Second phase of construction of the port of Nacala, Mozambique, begins in March 2017 | Macauhub English

Second phase of construction of the port of Nacala, Mozambique, begins in March 2017 | Macauhub English: "The works of the second phase of the refurbishment and expansion of the Port of Nacala, in Nampula, Mozambique, is due to begin in March next year, in order to increase the port’s capacity to handle cargo in transit, especially for Malawi and Zambia"

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Malawi Extractives industries Transparency Initiative potential for overturning tax holidays from investors-Former Energy Minister Malunga - The Maravi Post

Malawi Extractives industries Transparency Initiative potential for overturning tax holidays from investors-Former Energy Minister Malunga - The Maravi Post: "LILONGWE-(MaraviPost) – The establishment of Malawi Extractives Industries Transparency Initiative (MWEITI) is said to be in a right direction towards overturning tax holidays from investors, The Maravi Post has learnt.

This follows the country’s extractive industries stakeholders’ adoption of two critical documents; open data policy and benefit ownership disclosure roadmap."

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MKANGO ENTERS INTO AGREEMENT WITH NOBLE TO COLLABORATE IN THE RARE EARTHS SECTOR

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Calgary, Alberta: December 19, 2016 - Mkango Resources Ltd. (TSXV / AIM: MKA) (the "Company" or
"Mkango"), is pleased to announce that it has entered into a collaboration agreement (the “Agreement”) with
Noble Resources International (“Noble”), which will also allow Noble to acquire up to a 12.5% interest in
Mkango. Noble is one of world’s largest commodity traders and the largest in Asia, with a presence throughout the region. It is listed on the Singapore Stock Exchange with a market capitalization of approximately US$1.5 billion

Malawi moving towards reliable power, says Minister Msaka - Malawi Nyasa Times - Malawi breaking news in Malawi

Malawi moving towards reliable power, says Minister Msaka - Malawi Nyasa Times - Malawi breaking news in Malawi: "If the ambitious programme Malawi government has laid out to undertake between now and the next few years is anything to go by, then the country will be bidding farewell to blackouts in not so long a time. All things being equal."

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Despite ongoing disagreements on Lake Malawi Tanzania has agreed to partner with Malawi to provide Electricity - The Maravi Post

Despite ongoing disagreements on Lake Malawi Tanzania has agreed to partner with Malawi to provide Electricity - The Maravi Post: "Mired in Lake Malawi disagreements. Tanzania and Malawi are expected to partner in a joint project on irrigation where a total of 600 hectares will be developed, with 3000 farms in each country"

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Africa: Dar, Lilongwe Sign 180-Megawatt Joint Power Deal - allAfrica.com

Africa: Dar, Lilongwe Sign 180-Megawatt Joint Power Deal - allAfrica.com: "By Harriet Kiama
Mbeya — Tanzania and Malawi are expecting to implement a joint 180-megawatt electricity project that will enable each country to produce 90mw."

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Industrial park in the pipeline | The Times Group

Industrial park in the pipeline | The Times Group: "Water Wheel International, in collaboration with Malawi Investment and Trade Centre (MITC) plans to establish an industrial park which is expected to be at Chintheche in Nkhata Bay.

The project is an extension of the proposed $200 million hydro power project in Nkhata Bay to be implemented by the same company."

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Mkango Resources Ltd surges as Noble Resources gets on board the Songwe Hill bus

Mkango Resources Ltd surges as Noble Resources gets on board the Songwe Hill bus: "Commodity trader Noble Resources is to lend its considerable weight to Mkango Resources Ltd (LON:MKA, CVE:MKA), the rare earths explorer.

Noble, one of world's largest commodity traders and the largest in Asia, will identify the optimal markets and counter-parties for output from Mkango’s Songwe Hill rare earths project in Malawi."

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Malawi scores high on Millenium Challenge Account indicators | The Times Group

Malawi scores high on Millenium Challenge Account indicators | The Times Group: "Malawi stands a chance of benefiting from another Millenium Challenge Account (MCA) compact following its good performance on the programme indicators.

The country is already beneficiary from a $350 million MCA pact targeting the energy sector."

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Second phase of construction of the port of Nacala, Mozambique, begins in March 2017 | Macauhub English

Second phase of construction of the port of Nacala, Mozambique, begins in March 2017 | Macauhub English: The works of the second phase of the refurbishment and expansion of the Port of Nacala, in Nampula, Mozambique, is due to begin in March next year, in order to increase the port’s capacity to handle cargo in transit, especially for Malawi and Zambia.

Things beginning to look up for Brazilian miner in Mozambique

Things beginning to look up for Brazilian miner in Mozambique: " In a recent presentation to the NYSE, Brazilian major mining group Vale reported on progress at its Mozambique operations. These comprise the Moatize coal mine and the Nacala Logistics Corridor. Moatize is primarily a metallurgical, or coking, coal mine, while the Nacala Logistics Corridor is composed of new and refurbished railway lines linking Moatize (and the city of Tete) to the port of Nacala, via Malawi, as well as a coal terminal in that port."

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Zambia-China sign Rail deal toSerenje - Chipta

Coastweek - The most from the coast: " Zambia on Wednesday signed a deal for the construction of a new railway project with China’s state-run firm that will enhance transportation in the southern African nation.

The 388-kilometer railway, to run from the eastern town of Chipata to the central town of Serenje via another eastern town of Petauke, will be constructed by China Civil Engineering Construction Company (CCECC), at a cost of 2.3 billion U.S. dollars within a four-year period."

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Year 2016 round up: Low prices hit Malawi’s mineral sector – Mining & Trade Review (December 2016) | Mining in Malawi

Year 2016 round up: Low prices hit Malawi’s mineral sector – Mining & Trade Review (December 2016) | Mining in Malawi: "By Marcel Chimwala

Despite continued discovery of anomalies of high value minerals and sizeable quantities of industrial minerals in ongoing exploration activities, Malawi’s minerals sector has failed to move to greater heights in the year 2016 due to the prevailing low commodity prices on the world market and unavailability of low cost power from the national grid, which is weighing on the feasibility of mining projects.

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Tobacco earnings now at $264 million | The Times Group

Tobacco earnings now at $264 million | The Times Group: "Malawi has so far realised a total of $264.6 million from tobacco sales since the start of this year’s marketing season in April, latest figures from AHL Group indicate.

The statistics also show that a total of 183.7 million kilogrammes of the green gold have been sold at an average price of $1.44 per kilogramme."

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IMF approves ECF extension for Malawi | The Times Group

IMF approves ECF extension for Malawi | The Times Group: "The Executive Board of the International Monetary Fund (IMF) has approved—without an Executive Board meeting— an extension of Malawi’s arrangement under the Extended Credit Facility (ECF) to June 30, 2017.

This means that Malawi has been given more time to implement some programme objectives using about $49.2 million or 25 percent of quota approved by the Board in June this year to strengthen the response to the El Niño-induced drought."

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