Ministry to improve power supply

Ministry to improve power supply: "Ministry of Energy And Mining has disclosed by mid next year, the country will have 100 additional megawatts of electricity added to the national electricity grid using solar power.
Minister responsible Mr. Atupele Muluzi said after visiting Mkula Power Hydro power station that government is devising other sources of energy to meet the national demand of electricity.
So far he said his ministry has secured 100 million United States Dollars for 50 megawatts out of the 100 megawatts to be produced using solar."



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Flood Devastation Forces Malawi to Cut Growth Forecast for 2015 - Bloomberg Business

Flood Devastation Forces Malawi to Cut Growth Forecast for 2015 - Bloomberg Business: "(Bloomberg) -- Malawi’s growth in 2015 will fall short of the 5.8 percent projected at the beginning of the year because of the damage massive floods have caused to the country’s farming industry, said President Peter Mutharika.
“The damage caused by the flood disaster to the economy is estimated at 23.9 billion kwacha ($53 million), excluding the cost of the relief program currently underway,” Mutharika said Tuesday in his state of the nation address, broadcast from the capital, Lilongwe"



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Mkango Resources Announces Update on Thambani Project | Resource Investing News

Mkango Resources Announces Update on Thambani Project | Resource Investing News: "Mkango Resources Announces Update on Thambani Project
Tuesday January 20, 2015, 8:09am PST
Mkango Resources Ltd. (TSXV:MKA) announced an update on the Thambani Project in southern Malawi. The project is focused on zones of anomalous uranium and associated niobium and tantalum targets across the Thambani Massif.

As quoted in the press release,"



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Paladin lowers 2015 guidance, studies reopening of Malawi mine

Paladin lowers 2015 guidance, studies reopening of Malawi mine: "
PERTH (miningweekly.com) – Uranium miner Paladin Energy on Monday reported a 79% quarter-on-quarter increase in sales revenue for the three months ended December."



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Malawi's foreign reserves rise to US$608 million - business - News - StarAfrica.com

Malawi's foreign reserves rise to US$608 million - business - News - StarAfrica.com: "Malawi’s foreign reserves rise to US$608 million
Posted by: APA Posted date : January 15, 2015 at 2:25 pm UTC 21 views In: Business
The Reserve Bank of Malawi (RBM) said Thursday that the country’s official foreign reserves continue its upward trend, rising to US$608 million last week from US$586.11 million at the end of December 2014.The central bank said in a statement issued on Thursday that the figure consolidates a three months of import cover which is the internationally recommended threshold."



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Government secures US$50million for Tedzani II project - BNL Times

Government secures US$50million for Tedzani II project - BNL Times: "Government has secured US$50 million for the upgrading of the Tedzani Hydro Power station from an undisclosed source and works on the project will start in March.

Minister of Energy and Mining, Atupele Muluzi, told journalists in Lilongwe that the project is part of the four-year plan meant to double the national power output to cope with demand."



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Mkango Renews Songwe Licence and Provides Corporate Update - MarketWatch

Mkango Renews Songwe Licence and Provides Corporate Update - MarketWatch: "CALGARY, ALBERTA, Jan 12, 2015 (Marketwired via COMTEX) -- Mkango Resources Ltd. (MKA) (the "Corporation" or "Mkango"), is pleased to announce that the Government of Malawi has granted a further two year renewal for Exclusive Exploration Licence ("EPL") 0284/10R ("the Phalombe Licence"), in southeast Malawi. Mkango's flagship project, the Songwe Hill rare earth project is located in the Phalombe Licence."



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