Uranium Pain Seen Worsening by Paladin as Glut Extends Slump - Bloomberg

Uranium Pain Seen Worsening by Paladin as Glut Extends Slump - Bloomberg: Uranium producers should brace for a longer period of lower prices as the fuel extends its decline to an 11-year low amid a glut, according to Australian miner Paladin Energy Ltd.

Mkango's Songwe Hill Phalombe licence renewed until January 2019

Mkango's Songwe Hill Phalombe licence renewed until January 2019: Mkango’s Songwe Hill Phalombe licence renewed until January 2019 The Government of Malawi has granted dual-listed rare earths junior Mkango Resources a further two-year renewal for its Phalombe licence.

Mkango Resources Ltd looking at long term production potential at Phalombe licence

Mkango Resources Ltd looking at long term production potential at Phalombe licence: These are exciting times for rare earths explorer Mkango Resources Ltd (LON:MKA, CVE:MKA). Not only is it bullish on the outlook for the rare earth sector, it also has one of the few advanced stage rare earth projects in the world. Last year's prefeasibility study for its Songwe Hill project in Malawi outlined an inferred and indicated resource of 32mln tonnes of rare earths, with the potential for a long 18-year mine life exploiting just the higher confidence indicated material.

No reprieve on uranium prices

uranium prices - Google Search

Firm to invest $2BN, To create 1 000 jobs

(7) Malawi Nation - Timeline: Firm to invest $2BN, To create 1 000 jobs CHRISTOPHER JIMU Staff Reporter As details of the trickle-down effects of the just-ended Malawi Investment Forum (MIF) 2016 emerge, a South African property investment firm, Nedebe Group, plans to spend about $2 billion (K1.4 trillion) in infrastructure development in Lilongwe. Nedebe Group was one of the foreign firms that pitched up at the two-day MIF 2016, which ended on Tuesday at Bingu International Convention Centre (Bicc) in Lilongwe and was officially opened by Vice-President Saulos Chilima.

Mozambique: Renamo Attacks Coal Train in Nampula - allAfrica.com

Mozambique: Renamo Attacks Coal Train in Nampula - allAfrica.com: Maputo — Gunmen of the Mozambican rebel movement Renamo attacked a train belonging to the coal mining company Vale-Mozambique in the northern province of Nampula, in the small hours of Thursday morning. At a Friday press conference in Nampula city, the spokesperson for the provincial police command, Zacarias Nacute, said the attack took place in Mutuali, in Malema district at about 01.00. The Renamo gang caused damage to the front of the locomotive, and shattered windows. Shards of glass hit the train driver, causing slight injuries. The train was taking coal from Vale's open cast mine at Moatize, in Tete province, to the new mineral port at Nacala-a-Velha, on the Nampula coast. Nacute said that Renamo attempted, unsuccessfully, to set the locomotive on fire. He said the police have now sent a unit to the site of the attack to guarantee public order and tranquillity. “Unfortunately we were unable to neutralize any of the attackers”, Nacute added, “but the police are on the spot working to assess the circumstances of the attack, and discover the whereabouts of those carrying out armed attacks in our province, so that they may be taken to justice”. This is the second attack on the northern rail corridor in less than a week. On Monday night Renamo attacked a goods train between Cuamba and Nampula cities, and injured one member of its crew. This train was carrying empty wagons back to port, and was not owned by Vale. There are two railways which Vale can use to take coal to port. One is the Sena line, which runs from Tete province to the port of Beira. The second is the new line, financed by Vale, which runs from Moatize through southern Malawi, and then links up with the existing northern corridor. This line was built to accommodate extremely long coal trains carrying the mineral to Nacala-a-Velha. When its trains on the Sena line suffered two attacks, Vale suspended the use of this railway about two months ago. Now it may feel obliged to suspend traffic on the line to Nacala as well. Transport Minister Carlos Mesquita, cited by the radio station “Voice of America”, said he recently held a meeting with Vale representatives to persuade the Brazilian company to resume its use of the Sena line. He assured them that the defence and security forces would protect the line. Mesquita also told the radio that the interruption of coal traffic along the Sena line had caused losses of around 50 million US dollars to the publicly-owned ports and rail company, CFM. Renamo's attacks on roads and railways are reminiscent of its tactics during the war of destabilisation in the 1980s and early 1990s, when it sought to throttle the Mozambican economy by destroying the transport network. During this period it completely ruined the Sena Line, which, after the 1992 peace agreement, had to be completely rebuilt at great expense. Mozambique Govt Used Secret Loans to Finance Arms - Report More than half of the more than $2 billion in secret loans around Ematum and maritime security have never been…�Read�more�� Copyright � 2016 Agencia de Informacao de Mocambique. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here. AllAfrica publishes around 1,100 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct. Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us. MORE FROM: AIM Mozambique: Audit of Undisclosed Loans Will Be Public, Says IMF Mozambique: Government Promises 'Every Effort' in Pondeca Case Mozambique: Fisheries Minister Downplays Ematum Strike

Nacala Corridor PTC to go live this year - Railway Gazette

Nacala Corridor PTC to go live this year - Railway Gazette: FRICA: Siemens Rail Automation says that it expects to commission the Positive Train Control signalling system it has installed on the Nacala Corridor linking Malawi and Mozambique ‘by the end of the year’.

The supplier says that the Trainguard Sentinel PTC it is supplying to the Corredor Log�stico Integrado de Nacala joint venture of Mozambique state railway CFM (20%) and Brazilian mining firm Vale (80%) is ‘a combination of North American train control technology and European standards’, meeting SIL2 integrity. Under a €70m contract announced in November 2013, Siemens is to provide its Train Sentinel Positive Train Control, train integrity monitoring, Westrace solid-state interlockings and telecoms based on a microwave network with Tetra track-to-train data transmission.

Mota Engil to boost Malawi electricity | Malawi24 - All the latest Malawi news

Mota Engil to boost Malawi electricity | Malawi24 - All the latest Malawi news: Mota Engil to boost Malawi electricity Luke Bisani A New Solution That Stops Snoring and Lets You Sleep Find Every Secret They Want Kept Hidden 22 Movies Where They Really Did It 25 Female Photoboms You Won't Believe ? As the country is experiencing persistent blackouts, Mota Engil has disclosed plans to generate 500 megawatts using hydro and coal power plants. During the 2016 Malawi Investment Forum currently underway in Lilongwe, Mota Engil signed a Memorandum of Understanding (MOU) with Malawi government on the new interest to the energy sector.

Huge shot in the arm for uranium price | MINING.com

Huge shot in the arm for uranium price | MINING.com: Huge shot in the arm for uranium price Frik Els | Sep. 15, 2016, 3:28 AM | 6,917 | 3 PEOPLEMINE FACEBOOK LINKEDIN TWITTER EMAIL PRINT Artist impression Uranium is having the worst start to a year in a decade. U3O8 is down more than 25% in 2016 with the UxC broker average price sliding to $25.45 a pound last week. Current levels are the cheapest spot uranium has been since 2005. The long term price, where most uranium business is conducted, has fallen to unprecedented levels below $40 a pound

Malawi Investment Forum in progress, six firms commit deals | The Times Group

Malawi Investment Forum in progress, six firms commit deals | The Times Group: Malawi Investment Forum in progress, six firms commit deals Posted By: Caroline Kandieroon: October 11, 2016In: BusinessNo Comments The second Malawi Investment Forum started on a high note in Lilongwe on Monday, with six companies signing Memorandum of Understanding with government and the private sector to invest in various sectors of the economy. The MoUs have been signed in projects under ministries of agriculture, lands and energy and the projects include a $120 million Lake Malawi water supply in Salima, $20 million for officials buildings for government offices, infrastructure development project in Area 32, heritage site aimed at preserving the national identity, hydro and coal fire energy project by Mota Engil and $1 million bio-fertiliser plant.

MKANGO RESOURCES LTD CMN SHS NPV (DI)'s Stock Is Buy After Today's Huge Increase - Engelwood Daily

MKANGO RESOURCES LTD CMN SHS NPV (DI)'s Stock Is Buy After Today's Huge Increase - Engelwood Daily: "The stock of MKANGO RESOURCES LTD CMN SHS NPV (DI) (LON:MKA) is a huge mover today! About 298,301 shares traded hands. MKANGO RESOURCES LTD CMN SHS NPV (DI) (LON:MKA) has risen 6.00% since August 27, 2016 and is uptrending. It has underperformed by 5.27% the S&P500.
The move comes after 9 months positive chart setup for the GBX company. It was reported on Sep, 26 by Barchart.com. We have GBX 11.96 PT which if reached, will make LON:MKA worth GBX more."



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Malawi: Key Message Update - September 2016 - Malawi | ReliefWeb

Malawi: Key Message Update - September 2016 - Malawi | ReliefWeb: "his month, the Food Security Cluster will roll out assistance to Neno district in the south and Salima and Ntcheu districts in the central region, bringing the total number of districts receiving assistance to six. Assistance funding levels continue to be below 50 percent, but despite these low levels the government and partners have announced that beneficiaries in all six districts will begin receiving a full ration in September. In July and August, households only received a half ration. The beneficiary case load increased steeply in September. Currently 91 percent of beneficiaries are receiving assistance in-kind and 9 percent are receiving the cash equivalent. In the presence of this assistance, Stressed (IPC Phase 2!) outcomes are projected through December. Agriculture Cluster activities, including the distribution of seeds, inputs, livestock support, and small-scale water harvesting activities are planned to start in October."



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