Malawi's central bank rates cut excite economists; good for investments and triggers economic growth - The Maravi Post

Malawi's central bank rates cut excite economists; good for investments and triggers economic growth  - The Maravi Post: "
Reserve Bank of Malawi: reduces bank rates from 24 percent to 22%
LILONGWE-(MaraviPost)- Economic experts and general public have welcomed the Reserve Bank of Malawi’s (RBM)’s decision to reduce bank rates from 24 percent to 22% and they described the move as a recipe for attracting good investments in the country."



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Mkango Resources signs MoU to develop 3D printed rare earth magnets

Mkango Resources signs MoU to develop 3D printed rare earth magnets: "Mkango Resources signs MoU to develop 3D printed rare earth magnets Mkango Resources has entered into an MoU with Metalysis to research, develop and commercialise novel rare earth metal alloys for use in 3D printed permanent magnets."



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Reserve Bank of Malawi slashes policy rate to 22 percent | The Times Group

Reserve Bank of Malawi slashes policy rate to 22 percent | The Times Group: "Reserve Bank of Malawi slashes policy rate to 22 percent Posted By: Taonga Sabolaon: March 26, 2017In: BusinessNo Comments THE Monetary Policy Committee (MPC) of the Reserve Bank of Malawi on Friday agreed to cut the indicative cost of money, technically known as the policy rate, by 200 basis points from 24 percent to 22 percent, a development buoyed by a sharp fall in inflation. "



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Optimism as inflation eases | The Times Group

Optimism as inflation eases | The Times Group: "Optimism as inflation eases
Posted By: Caroline Kandieroon: March 20, 2017In: BusinessNo Comments
Minister of Finance and Economic Planning Goodall Gondwe has hinted at the possibility of a reduction in interest rates after inflation eased to 16.1 percent in February from 18.2 percent in January.

Latest figures released by the National Statistics Office show that inflation, also described as the rate at which the price of goods and services fluctuate, slowed by two percentage points in the past month. This should come as good news to consumers as this means there will be an improvement in disposable incomes."



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Mkango Resources work programme on Malawi project could reveal lithium mineralogy

Mkango Resources work programme on Malawi project could reveal lithium mineralogy: "Dual-listed rare earths junior Mkango Resources plans to commence a 2017 exploration programme in the Thambani licence area during the first quarter of the year.

Malawi - The programme will comprise follow-up of the results of the World Bank airborne geophysics survey reported in 2016 (http://www.mkango.ca/s/news.asp?ReportID=755345) as well as previous exploration programmes completed by Mkango Resources."



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Uranium Prices Resume Rally

Uranium Prices Resume Rally: "Uranium prices climbed in the week through March 6, resuming a rally that started back in December but then ran into resistance in mid-February. Prices added $3.25 over the week to reach $25.50.

Uranium prices climbed nearly 50% from their December low through February with the rally gaining steam in January after the world’s largest uranium producer, Kazakstan, announced a significant supply cutback. In mid-February, this rally ended with prices declining. Analysts figured this was the end of the recovery rally, but the market surprised and spot prices once again trekked higher. Supporting the downbeat expectation was the fact that the recent recovery rally was driven by supply-side adjustments alone with the near-term demand picture looking bleak."



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Uranium Prices Resume Rally

Uranium Prices Resume Rally: "Uranium prices climbed in the week through March 6, resuming a rally that started back in December but then ran into resistance in mid-February. Prices added $3.25 over the week to reach $25.50."



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Malawi Investment Forum courts millions | The Times Group

Malawi Investment Forum courts millions | The Times Group: THE second Malawi Investment Forum (MIF) held last year courted deals worth $26 million targeting export of various commodities. Since 2015, Malawi has been conducting investment forums to attract both foreign and local investments into the country.

Mkango set to start mineral exploration | The Times Group

Mkango set to start mineral exploration | The Times Group: Mkango Resources says it has completed preparatory work in relation to mining rare earth minerals and uranium at Songwe Hill and Thambani.

This follows an agreement with Noble Resources made last year to the tune of �450,000.

This means that exploration on the Thambani uranium project commences this month with processing test work in South Africa focused on improving the flotation and hydrometallurgical portions of the flow sheet for Songwe.