northern Integrated Logistics Corridor (CLN), wth Brazilian group Vale and CFM as shareholders."



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Export Development Fund secures US$150m credit line - BNL Times

Export Development Fund secures US$150m credit line - BNL Times: "The Export Development Fund (EDF) has secured a US$150 million line of credit from Afrexim Bank, a Pan African trade and investment financing institution to finance export ventures in the country, officials at the institution have confirme"



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Abu Dhabi Fund rebuffs Malawi - BNL Times

Abu Dhabi Fund rebuffs Malawi - BNL Times: "The Abu Dhabi Fund for Development has snubbed the Malawi Government on implementing other development projects in the country until the government completes the Jenda – Edingeni road project in Mzimba"



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Abu Dhabi Fund rebuffs Malawi - BNL Times

Abu Dhabi Fund rebuffs Malawi - BNL Times: "The Abu Dhabi Fund for Development has snubbed the Malawi Government on implementing other development projects in the country until the government completes the Jenda – Edingeni road project in Mzimba"



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Paladin banks on higher prices - The West Australian

Paladin banks on higher prices - The West Australian: "UPDATE 1.40pm: Paladin Energy is banking on a continued upswing in the price of uranium from its eight-year low of $US28 a pound earlier this year.

The uranium producer's chairman Rick Crabb told long-suffering shareholders at the company's annual general meeting today the recent upswing in the uranium price to $US43 a pound had provided some welcome relie"



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Paladin banks on higher prices - The West Australian

Paladin banks on higher prices - The West Australian: "UPDATE 1.40pm: Paladin Energy is banking on a continued upswing in the price of uranium from its eight-year low of $US28 a pound earlier this year.

The uranium producer's chairman Rick Crabb told long-suffering shareholders at the company's annual general meeting today the recent upswing in the uranium price to $US43 a pound had provided some welcome relie"



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Chinese private equity buys Paladin stake | dailytelegraph.com.au

Chinese private equity buys Paladin stake | dailytelegraph.com.au: "A CHINESE private equity firm is buying a 15 per cent stake in Paladin Energy as part of a $205 million capital raising by the Australian uranium miner.

HOPU will spend $61 million on its stake in Paladin as the Perth-based miner undertakes a capital raising to help shore up its balance sheet"



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Mkango Resources climbs on prefeasibility study

Mkango Resources climbs on prefeasibility study: "It’s a little unusual for a Canadian junior to skip a preliminary economic assessment and proceed to the prefeasibility stage, but that strategy seems to have worked for Calgary-based Mkango Resources (TSXV: MKA), judging by the share-price appreciation it enjoyed after releasing prefeasibility numbers for its rare earth element (REE) project in southern Malawi."



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Government suspends oil exploration - BNL Times

Government suspends oil exploration - BNL Times: "Government has asked all companies involved in oil and gas exploration in the country to cease their operations with immediate effect to give way to a review process currently underway.

A press release issued by the Ministry of Natural Resources, Energy and Mining says government is reviewing all licenses previous governments gave to companies to explore oil in the country to determine the manner in which the licenses were given and the procedures that were followed."



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uranium prices pushing towards 50

1 Month Uranium Prices and Price Chart: "

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6 Month Uranium Prices and Price Chart

6 Month Uranium Prices and Price Chart: "

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Uranium prices over US$40

1 Month Uranium Prices and Price Chart: "

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allAfrica.com: Zimbabwe: Seed Co Invests U.S$25 Million in External Markets

allAfrica.com: Zimbabwe: Seed Co Invests U.S$25 Million in External Markets: "SEED Co has invested more than $25 million in external markets in the last three years, with close to half the capital spent in Malawi on a seed processing plant with capacity to produce about 60 000 metric tonnes per annum at 160 tonnes a day"



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1 Month Uranium Prices and Price Chart

1 Month Uranium Prices and Price Chart: "Embed "



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Uranium Spot Prices Could Rise Above $50/lb in 12 Months, Says H.C. Wainwright (URZ) (UEC) (URG)

Uranium Spot Prices Could Rise Above $50/lb in 12 Months, Says H.C. Wainwright (URZ) (UEC) (URG): "H.C. Wainwright analyst Jeffrey Wright thinks uranium spot prices could rise above $50 per lb in the next twelve months. The reported noted a positive decision regarding the restart of two Japanese nuclear reactors, which could alleviate psychological pressures on the uranium market"



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Seed co completes US$10m factory project - BNL Times

Seed co completes US$10m factory project - BNL Times: "Hybrid seed producer, Seed Co Malawi has completed construction of a US$10 million new factory in Lilongwe to be officially launched next week.

Seed Co Managing Director Dellings Phiri said the new factory is a mile stone for the company after clocking 14 years in the country."



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1 Year Uranium Prices and Price Chart

1 Year Uranium Prices and Price Chart: "

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ZRL to start ferrying copper to Nacala - Zambia Daily MailZambia Daily Mail

ZRL to start ferrying copper to Nacala - Zambia Daily MailZambia Daily Mail: "KELVIN CHONGO, Lusaka
ZAMBIA Railways Limited (ZRL) plans to start transporting copper from North-Western and Copperbelt Provinces to the Port of Nacala in Mozambique using the Mchinji-Nacala railway line.
ZRL plans to connect North-Western Province to its railway network to cater for mining companies in the region"



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Mkango Resources climbs on prefeasibility study

Mkango Resources climbs on prefeasibility study: "Mkango climbs on Malawi's REE potential

TEXT SIZE  By: Trish Saywell
2014-10-15
It’s a little unusual for a Canadian junior to skip a preliminary economic assessment and proceed to the prefeasibility stage, but that strategy seems to have worked for Calgary-based Mkango Resources (TSXV: MKA), judging by the share-price appreciation it enjoyed after releasing prefeasibility numbers for its rare earth element (REE) project in southern Malawi."



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African Mining

African Mining: "Sovereign Metals Limited has released an update on its Maiden JORC Mineral Resource estimate from the Duwi project in Malawi. 

The Total Indicated and Inferred Mineral Resource estimate at Duwi included 86 million tonnes at 7.1% total graphic carbon containing 6.13 million tonnes of graphite."



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Sovereign Metals announces Duwi Trend in Malawi as one of the world’s largest graphite deposits | Mining in Malawi

Sovereign Metals announces Duwi Trend in Malawi as one of the world’s largest graphite deposits | Mining in Malawi: "Last week, Sovereign Metals announced mineral estimates at its Duwi Trend in the Central Malawi Graphite Project in Lilongwe District. The project has one of the largest, high-grade, flake graphite deposits in the world according to the maiden JORC Mineral Resource estimate."



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Globe Metals & Mining Completes Demonstration Plant for Kanyika Niobium Project in Malawi | Mining in Malawi

Globe Metals & Mining Completes Demonstration Plant for Kanyika Niobium Project in Malawi | Mining in Malawi: "Today Globe Metals and Mining, an Australian-listed company, announced the completion of the Kanyika demonstration pilot plant at Guangzhou Research Institute of Non‐Ferrous Metals (GZRINM). The company sent a 40-tonne bulk sample from the Kanyika Niobium Project in Mzimba, northern Malawi, to China for the metallurgical pilot plant programme in early 2014."



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‘Business environment still poor’ - BNL Times

‘Business environment still poor’ - BNL Times: "Minister of Industry and Trade Joseph Mwanamvekha says there are strong indications that Malawi will perform poorly again on the World Bank Doing Business Index 2015 to be released soon.

Addressing economists during the annual Economics Association of Malawi (Ecama) conference in Mangochi on Friday, Mwanamvekha said after a meeting with World Bank officials, it has transpired that Malawi’s business environment has not improved much since the last assessment was done."



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Escom generators to add 46 megawatts - BNL Times

Escom generators to add 46 megawatts - BNL Times: "Escom Chief Executive Officer John Kandulu says plans are underway to procure generators to add 46 megawatts to the national grid as part of efforts to address current load shedding affecting some parts of the country."



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New Lake Malawi vessel to begin operations in November - business - News - StarAfrica.com

New Lake Malawi vessel to begin operations in November - business - News - StarAfrica.com: "You Are Here: Home » business » New Lake Malawi vessel to begin operations in November
New Lake Malawi vessel to begin operations in November
Posted by: APA Posted date : October 6, 2014 at 10:54 am UTC 174 views In: Business
Malawi Shipping Company and Mota Engil have disclosed that its new 120-passenger MV Chilembwe will begin ferrying passengers on Lake Malawi in November.Mota Engil managing director Jose Denis Da Silva told Capital Radio on Monday that the two partners are currently training crew for the ship before it begins operations."



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Malawi September inflation at 23.7 percent year-on-year: NSO | Reuters

Malawi September inflation at 23.7 percent year-on-year: NSO | Reuters: "JOHANNESBURG (Reuters) - Malawi's headline consumer inflation slowed to 23.7 percent year-on-year in September, from 24.5 percent in August, influenced by a decrease in the cost of cereals and in fuel prices, the statistics office said on Saturday."



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Former Malawi budget director arrested on corruption charges | P.M. NEWS Nigeria

Former Malawi budget director arrested on corruption charges | P.M. NEWS Nigeria: "Former Malawi budget director Paul Mphwiyo and his wife were on Saturday arrested on charges of theft, money laundering and obstructing the course of justice, the Anti-Corruption Bureau said."



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Globe Metals & Mining trenches broad graphite in Malawi - Proactiveinvestors (AU)

Globe Metals & Mining trenches broad graphite in Malawi - Proactiveinvestors (AU): "Globe Metals & Mining (ASX:GBE) should trade firmer after intersecting 253 metres of graphite grading 5.4% TGC during trenching at its Chiziro project in Malawi.

Five of the eight trenches with received assays intersected more than 25 metres of graphite mineralisation and greater than 8% TGC, and three trenches demonstrated intersections of more than 100 metres at a grade exceeding 5% TGC.
"



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Business Archives - BNL Times

Business Archives - BNL Times: "Malawi government says the country is losing an estimated US$48 million annually through transfer pricing, under declaration and tax evasion on exports of agricultural commodities. Minister of Industry and Trade Joseph Mwanamvekha says his ministry will closely monitor the situation"



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Budget passes - BNL Times

Budget passes - BNL Times: "Parliament on Friday passed the 2014/2015 zero-aid budget which has been pegged at K737 billion down from K742.8 billion as originally presented by Finance Minister Goodall Gondwe some three weeks ago.

The financial plan was given a nod after amendments to four votes of the National Assembly, the Judiciary, the National Local Government Finance Committee and the Accountant General’s Department."



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Malawi Airlines connects Zim and Moz

Malawi Airlines connects Zim and Moz: "MALAWI Airlines has said it will launch a service connecting the three southern Africa countries of Malawi, Mozambique and Zimbabwe effective November 1"



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Mkango releases results of PFS at Malawi rare earths play

Mkango releases results of PFS at Malawi rare earths play: "OHANNESBURG (miningweekly.com) – A prefeasibility study (PFS) at Toronto-listed Mkango Resources’ Songwe Hill rare earth project, in Malawi, has supported the declaration of a maiden probable mineral reserve estimate of 8.5-million tons and has indicated a net present value of $293-million, based on rare earth oxide (REO) prices of $55/kg."



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AHCX targets crop exports at US$200m - BNL Times

AHCX targets crop exports at US$200m - BNL Times: "he AHL Commodities Exchange (AHCX) has projected exports of various commodities through the exchange this year to reach US$200 million, a 2000 percent rise from last year when only US$2 million in commodities were exported."



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Tobacco Earnings Stagnate

Tobacco Earnings Stagnate: "LILONGWE: Earnings from Malawi’s major cash crop, tobacco, have this year stagnated at $361.5 million, an equivalent of K145 billion which is almost similar to last year’s $361 million the forex-starved Malawi economy earned in 2013"



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Paladin touches 5-week low after lowering September quarter forecast - Proactiveinvestors (NA)

Paladin touches 5-week low after lowering September quarter forecast - Proactiveinvestors (NA): "Paladin Energy (TSE:PDN) fell to the lowest in five weeks after the Africa-focused uranium miner said its production levels for the September quarter would be almost 25 percent lower than expected."



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Globe Metals & Mining trenches broad graphite in Malawi -

Globe Metals & Mining trenches broad graphite in Malawi - Proactiveinvestors (AU): "Globe Metals & Mining (ASX:GBE) should trade firmer after intersecting 253 metres of graphite grading 5.4% TGC during trenching at its Chiziro project in Malawi.

Five of the eight trenches with received assays intersected more than 25 metres of graphite mineralisation and greater than 8% TGC, and three trenches demonstrated intersections of more than 100 metres at a grade exceeding 5% TGC"



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Egyptian Investors’ Visit Spark Excitement For Malawi’s Tobacco Fortunes

Ventures Africa | Egyptian Investors’ Visit Spark Excitement For Malawi’s Tobacco Fortunes: "VENTURES AFRICA – The Malawi’s Tobacco Control Commission (TCC) says its tobacco industry is set for a major boost following the visit of a group of 16 Egyptian tobacco investors who where on ground recently to explore local opportunities"



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Egyptian investors happy with Malawi - BNL Times

Egyptian investors happy with Malawi - BNL Times: "he Egyptian delegation which is currently in the country to explore investment opportunities in the tobacco sector has said it is impressed with the outcomes of meetings held with various government officials.

The delegation, comprising officials from the tobacco sector in Eastern Egypt and Nile Valley, say they expect to come back soon to commence investment operations in the country."



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Reserve Bank of Malawi expects growth of manufacturing sector - BNL Times

Reserve Bank of Malawi expects growth of manufacturing sector - BNL Times: "The Reserve Bank of Malawi says it expects the country’s manufacturing sector to grow by 5.5 percent this year.

In its 2013 Economic Report released last week, RBM says a strong performance in manufacturing could come from growth in agriculture as well as continued fuel and forex availability."



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Malawi’s mineral wealth on show – Mining Review (August 2014) | Mining in Malawi

 Intra Energy, Mining Review (Marcel Chimwala), Paladin Kayelekera. ·
The piece “Malawi’s mineral wealth on show” featured below was initially published in Malawi’s Mining Review Issue Number 15 2014 that was circulated in August 2014"



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Globe Metals & Mining trenches broad graphite in Malawi - Proactiveinvestors (AU)

Globe Metals & Mining trenches broad graphite in Malawi - Proactiveinvestors (AU): "Globe Metals & Mining (ASX:GBE) should trade firmer after intersecting 253 metres of graphite grading 5.4% TGC during trenching at its Chiziro project in Malawi.

Five of the eight trenches with received assays intersected more than 25 metres of graphite mineralisation and greater than 8% TGC, and three trenches demonstrated intersections of more than 100 metres at a grade exceeding 5% TGC."



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Will Uranium Prices Continue to Surge? | The Motley Fool Canada

Will Uranium Prices Continue to Surge? | The Motley Fool Canada: "Over the past few weeks, without anyone seeming to notice, uranium prices have crept up by $3.50 per pound. How has this happened? Is this just the beginning of a major uptick? And how should you react?"



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Will Uranium Prices Continue to Surge? | The Motley Fool Canada

Will Uranium Prices Continue to Surge? | The Motley Fool Canada: "Over the past few weeks, without anyone seeming to notice, uranium prices have crept up by $3.50 per pound. How has this happened? Is this just the beginning of a major uptick? And how should you react?"



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Uranium Reaches $34 a Pound; Rally Unlikely to Last | Uranium Investing News

Uranium Reaches $34 a Pound; Rally Unlikely to Last | Uranium Investing News: "
The uranium spot price just keeps on ticking. So far in September, U3O8 has inched its way back to $34, a $1.25 jump from last week’s spot price of $32.75. While the recent price spike is certainly a welcome sight for the market, which has been waiting for prices to pick up in the years since the Fukushima nuclear disaster, some are not convinced the gain will last."



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Uranium prices now at USD34

1 Month Uranium Prices and Price Chart:



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Malawi : Malawi govt plans integrated cotton & textile industry - Textile News Malawi

Malawi : Malawi govt plans integrated cotton & textile industry - Textile News Malawi: "The Government of Malawi is planning to set up an integrated cotton and textile industry in the country, bnltimes reported.

The Minister of Industry and Trade, Joseph Mwanamvekha said the merged set up will help the cotton industry in Malawi to incorporate several industrial processes like ginning, spinning, weaving and garments manufacturing."



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Tanzania and World Bank sign US$565 million deal to expand port | eNCA

Tanzania and World Bank sign US$565 million deal to expand port | eNCA: "DAR ES SALAAM - Tanzania signed a US$565 million deal on Friday with the World Bank and other development partners to expand its main port of Dar es Salaam, part of plans to boost the east African nation's role as a regional trade hub."



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Malawi Government to establish integrated cotton and textile industry - BNL Times

Malawi Government to establish integrated cotton and textile industry - BNL Times: "The Ministry of Industry and Trade has said it plans to facilitate the establishment of an integrated cotton and textiles industry in the country.

Minister of Industry and Trade Joseph Mwanamvekha said the integrated cotton and textiles industry will ensure that the cotton industry incorporates several industrial processes such as ginning, spinning, weaving and garments manufacturing."



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Malawi imports increased, wiped export gains - BNL Times

Malawi imports increased, wiped export gains - BNL Times: "Although Malawi’s exports increased by 8.6 percent in 2013, imports grew twice as much as the exports, widened the country’s trade deficit even further, according to the latest Malawi government Economic Report released on Tuesday as part of Finance Minister Goodall Gondwe’s budget statement to Parliament."



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Malawi cancels arms deal with South African firm: report

Malawi cancels arms deal with South African firm: report: "BLANTYRE: Malawi's new government has cancelled a $145 million arms deal with South Africa's Paramount Group, Finance Minister Goodall Gondwe told Saturday's Nation newspaper.
"The agreem"



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Uranium prices are on their way up

Uranium prices are on their way up.

1 Month Uranium Prices and Price Chart:



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The Maravi Post - malawi-fuel-pump-prices-reduced-business-and-development maravipost.com

The Maravi Post - malawi-fuel-pump-prices-reduced-business-and-development maravipost.com: "BLANTYRE (MaraviPost)--The Malawi Energy Regulatory Authority (MERA has reduced pump prices for petrol, diesel and other petroleum products effective Thursday.


Petrol will now be selling at K796.20 from K839 per litre; diesel at K805.50 from K853.40 per litre. The price for paraffin remains at K719.30."



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Paladin waiting for price rebound to reopen Malawi uranium mine

Paladin waiting for price rebound to reopen Malawi uranium mine: "PERTH (miningweekly.com) – Uranium miner Paladin Energy would spend some A$16-million a year on its Kayelekera mine, in Malawi, to ensure that the operation was ready to resume production once the uranium price rebounded."



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Mkango Resources CEO WIlliam Dawes Rare Earth Project Malawi (TSX-V:MKA) | Rare Earth Investing News

Mkango Resources CEO WIlliam Dawes Rare Earth Project Malawi (TSX-V:MKA) | Rare Earth Investing News: "Mkango Resources CEO WIlliam Dawes Rare Earth Project Malawi (TSX-V:MKA)
Tuesday June 10, 2014, 8:11am PDT
Mkango Resources (TSXV:MKA) CEO WIlliam Dawes spoke to Resource Investing News at the Canadian Investor Conference in Vancouver about the Songwe Hill Rare Earth Element Project in Malawi."



'via Blog this'

The Maravi Post - malawi-govt-ban-export-of-maize-opinion maravipost.com

The Maravi Post - malawi-govt-ban-export-of-maize-opinion maravipost.com: "The Ministry of Industry and Trade wishes to remind all businesses, exporters and the general public that the export of maize and maize products was banned "



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Multimillion Kwacha IT traffic project questioned | BiztechAfrica Mobile,Technology & IT News Africa

Multimillion Kwacha IT traffic project questioned | BiztechAfrica Mobile,Technology & IT News Africa: "Players in the transport system have questioned the Malawi government’s decision to settle for MOVESA and Fischer Consortium as the eligible bidder to upgrade of the Malawi Traffic Information System (Maltis)."



'via Blog this'

allAfrica.com: Malawi: MP Refuses to Sign Agreement With Mota Engil Contractor

allAfrica.com: Malawi: MP Refuses to Sign Agreement With Mota Engil Contractor: "Machinga — Independent Member of Parliament for Machinga East, Esther Jolobala refused to sign a Memorandum Of Understanding (MOU) on repairing of Mtalala -Nayuchi road with Mota Engil currently working on Liwonde Nauchi railway line."



'via Blog this'

Britannia Fast Tracks Route to Revenues - Yahoo Finance

Britannia Fast Tracks Route to Revenues - Yahoo Finance: "NEW YORK, NY--(Marketwired - Aug 13, 2014) - Britannia Mining, Inc. (OTC Pink: BMIN) (PINKSHEETS: BMIN) ("Britannia" or the "Company"), a UK based mining development Company, announced today, that Britannia has successfully fast tracked revenues for 2014 -- advancing from exploration operations in Malawi to trading immediate ready mined iron ore stock piles secured by bona fide distribution agreements in Malaysia"



'via Blog this'

allAfrica.com: Malawi: Salima Sugar Processing Plant Taking Shape

allAfrica.com: Malawi: Salima Sugar Processing Plant Taking Shape: "By Memory Kutengule
Blantyre — Government says the sugar processing factory currently being constructed in Salima is progressing well as evidenced by 50 percent of the work almost done.

Ministry of Finance Public Relations Officer, Nations Msowoya disclosed this in an interview with the Malawi News Agency (Mana) on Friday."



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Paladin Energy Ltd: Year End June 2014 Conference Call and Investor Update-August 29, 2014 - Yahoo Finance UK

Paladin Energy Ltd: Year End June 2014 Conference Call and Investor Update-August 29, 2014 - Yahoo Finance UK: "PERTH, WESTERN AUSTRALIA--(Marketwired - Aug 22, 2014) - Paladin Energy Ltd (PDN.TO)(PDN.AX) ("Paladin" or the "Company") announces that the Company will hold a telephone conference in conjunction with an Online Slide Show at 06:30 Perth and 06:30 Hong Kong on 29 August 2014 and 18:30 Toronto and 23:30 London on 28 August 2014, to give an update on the Company's activities."



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Global Metals awaits mining license

Global Metals awaits mining license: "The management of Australian listed Global Metals and Mining Limited is still waiting for finalization of negotiations with energy authorities to start niobium and graphite mining projects.
The company has been exploring minerals across the country with high positive results at Kanyika in Mzimba and Chiziro in the central region.

By June this year, the company had shipped off 40 tones of bulk sample to China for tests at the Guangzhou research institute of Non-Ferrous metal.

Information sourced by Capital FM shows that the company awaits the completion of tests and circuit optimization in the third quarter of the year.

The company is expected to run four projects in the country with focus on metals and rare earth."



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Demand for tea low - BNL Times

Demand for tea low - BNL Times: "Tea sales at the Limbe auction and the major auction hub in Mombasa, Kenya last week experienced decreasing demand – with some stocks finishing the week without being sold, according to the Africa Tea Brokers Limited weekly report"



'via Blog this'

Malawi Hopes For IMF Deal - Bloomberg TV Africa

Malawi Hopes For IMF Deal - Bloomberg TV Africa: "August 18 – Malawi is hoping to reach an agreement with the International Monetary Fund by November as it struggles to pay its bills after donors cut aid. Benefactors have in the past financed 40 percent of the country’s budget."



'via Blog this'

Malawi Economy 2014: Recent Developments and Prospects | Afribiz.info

Malawi Economy 2014: Recent Developments and Prospects | Afribiz.info: "Malawi is emerging from two consecutive years of a slowdown in growth caused by exogenous shocks, exacerbated by slippage in macroeconomic policies and suspension of donor budget support because of governance concerns. Real GDP growth rebounded to 5% in 2013, from 1.8% in 2012. The strong growth in 2013 was underpinned by the recovery of growth in agriculture, manufacturing, construction, and wholesale and retail trade."



'via Blog this'

Unemployment rate at 20% - BNL Times

Unemployment rate at 20% - BNL Times: "Latest statistics from National Statistical Office (NSO) show that unemployment rate in the country is now at 20 percent its first labour force survey report titled, “The 2013 Malawi Labour Force Survey” NSO puts the total employment rate, which includes formal and informal workers, at 80 percent."



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Reserve Bank of Malawi firms policy rate management - BNL Times

Reserve Bank of Malawi firms policy rate management - BNL Times: "The Reserve Bank of Malawi (RBM) has issued a public notice that it shall no longer borrow money from the market at above the 22.5 percent monetary policy rate.

A money market analyst has since described the RBM move as a message to the market on the need to respect the policy rate as well as a signal that interest rates are too high and need to be managed downwards."



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MWFinancial Mirror (malawifp) on Twitter

MWFinancial Mirror (malawifp) on Twitter:



'Malawi  will learn from veteran mining countries

MWFinancial Mirror (malawifp) on Twitter

MWFinancial Mirror (malawifp) on Twitter:



'Malawi  will learn from veteran mining countries

Uranium Price Finally Makes an Upward Move | Uranium Investing News

Uranium Price Finally Makes an Upward Move | Uranium Investing News: "
It’s news that’s almost worth writing home about! Uranium investors will be pleased to note that the uranium spot price showed some signs of life this week. U3O8 prices have managed to claw their way up to $30 for the first time since late spring"



'via Blog this'

Uranium Price Finally Makes an Upward Move | Uranium Investing News

Uranium Price Finally Makes an Upward Move | Uranium Investing News: "
It’s news that’s almost worth writing home about! Uranium investors will be pleased to note that the uranium spot price showed some signs of life this week. U3O8 prices have managed to claw their way up to $30 for the first time since late spring"



'via Blog this'

World Bank Grants Malawi $80 m for Development

World Bank Grants Malawi $80 m for Development: "The World Bank and the Malawi government have sealed a deal for an $ 80 million grant to be spent on a string of development projects in the country.

Malawi finance minister Goodal Gondwe and World Bank resident representative Laura Kullenberg signed the pact on behalf of the two sides Wednesday in the Malawi capital, Lilongwe"



'via Blog this'

US investors head to Malawi - BNL Times

US investors head to Malawi - BNL Times: "US investors head to Malawi

AUGUST 13, 2014   THOM KHANJE   NO COMMENTS

The Washington DC-based Millennium Challenge Corporation (MCC) has mobilized a group of prospective energy sector investors in the United States of America to come and explore opportunities in Malawi.

Minister of Energy Atupele Muluzi disclosed this in an interview in Washington DC – last week, after meeting MCC Vice President, Kamran Khan, on the sidelines of the US-Africa Leaders Summit"



'via Blog this'

Malawi Financial inclusion rises to 54 percent - BNL Times

Malawi Financial inclusion rises to 54 percent - BNL Times: "Malawi Financial inclusion rises to 54 percent

AUGUST 12, 2014   KINGSLEY JASSI   NO COMMENTS

The country’s financial inclusion has increased from 45 percent to 54 percent in the past five years, buoyed by the government policy to allow civil servants access salaries through banks, the latest FinMark Trust’s Finscope survey report has shown."



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Malawi Employers owe Teveta K3billion - BNL Times

Malawi Employers owe Teveta K3billion - BNL Times: "Malawi Employers owe Teveta K3billion

AUGUST 12, 2014   KINGSLEY JASSI   NO COMMENTS

The Technical Entrepreneurial and Vocation Education and Training Authority (Teveta) is grappling with financial woes that have crippled its function of supplying the economy with skilled labour force due to non-payment of levy by employers.

The law has it that all employers, including government, should be levied 1 percent of their total wage bills to finance the functions of Teveta, but defaults have totaled over K3 billion.

Government alone is yet to pay K2.6 billion to the authority while many companies fail to comply and plans are underway to have the levy collected by Malawi Revenue Authority (MRA).

The concerns were presented by Teveta Acting Executive Director Wilson Makulumiza to the Minister of Labour and Manpower Development Henry Mussa who met Teveta officials on Friday at Teveta House in Lilongwe.

The levy issue is limiting the functions of Teveta which has less than half of the required technical staff and is far from thinking of constructing its own college required t o train technical college instructors."



'via Blog this'

MCP wants Malawi fertiliser subsidy redisigned | Malawi Nyasa Times – Malawi breaking news in Malawi

MCP wants Malawi fertiliser subsidy redisigned | Malawi Nyasa Times – Malawi breaking news in Malawi:



'via Blog this'

Southern Times -Malawi--Tanzania-move-towards-One-Stop-Border-Post--

Southern Times -Malawi--Tanzania-move-towards-One-Stop-Border-Post--: "The Southern African Development Community’s quest to facilitate trade and free movement of goods and services continues to gather momentum, with two more countries from the region moving closer to opening another one-stop border post. "



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Malawi Signs $104 Million Deal With AfDB | AFKInsider

Malawi Signs $104 Million Deal With AfDB | AFKInsider: "The African Development Bank (AfDB) and Malawi have signed three development agreements valued at US$104 million in the capital Lilongwe.The agreements cover rural water and sanitation infrastructure for improved health and livelihoods, a project to develop the Nacala Road Corridor and the feasibility study for the Lower Shire Watercourse Project."



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Mozambique takes delivery of locomotives to carry coal from Tete to Nacala | Macauhub English

Mozambique takes delivery of locomotives to carry coal from Tete to Nacala | Macauhub English: "Mozambique takes delivery of locomotives to carry coal from Tete to Nacala
AUGUST 1ST, 2014   NEWS
Mozambican company Corredor Logístico Integrado do Norte (CLIN) has announced the arrival of the first ten locomotives from General Electric (GE) to carry coal from Moatize, in the Mozambican province of Tete, to the port of Nacala, on a journey of around 900 kilometres, according to Mozambican daily newspaper Notícias"



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Malawi firm ready for meat exports - BNL Times

Malawi firm ready for meat exports - BNL Times: "Superior Halaal Group, a fresh foods company, has invested in new machinery that will allow it to start exporting processed beef. Superior Halaal Chief Executive Officer Esa Arab said in an interview that the company is now able to produce high quality beef that meets international standards"



'via Blog this'

Sovereign Metals hits more graphite in Malawi - Proactiveinvestors (AU)

Sovereign Metals hits more graphite in Malawi - Proactiveinvestors (AU): "Sovereign Metals (ASX:SVM) should trade higher after the discovery of a new zone of high-grade flake graphite mineralisation at Duwi in Malawi

The new zone, named Duwi Bend, was discovered by mapping and rock-chip sampling followed by a recently completed trench along an excavated road cutting"



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Atupele Muluzi hired cabinet Minister as Mutharika names full Cabinet list

Atupele Muluzi hired cabinet Minister as Mutharika names full Cabinet list: "Atupele Muluzi hired cabinet Minister as Mutharika names full Cabinet list
By: Malawi News Agency on June 22, 2014.

Atupele Muluzi
 


Atupele Muluzi
In exercise of the powers conferred upon the president by section 92(1) as read with section 94(1) of the Constitution of the Republic of Malawi, it has pleased His Excellency Professor Arthur Peter Mutharika, President of the Republic of Malawi, to appoint the following additional members of the cabinet with effect from 22nd June, 2014."



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(MKTW) Mkango Resources Announces 8 Million Rand (C$835,000) Grant from the South African Department of Trade and Industry - WSJ.com

(MKTW) Mkango Resources Announces 8 Million Rand (C$835,000) Grant from the South African Department of Trade and Industry - WSJ.com: "Mkango Resources Announces 8 Million Rand (C$835,000) Grant from the South African Department of Trade and Industry

CALGARY, ALBERTA--(Marketwired - May 26, 2014) - Mkango Resources Ltd. (TSX VENTURE:MKA) (the "Corporation" or "Mkango") is pleased to announce that the South African Department of Trade and Industry (DTI) has approved a grant of R7,967,804 (Cdn$835,000) to the Company under its Capital Projects Feasibility Programme. The grant will be dispersed to the Company between June 2014 and March 2015 as the Company meets certain milestones in relation to a number of activities including environmental and social impact studies, mine planning, design of the processing plant and tailings storage facility, flotation and hydrometallurgical optimisation and marketing studies. Mkango previously appointed the following groups to complete these various aspects of the project:"



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IEC, Endeavor sign MoU on power deal - BNL Times

IEC, Endeavor sign MoU on power deal - BNL Times: "Australian coal miner Intra Energy Corporation Limited (IEC) has signed a memorandum of understanding (MoU) with Endeavor Energy Power Holdings Limited to assess the potential of its coal fired power project in Salima.

The MOU sets ou"



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Fall in uranium prices points to slow restart in Japan | ForexLive

Fall in uranium prices points to slow restart in Japan | ForexLive: "Fall in uranium prices points to slow nuclear restart in Japan
April 29th, 2014 16:43:35 GMT by Adam Button | 0 comments
Uranium prices fell to long-term lows today with the front-month futures contract at the lowest since at least 2007.
The FX market underestimates the importance of the planned restart of nuclear energy stations in Japan for the yen. The country is currently importing massive quantities of coal and fuel to power the national grid. Prices have risen more than 20% and will continue to rise until the government deems its reactors fit for service."



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Malawi's Tea export earnings fall - BNL Times

Malawi's Tea export earnings fall - BNL Times: "Malawi’s foreign exchange earnings from tea exports slumped drastically in January 2014 due to low prices for the commodity on the international market, the Reserve Bank of Malawi (RBM) has reported.

In its recently released monthly economic review, the central bank says low prices for tea at the Limbe Auction affected revenue realised to over shadow production increase.

The bank says tea prices averaged US$1.62 per kilogramme, lower than US$1.96 per kilogramme fetched in a corresponding month last year."



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Malawi's Tea export earnings fall - BNL Times

Malawi's Tea export earnings fall - BNL Times: "Malawi’s foreign exchange earnings from tea exports slumped drastically in January 2014 due to low prices for the commodity on the international market, the Reserve Bank of Malawi (RBM) has reported.

In its recently released monthly economic review, the central bank says low prices for tea at the Limbe Auction affected revenue realised to over shadow production increase.

The bank says tea prices averaged US$1.62 per kilogramme, lower than US$1.96 per kilogramme fetched in a corresponding month last year."



'via Blog this'

Malawi's Tea export earnings fall - BNL Times

Malawi's Tea export earnings fall - BNL Times: "Malawi’s foreign exchange earnings from tea exports slumped drastically in January 2014 due to low prices for the commodity on the international market, the Reserve Bank of Malawi (RBM) has reported.

In its recently released monthly economic review, the central bank says low prices for tea at the Limbe Auction affected revenue realised to over shadow production increase.

The bank says tea prices averaged US$1.62 per kilogramme, lower than US$1.96 per kilogramme fetched in a corresponding month last year."



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Malawi among eight poorest countries in the world | www.malawitoday.com

Malawi among eight poorest countries in the world | www.malawitoday.com: "New data released by the International Comparison Programme (ICP) which is hosted by the World

Bank has revealed that Malawi is among the top eight poorest countries in the world in terms of GDP per capita.

Per capita GDP is a measure of the total output of a country that takes the GDP and divides it by the number of people in the country.

The ICP 2011 report released on Tuesday ranks Malawi alongside countries such as Mozambique, Central African Republic, Niger, Burundi, DRC, Comoros and Liberia as the eight poorest out of 199 global economies with a GDP per capita of less than $1,000.

Malawi’s GDP per capita was recorded at US$381 in 2013. Economic Planning Minister Ralph Jooma asked for more time to scrutinise the report before commenting"



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AfDB avails US$35.5m loan for Malawi water and sanitation project - business - News - StarAfrica.com

AfDB avails US$35.5m loan for Malawi water and sanitation project - business - News - StarAfrica.com: "AfDB avails US$35.5m loan for Malawi water and sanitation project
Posted by: APA Posted date : May 2, 2014 at 10:10 am UTC 6 views In: Business
The board of the African Development Bank (AfDB) has approved a US$35.5-million loan to support implementation of a project to improve Malawi’s rural water and sanitation infrastructure.According to a statement by the bank, its African Development Fund would make a loan of US$23 million available to Malawi while the Nigerian Trust Fund and the Rural Water Supply and Sanitation Facility Project would provide a loan of US$7.7 million and a grant of US$4.8 million, respectively."



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Malawi: U.S. Embassy Strives to Uplift Small Business Development

allAfrica.com: Malawi: U.S. Embassy Strives to Uplift Small Business Development: "Malawi: U.S. Embassy Strives to Uplift Small Business Development
BY MARY MAKHIRINGA,  Lilongwe — As one way of empowering and uplifting small scale business in the country, the United States Embassy Deputy Chief of Mission to Malawi Michael Gonzales on Thursday inaugurated a bakery and an oil press project in northern region."



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Legalbrief - IMF salutes efforts to tackle graft

Legalbrief - IMF salutes efforts to tackle graft: "
  


IMF salutes efforts to tackle graft
Published in: Legalbrief Africa New
Date: Tuesday 08 April 2014
Category: Malawi
Issue No: 572



The International Monetary Fund (IMF) has noted that Malawi has made progress after a massive government corruption scandal last year.

However, it is urging the East African nation to bring soaring prices under control. A report on the News24 site notes that it adopted an action plan to bust graft in the wake of massive fraud last year that prompted Western donors to freeze $150m in aid. 'The authorities have made progress in addressing governance and public financial management weaknesses,' the IMF said at the end of its latest review mission to the country. The report notes that President Joyce Banda, who faces an election in just more than six weeks, has implemented austerity steps that led to the restoration of an IMF $79.4m credit facility."



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New Nacala International Airport expected to open in August

New Nacala International Airport expected to open in August: "The new Nacala International Airport in northern Mozambique is set to open in August this year.
Development work to convert the former Nacala Air Base is nearly complete, according to Brazilian contracting firm Odebrecht International.
 
The $144 million project is expected to be completely finished by the end of the first quarter of 2015, and will have a capacity of 500,000 passengers a year"



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Liquidated Finance Bank set to resume operations in Malawi - BNL Times

Liquidated Finance Bank set to resume operations in Malawi - BNL Times: "Liquidated Finance Bank could resume operations in the country by May this year, officials from the bank told journalists in Zambia on Tuesday.

Finance Bank Zambia (FBZ) Limited Chairman Rajan Mahtani disclosed this in Lusaka, Zambia on Tuesday night during a cocktail party held to announce the bank’s financial statements for the year ended December 31, 2013"



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Gap between countries best and worst in trade logistics still large - SpyGhana.com

Gap between countries best and worst in trade logistics still large - SpyGhana.com: "The gap between countries that perform best and worst in trade logistics is still quite large, despite a slow convergence since 2007, according to a new World Bank Group Report.

This gap persists because of the complexity of logistics-related reforms and investment in developing countries, and despite the almost universal recognition that poor supply-chain efficiency is the main barrier to trade integration in the modern world."



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Gap between countries best and worst in trade logistics still large - SpyGhana.com

Gap between countries best and worst in trade logistics still large - SpyGhana.com: "The gap between countries that perform best and worst in trade logistics is still quite large, despite a slow convergence since 2007, according to a new World Bank Group Report.

This gap persists because of the complexity of logistics-related reforms and investment in developing countries, and despite the almost universal recognition that poor supply-chain efficiency is the main barrier to trade integration in the modern world."



'via Blog this'

Gap between countries best and worst in trade logistics still large - SpyGhana.com

Gap between countries best and worst in trade logistics still large - SpyGhana.com: "The gap between countries that perform best and worst in trade logistics is still quite large, despite a slow convergence since 2007, according to a new World Bank Group Report.

This gap persists because of the complexity of logistics-related reforms and investment in developing countries, and despite the almost universal recognition that poor supply-chain efficiency is the main barrier to trade integration in the modern world."



'via Blog this'

Malawi's niobium samples in Guangzhou for tests - BNL Times

Malawi's niobium samples in Guangzhou for tests - BNL Times: "The Chinese Customs Authority has cleared a 40-tonne consignment of sample niobium minerals from Malawi’s Kanyika Mine in Mzimba which has now arrived at the Research Institute for Non-Ferrous Metals in the city of Guangzhou for confirmatory tests.

Australian mining firm Globe Metal and Mining, currently exploring the viability of mining niobium at Kanyika, said in a statement on Tuesday that the release of the sample from customs was delayed due to Chinese New Year holidays and sample examinations."



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Modernisation of port of Nacala, Mozambique due to begin in April | Macauhub English

Modernisation of port of Nacala, Mozambique due to begin in April | Macauhub English: "Modernisation of port of Nacala, Mozambique due to begin in April
MARCH 7TH, 2014   NEWS
Work to modernise the port of Nacala, a US$300 million project funded by Japan, is due to begin in April the Mozambican Minister for Transport and Communications, Gabriel Muthisse said Thursday"



'via Blog this'

Malawi pinning hopes of increased mining investor interest on airborne survey

Malawi pinning hopes of increased mining investor interest on airborne survey: "
By: Marcel Chimwala
7th March 2014
TEXT SIZE
The Malawi government says it is optimistic the results of a countrywide airborne geophysical survey currently under way will attract more foreign investors to the country’s largely underexploited mining sector.

Malawi contracted Canadian firm Sander Geophysics last year to conduct the survey.

The survey is being conducted as part of the Mining Governance and Growth Support Project, financed by a $25-million loan from the World Bank’s International Development Association and a €5-million grant from the European Union."



'via Blog this'

Uranium outfit Paladin dupes Malawi govt: Disregards mining law

Uranium outfit Paladin dupes Malawi govt: Disregards mining law | www.malawitoday.com: "Uranium outfit Paladin dupes Malawi govt: Disregards mining law
8 March 2014 NATION

The Australian-registered Paladin Africa Limited has thrown to the dogs laws governing mining in Malawi to which they duly signed to respect, suspending mining operations at Kayelekela without notice, Weekend Nationhas established.

After retrenching 296 Malawians and 71 expatriates, management at Kayelekela this week told the remaining 40 percent of local staff that most of them will be retrenched come April."



'via Blog this'

Global Energy Ltd lures Sri Lankan firm - BNL Times

Global Energy Ltd lures Sri Lankan firm - BNL Times: "Asr i L a n k a n c a b l e manufacturing firm, ACL Cables, has partnered with a local company, Global Energy Limited with the intent of making Malawi a hub of cable manufacturing in Southern Africa.

Heads of the two firms told reporters in Lilongwe last week that the adoption of Aerial Bundled (AB) cables for the overhead lower voltage distribution in the country will give way for more investments in the partnership."



'via Blog this'

Intra Energy Corporation books higher coal sales in East Africa - Proactiveinvestors (AU)

Intra Energy Corporation books higher coal sales in East Africa - Proactiveinvestors (AU): "Intra Energy Corporation (ASX:IEC) has leveraged higher demand for thermal coal in East Africa by selling 22,176 tonnes of coal in February 2014 from its mines in Tanzania and Malawi.

It is the second consecutive month that Intra has achieved record sales, exceeding January's previous sales volume record of 19,308 tonnes by 14.8% which should see its shares tick higher."



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allAfrica.com: Tanzania: A Railway Line in the South - 40 Years After Tazara (Page 1 of 6)

allAfrica.com: Tanzania: A Railway Line in the South - 40 Years After Tazara (Page 1 of 6): "Southern Tanzania's coal and gas-rich region which is part of the Mtwara Development Corridor is to see the construction of a new railway line from Mtwara to Mbamba-Bay. There are huge hopes that this new Chinese built railway - 40 years after TAZARA, will foster economic development in the region

For Emmanuel Kipande (82), a resident of Liuli village, Nyasa district in Ruvuma region, who has never travelled by a train in his entire life, the construction of a railway line linking Mtwara Port and the multi-billion shillings Mchuchuma-Liganga projects in Southern Tanzania could be news to him."



'via Blog this'

If You Missed It, Uranium Is Back

If You Missed It, Uranium Is Back: "We got one of the biggest rallies in years for uranium stocks yesterday.

Producers like Cameco jumped over 8% on the day. Spurred by news that Japan is officially sticking with nuclear as part of its energy mix."



'via Blog this'

The FINANCIAL - Japan Nuclear Restart May Revive Uranium at LNG's Expense

The FINANCIAL - Japan Nuclear Restart May Revive Uranium at LNG's Expense: "apan Nuclear Restart May Revive Uranium at LNG's Expense
27/02/2014 14:32 (3 Day 10:37 minutes ago)
The FINANCIAL -- Fitch Ratings-London - Japan's apparent plan to restart nuclear power generation could help uranium prices return to a profitable level for producers, while making it harder for new LNG projects to attract the long-term customers they need to get started, Fitch Ratings says."



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BETWEEN LILONGWE AND LUSAKA Malawi cancels Kenya Airways’ 5th freedom rights -

BETWEEN LILONGWE AND LUSAKA Malawi cancels Kenya Airways’ 5th freedom rights -: "Kenya Airways’ long-standing service to the Malawian traveling public, offering a 5th freedom connection between Malawi and Zambia, was clearly worth little for the bureaucrats in Lilongwe, when they abruptly canceled these 5th freedom rights to give upstart Malawian Airlines the monopoly on the route, with instant suggestions this was done at the behest of Ethiopian Airlines. Ethiopian, which went into partnership with the Malawian government to re-launch a national airline after mismanaged Air Malawi had collapsed, at the time prompting desperate calls for assistance to Kenya Airways to offer a daily service to Lusaka, is thought to be the main driver behind that decision in their fight for supremacy in the African skies, in this case clearly a dirty fight as it now allows to charge fares at will to the detriment of passengers"



'via Blog this'

US’s Opic targets US$100m for Malawi - BNL Times

US’s Opic targets US$100m for Malawi - BNL Times: "United States Government’s development finance institution, the Overseas Private Investment Corporation (Opic), says it is targeting to increase investment portfolio to Malawi, targeting a minimum of US$100 million within the next three years."



'via Blog this'

Malawi governement optimistic on 6.1% growth - BNL Times

Malawi governement optimistic on 6.1% growth - BNL Times: "Minister of Finance Maxwell Mkwezalamba is upbeat the Malawi economy will grow by 6.1 percent in 2014, despite several factors such as withdrawal of aid from development partners and the suspension of mining activities at Kayerekera Uranium mine in Karonga, which could hamper progress.

Speaking to the media recently, Mkwezalamba said that the country is experiencing some economic stability following measures the government put in place but some economic commentators have since observed that the country may not be able to make the target as it is currently facing several derailing factors."



'via Blog this'

Malawi's banks laxity shocks analysts - BNL Times

Malawi's banks laxity shocks analysts - BNL Times: "Economic analysts have described as shocking the revelations that the Reserve Bank of Malawi, commercial banks and the office of the Auditor General allowed huge amounts of money from public coffers to be paid out without checking with relevant government control officers in relevant departments and ministries."



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Mkango Resources Announces Amended Private Placement and Increase in Offering - WSJ.com

-(Marketwired - Feb. 24, 2014) -

Mkango  is pleased to announce that it has entered into a non-binding term sheet with certain affiliates of Sprott Inc. (the "Finders") to act as finders for the Corporation under its previously announced proposed non-brokered private placement (the "Private Placement")."



'via Blog this'

Malawi: Forensic report reveals US$30m was siphoned from Malawi govt. coffers

Malawi: Forensic report reveals US$30m was siphoned from Malawi govt. coffers: " A British-funded forensic audit into the massive plunder of the Malawi government coffers has uncovered that over 13 billion Malawi kwacha (over US$ 30 million) was looted by politicians, business persons and civil servants.

The audit, conducted by British accounting firm, Baker Tilly, covered the period between April 2012 and September 2013. Coincidentally President Joyce Banda took over power on 7 April, 2012, following the sudden death two days earlier from cardiac arrest complications of President Bingu wa Mutharika."



'via Blog this'

Zambia Railways to deliver 50 wagons | Zambia Daily Mail

Zambia Railways to deliver 50 wagons | Zambia Daily Mail: "From DARLINGTON MWENDABAI in Chipata
ZAMBIA Railways Limited (ZRL) plans to deliver 50 wagons for the Chipata-Mchinji railway line in Eastern Province by the end of next month"



'via Blog this'

Paladin Energy Ltd: Product Shipment Incident Near Kayelekera Mine, Malawi - EIN News

Paladin Energy Ltd: Product Shipment Incident Near Kayelekera Mine, Malawi - EIN News: "PERTH, WESTERN AUSTRALIA -- (Marketwired) -- 02/18/14 -- Paladin Energy Ltd (TSX: PDN)(ASX: PDN) ("Paladin" or the "Company") wishes to advise that a minor incident occurred on Monday, February 10, 2014 during the routine transportation of Uranium Oxide Concentrate (UOC) from the Company's Kayelekera Mine (KM) in northern Malawi for export through the Port of Walvis Bay in Namibia."



'via Blog this'

Indian firm Gillanders to buy out Malawi-based tea and macadamia producer : Regions : Venture Capital Post

Indian firm Gillanders to buy out Malawi-based tea and macadamia producer : Regions : Venture Capital Post: "Gillanders Arbuthnot & Co Ltd, an Indian business group, has entered an agreement to buy out Group Development Ltd, a tea and macadamia production company in Malawi. Based on a stock market disclosure, the purchase also included the three crop-producing subsidiaries of Group Development, wrote VC Circle."



'via Blog this'

Malawi Revenue Authority collects K40 billion in January - BNL Times

Malawi Revenue Authority collects K40 billion in January - BNL Times: "The Malawi Revenue Authority (MRA) collected a record K40.76 billion in tax revenues, a development the tax collecting body has attributed to the positive effects of Voluntary Compliance Window (VCW) programme."



'via Blog this'

Paladin Energy spills radioactive material at its Kayelekera mine in Malawi | www.malawitoday.com

Paladin Energy spills radioactive material at its Kayelekera mine in Malawi | www.malawitoday.com: "Paladin Energy spills radioactive material at its Kayelekera mine in Malawi
17 February 2014 By Peter Ker SYDNEY MORNING HERALD

Australian uranium miner Paladin Energy has reported a spill near one of its African mines, saying a truck carrying a container of uranium oxide from its Kayelekera mine in Malawi overturned while negotiating a curve in the road."



'via Blog this'

Malawi's Millennium Challenge Corporation project on course - BNL Times

Malawi's Millennium Challenge Corporation project on course - BNL Times: "A German engineering company, which won a tender to work as the main engineering consultant for the United States government funded US$350.7 million Millennium Challenge Corporation (MCC) Power Sector Revitalisation Project in Malawi, says the project is on track and that some construction works will start this year."



'via Blog this'

Malawi's Millennium Challenge Corporation project on course - BNL Times

Malawi's Millennium Challenge Corporation project on course - BNL Times: "A German engineering company, which won a tender to work as the main engineering consultant for the United States government funded US$350.7 million Millennium Challenge Corporation (MCC) Power Sector Revitalisation Project in Malawi, says the project is on track and that some construction works will start this year."



'via Blog this'

Eight countries in Southern Africa have earned a position among the top 20 "most exciting African mineral jurisdictions"

.

According to an investment guide released on Monday, they are South Africa, Zimbabwe, Namibia, Botswana, Mozambique, Zambia, Madagascar, and Malawi.

http://www.miningweekly.com/article/african-mining-2014-02-03

Malawi’s headline inflation averaged 27.1 percent in 2013 - BNL Times

Malawi’s headline inflation averaged 27.1 percent in 2013 - BNL Times: "Malawi’s headline inflation averaged 27.1 percent in 2013 as both food and non-food prices surged, the National Statistical Office (NSO) has said.

The Zomba-based statistical powerhouse said inflation for the month of December soared from 22.9 percent in November to 23.5 percent."



'via Blog this'

Mkango Resources Appoints Derek Linfield to the Board of Directors and Announces a Proposed Non-Brokered Private Placement - WSJ.com

Mkango Resources Appoints Derek Linfield to the Board of Directors and Announces a Proposed Non-Brokered Private Placement - WSJ.com: "Mkango Resources Ltd. (TSX VENTURE:MKA) (the "Corporation" or "Mkango") is pleased to appoint Mr. Derek Linfield as a director of the Corporation, effective as of today, and to announce a proposed non-brokered private placement to raise gross proceeds of up to C$1 million (the "Private Placement").

Appointment of Derek Linfield as Non-Executive Director

Mr. Linfield is the managing partner of the law firm Stikeman Elliott (London) LLP, the UK office of Canadian law firm Stikeman Elliott LLP. Mr Linfield has practiced as a Canadian lawyer in London for 17 years, where he has focused on cross-border financings and M&A in the mining and oil & gas sectors, including taking internationally managed companies to Toronto Stock Exchange and the Toronto Venture Exchange as well as Canadian companies to the London Stock Exchange."



'via Blog this'

Malawi chosen for Chinese ‘mini-city’ | BNL Times

Malawi chosen for Chinese ‘mini-city’ | BNL Times: "A consortium of Chinese investors has chosen Malawi for the setting up of an Asia-Africa International Free Trade Zone that could cost a whooping US$6 billion to construct.

The proposed Asian-African International Free Trade Area would include a complex of business buildings with a surface area of at least 100,000 square meters, creating a mini-city that will have integrated African and Chinese cultures."



'via Blog this'

Borshoff driven by wartime experience | The Australian

Borshoff driven by wartime experience | The Australian: "FRESH from announcing a potentially company-saving deal, Paladin Energy managing director John Borshoff has opened up for the first time about his involvement in the Vietnam War."



'via Blog this'

Malawi’s Last Mile Project success | BiztechAfrica Business, Telecom, Technology & IT News Africa

Malawi’s Last Mile Project success | BiztechAfrica Business, Telecom, Technology & IT News Africa: "By Gregory Gondwe, Blantyre, Malawi

The Last Mile Connectivity Initiative Project, which the Government of Malawi is implementing through the Public Private Partnership Commission (PPPC), has beaten its connectivity target by connecting 45 sites more than were included in the initial stages of the project.

Selected public institu"



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