Mkango to start rare earth mining in 2020 | The Times Group

Mkango to start rare earth mining in 2020 | The Times Group: "Canada’s Mkango Resources, currently exploring rare earth minerals at Songwe Hill in Phalombe, says it aims to start production in Malawi in 2020. Mkango Chief Executive Officer William Dawes told Reuters on Monday his firm expects to catch an expected leap in demand for the metals that are used in the production of electric vehicles and other new technologies."



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Mkango to start rare earth mining in 2020 | The Times Group

Mkango to start rare earth mining in 2020 | The Times Group: "Canada’s Mkango Resources, currently exploring rare earth minerals at Songwe Hill in Phalombe, says it aims to start production in Malawi in 2020. Mkango Chief Executive Officer William Dawes told Reuters on Monday his firm expects to catch an expected leap in demand for the metals that are used in the production of electric vehicles and other new technologies. "



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Minister optimistic on new IMF programme | The Times Group

Minister optimistic on new IMF programme | The Times Group: "Finance Minister Goodall Gondwe says the Malawi Government is considering striking a new deal with the International Monetary Fund (IMF) as the country draws near to the completion of the IMF’s Extended Credit Facility programme.

The current ECF programme expires on June 30. The EFC, approved in July 2012 is the IMF’s main tool for medium-term financial support to low-income countries like Malawi."



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Freight trains return to Niassa province, Mozambique – Macauhub

Freight trains return to Niassa province, Mozambique – Macauhub: "The first freight train since 2010 to travel to the city of Lichinga, northern Mozambique, left the city of Nacala on Wednesday and is due to reach the capital of Niassa province on Friday after travelling 890 kilometres, the Northern Development Corridor (CDN) company said on Thursday.
 "



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Tobacco’ earnings up by 38%: country realizes US$125 million in ten weeks - The Maravi Post

Tobacco’ earnings up by 38%: country realizes US$125 million in ten weeks - The Maravi Post: "LILONGWE-(MaraviPost)-Malawi accrued US$125 million in in tobacco sells in the past ten weeks since tobacco marketing season officially opened on April 10, this year. This is the latest statistics obtained from the Tobacco Control Commission (TCC), which shows the market earned 38 percent more than what was sold during the same time in 2016."



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Canada's Mkango to start mining rare earths in Malawi in 2020 | MINING.com

Canada's Mkango to start mining rare earths in Malawi in 2020 | MINING.com: "Canada's Mkango Resources (TSX, LON:MKA), one of the very few rare earth producers outside China, plans to start mining from its Songwe Hill mine in Malawi within three years, chief executive William Dawes said Monday. The company, which has been pr"



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Malawi Parliament passes MK1.3 trillion national budget; call for fiscal discipline, MPs’ CDF increased to MK23 million - The Maravi Post

Malawi Parliament passes MK1.3 trillion national budget; call for fiscal discipline, MPs’ CDF increased to MK23 million - The Maravi Post: "LILONGWE-(MaraviPost)– Malawi Parliament on Thursday, passed the 2017/18 national budget worth MK1.3 trillion, with calls from Parliamentarians for Government fiscal discipline in implementation it.

The lawmakers got their wishes for the increase of Constituency Development Fund (CDF) from MK18 million to MK23 million, representing a 66% rise."



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New coal railway takes a step forward while Indian miner seeks new coal exploration blocks

New coal railway takes a step forward while Indian miner seeks new coal exploration blocks: "New Moz coal railway line takes step forward

23RD JUNE 2017

In a further step towards easing transport bottlenecks for coal mining companies operating in Mozambique’s inland Tete province, a Sino-Portuguese consortium has signed a contract with local company Thai Moçambique Logística to build a 500 km railway line from the "



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Serendipity smiles on Mkango’s Malawian assets as renewables growth demands more REEs

Serendipity smiles on Mkango’s Malawian assets as renewables growth demands more REEs: "+ VANCOUVER (miningweekly.com) – Demand for rare-earth elements (REEs) for use in magnetic applications such as electric vehicles and wind turbines is driving renewed interest in securing supplies of these hard-to-come-by metals outside of the world’s dominant supplier China."



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Serendipity smiles on Mkango’s Malawian assets as renewables growth demands more REEs

Serendipity smiles on Mkango’s Malawian assets as renewables growth demands more REEs:  – Demand for rare-earth elements (REEs) for use in magnetic applications such as electric vehicles and wind turbines is driving renewed interest in securing supplies of these hard-to-come-by metals outside of the world’s dominant supplier China."



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IMF Approves $26.9 Million For Malawi

IMF Approves $26.9 Million For Malawi: "The International Monetary Fund (IMF) has approved the disbursement of $26.9 Million to Malawi under the Extended Credit Facility (ECF) programme.  The program is aimed at the achievement and maintenance of macroeconomic stability and implementation of policies and structural reforms to spur growth diversify the economy and reduce poverty. The approval follows the completion of the ninth and final review of Malawi’s economic performance under the ECF arrangement by the IMF Board."



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Paladin at mercy of French utility Electricite de France

Paladin at mercy of French utility Electricite de France: "he 26,000-plus shareholders in one-time high-flying uranium miner Paladin Energy are at the mercy of French utility Electricite de France, with Paladin scrambling to convince the group to stand still on calling in a $US277 million ($366.3m) loan.

Perth-based Paladin, which operates the Langer Heinrich mine in Namibia, yesterday said it only had 30 days to pay back the cash to EdF after an independent review found the security offered by Paladin to cover the debt was insufficient."



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Spot Uranium Prices Stuck Below $20 Per Pound

Spot Uranium Prices Stuck Below $20 Per Pound: "TradeTech’s spot uranium prices hovered below $20 per lb again last week, with buyers interested in purchases until sellers tried to push for higher prices.

TradeTech noted that last week spot market saw robust volume, but as soon as sellers pushed their offers to $20 per lb or above buying interest evaporated. Interest returned again after sellers lowered their price. This was the second-straight week that asks of $20 per lb were met with resistance."



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Spot Uranium Prices Stuck Below $20 Per Pound

Spot Uranium Prices Stuck Below $20 Per Pound: "TradeTech’s spot uranium prices hovered below $20 per lb again last week, with buyers interested in purchases until sellers tried to push for higher prices.

TradeTech noted that last week spot market saw robust volume, but as soon as sellers pushed their offers to $20 per lb or above buying interest evaporated. Interest returned again after sellers lowered their price. This was the second-straight week that asks of $20 per lb were met with resistance."



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Paladin hangs on bank valuation | Business News

Paladin hangs on bank valuation | Business News: "Paladin Energy will be left to sweat for up to a month on an independent valuation of its stake in the Langer Heinrich uranium mine, as a critical $US277 million debt repayment looms."



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World Bank Approves K53.1 billion ICT funding for Malawi | Malawi Nyasa Times - Malawi breaking news in Malawi

World Bank Approves K53.1 billion ICT funding for Malawi | Malawi Nyasa Times - Malawi breaking news in Malawi: " World Bank Approves K53.1 billion ICT funding for Malawi June 7, 2017 Maurice Nkawihe- Nyasa Times, 1 Comment The World Bank on Tuesday provided Malawi with a $72.4 million (about K53.1 billion at current exchange rate) International Development Association (IDA) credit to finance Malawi Digital Foundations Project which is Phase I of the Digital Malawi Program"



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Dual compensation claims delaying Malawi electricity project - Malawi Nyasa Times - Malawi breaking news in Malawi

Dual compensation claims delaying Malawi electricity project - Malawi Nyasa Times - Malawi breaking news in Malawi: "Construction in the Millennium Challenge Account – Malawi Compact supported electricity project is being delayed amidst recurring misunderstandings with land owners on compensation issues, with only 15 months remaining to the end of the project."



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Cotton Ginners Limited swindle Malawi banks K17 billion - Malawi Nyasa Times - Malawi breaking news in Malawi

Cotton Ginners Limited swindle Malawi banks K17 billion - Malawi Nyasa Times - Malawi breaking news in Malawi: "Cotton Ginners Limited (CGL) has swindled Malawian banks of $20 million (approximately K17 billion) in loans and its Chief Executive Officer Abdul Yasin Reiman is reported to have fled the country to Pakistan."



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Malawi, Zambia sign border agreement | Malawi 24 - All the latest Malawi news

Malawi, Zambia sign border agreement | Malawi 24 - All the latest Malawi news: "Malawi and Zambia have signed a bilateral agreement on One Stop Border Post (OSBP) which will enhance trade facilitation through efficient movement of goods and people within the COMESA and SADC regions. The signing of the agreement took place at Mwami- Mchinji Border."



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AfDB To Support Local Agri-Businesses In Malawi

AfDB To Support Local Agri-Businesses In Malawi: "The African Development Bank (AfDB) Group has approved a $ 1 million grant from the African Private Sector Assistance (FAPA) fund to the Government of Malawi.

The grant aims to promote both economic developments through infrastructure along the Malawi-Nacala corridor.

It also demonstrates the Bank’s effort to promote inclusive private sector development and SME linkages with large investments."



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World Bank provide K69.7bn for Malawi to commercialize agriculture - Malawi Nyasa Times - Malawi breaking news in Malawi

World Bank provide K69.7bn for Malawi to commercialize agriculture - Malawi Nyasa Times - Malawi breaking news in Malawi: "The World Bank has  approved a US$95 million (K69.7 billion at current exchange rate) credit which is expected to boost the country’s quality and quantity of various agricultural products for domestic and export markets. a maize field The credit targeting about 70,000 farmers and 300 producer organizations, has been approved under the Agriculture Commercialization Project (AGCOM), and it follows a budget support of US$80 million (K58.7 billion) the bank approved for Malawi earlier this month."



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Manufacturing to jump in 2017 | The Times Group

Manufacturing to jump in 2017 | The Times Group: "Manufacturing to jump in 2017
Posted By: Taonga Sabolaon: June 01, 2017In: BusinessNo Comments
The Reserve Bank of Malawi (RBM) says it expects strong growth in the manufacturing sector buoyed by a strong performance in the agriculture sector.

Manufacturing grew by two percent in 2016 as compared to 3.8 percent registered in 2015, dampened by reduced export demand for processed tea and sugar following the unfavourable weather conditions experienced domestically in 2016."



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Manufacturing to jump in 2017 | The Times Group

Manufacturing to jump in 2017 | The Times Group: "Manufacturing to jump in 2017 Posted By: Taonga Sabolaon: June 01, 2017In: BusinessNo Comments The Reserve Bank of Malawi (RBM) says it expects strong growth in the manufacturing sector buoyed by a strong performance in the agriculture sector. Manufacturing grew by two percent in 2016 as compared to 3.8 percent registered in 2015, dampened by reduced export demand for processed tea and sugar following the unfavourable weather conditions experienced domestically in 2016."



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port of nacala launch - Google Search

port of nacala launch - Google Search:



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Zimbabwe: Malawi's First Merchant Bank Takes Over Barclays Bank Zimbabwe - allAfrica.com

Zimbabwe: Malawi's First Merchant Bank Takes Over Barclays Bank Zimbabwe - allAfrica.com: "Zimbabwe: Malawi's First Merchant Bank Takes Over Barclays Bank Zimbabwe ' Backlays Plc has sold its majority stake in its Zimbabwean operation to Malawi's First Merchant Bank (FMB), putting an end to months of a fierce bidding war to take over one of the country's iconic financial institutions, according to reports."



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Malawi: World Bank Cuts Malawi 2017 GDP Growth Rate - Projects 4.4 Percent - allAfrica.com

Malawi: World Bank Cuts Malawi 2017 GDP Growth Rate - Projects 4.4 Percent - allAfrica.com: "Malawi: World Bank Cuts Malawi 2017 GDP Growth Rate - Projects 4.4 Percent  The World Bank has painted a gloomy economic outlook for Malawi by revising downwards the country's real gross domestic product (GDP) growth rate to 4.4 percent contrary to Reserve Bank of Malawi estimate of 5.6 percent made in January."



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Thambani project shows high mineral potential | The Times Group

Thambani project shows high mineral potential | The Times Group: "Thambani project shows high mineral potential
Posted By: George Mhangoon: June 01, 2017In: BusinessNo Comments
Mkango Resources has said it has identified new zones of uranium, tantalum and niobium at the Thambani Project in Mwanza.

London-based Alliance News quotes Mkango President Alexander Lemon as saying that a total of 35 samples had graded above 550 parts per million of uranium and 24 above 1,000 parts per million."



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