IFC seeks specialist developer for early-stage development of hydroelectric station in Malawi - HydroWorld

IFC seeks specialist developer for early-stage development of hydroelectric station in Malawi - HydroWorld: IFC seeks specialist developer for early-stage development of hydroelectric station in Malawi
08/30/2018



(Sponsored Content)

The Government of Malawi has engaged International Finance Corporation (IFC) for the development of a hydroelectric power station at Mpatamanga on the Shire River in Malawi. IFC wishes to outsource the early-stage development of the project to a specialist developer, prior to a competitive tender in accordance with applicable Malawian law.

IFC intends to select the specialist developer through a selection week to be held in Lilongwe. During the selection week, currently scheduled for 24 September 2018, the IFC team will present the project and the opportunity to partner with IFC, while participating developers will be able to present their credentials and proposals.�

Mutharika move to end electricity woes in Malawi: Pushes for coal-fired power plant with China Energy Group | Malawi Nyasa Times - Malawi breaking news in Malawi

Mutharika move to end electricity woes in Malawi: Pushes for coal-fired power plant with China Energy Group | Malawi Nyasa Times - Malawi breaking news in Malawi



with China Energy Group
August 30, 2018 Nyasa Times Reporter 1 Comment
Pushes for coal-fired power plant
Malawi President.Peter Mutharika seems to be making good use of his time in Beijing, China where he has gone to attend the 2018 Forum for China-Africa
Corporation (FOCAC) as on Thursday, two days before the official
generation project to build a coal-fired power plant at Kammwamba.
Mutharika and his delegations met the Chairperson of the
China Energy Engineering Group Ltd (CEEC) the Parent
company of the China Gezhouba Group International
Engineering Company; Wang Jianping and directors of the
opening of the summit, he met Chinese consortium of companies to discuss energy

Sovereign Metals: Bulk Sample Drilling for Pilot Plant Program Commences at Malingunde Graphite Project - IR-WORLD

Sovereign Metals: Bulk Sample Drilling for Pilot Plant Program Commences at Malingunde Graphite Project - IR-WORLD: Sovereign Metals: Bulk Sample Drilling for Pilot Plant Program Commences at Malingunde Graphite Project
Sovereign Metals: Bulk Sample Drilling for Pilot Plant Program Commences at Malingunde Graphite Project

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Sovereign Metals Limited (“the Company” or “Sovereign”) is pleased to announce of the commencement of a drilling program to extract ~100 tonnes of ore to be used for a pilot processing program and production of bulk graphite concentrates from its world-class Malingunde Saprolite Hosted Graphite Project in Malawi.

�

Acceleration of the pilot program and the production of bulk concentrates has been driven by significant demand from potential offtake partners, as they seek greater quantities of product for continuation and upscaling of testing and qualification.

Economy to sustain solid growth—RBM - The Nation Online

Economy to sustain solid growth—RBM - The Nation Online: Economy to sustain solid growth—RBM Chikondi Chiyembekeza August 28, 2018 0 Comments � Amid power outages that have subdued economic growth, the Reserve Bank of Malawi (RBM) says the country’s economy is expected to sustain momentum this year but not as much as in 2017. “The economy is expected to grow by four percent down from 5.1 percent in 2017 and is expected to rebound to six percent in 2019.

Malawi opens up airspace - The Nation Online

Malawi opens up airspace - The Nation Online: Malawi opens up airspace Orama Chiphwanya August 23, 2018 0 Comments � Local and international airlines could benefit from air travel business following Malawi Government’s signing of aviation agreements with a number of countries to enable airlines to operate to and from the country. Ministry of Transport and Public Works spokesperson James Chakwera said in an interview on Tuesday government continues to create an enabling environment for airlines to operate to promote air transport

Mkango Resources Ltd on 'clearly defined pathway' to production with drilling at Songwe Hill underway

Mkango Resources Ltd on 'clearly defined pathway' to production with drilling at Songwe Hill underway: Mkango Resources on 'clearly defined pathway' to production with drilling at Songwe Hill underway
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14:17 21 Aug 2018
Mkango is now well underway with the largest drill programme to date at Songwe

Old Mutual rebrands, readies for growth - The Nation Online

Old Mutual rebrands, readies for growth - The Nation Online: Old Mutual rebrands, readies for growth Staff Writer August 21, 2018 0 Comments Old Mutual Limited has unveiled a new brand identity to reflect its fresh customer-led approach and stronger focus on Africa. In a statement yesterday quoting chief marketing officer Vuyo Lee, the company, which had its primary listing on Johannesburg Stock Exchange (JSE) in June this year, said the new visual personality draws on the optimism, vibrancy and seize-the-day spirit of the continent, reinforcing the message of ‘Made in Africa for Africans’

Treasury to issue K20bn 3-year note - The Nation Online

Treasury to issue K20bn 3-year note - The Nation Online: Treasury to issue K20bn 3-year note Orama Chiphwanya August 21, 2018 0 Comments Treasury will on Thursday issue a K20 billion three-year Treasury Note which will later be listed on the Malawi Stock Exchange (MSE) to refinance rising domestic debt. The Treasury Note—a government debt security with a fixed interest rate and a maturity of between one and 10 years—will be issued at a coupon (interest) rate of 14 percent, which is above the inflation rate currently at 8.6 percent

Lilongwe Business Park creates 200 jobs—official - The Nation Online

Lilongwe Business Park creates 200 jobs—official - The Nation Online: Lilongwe Business Park creates 200 jobs—official Christopher Jimu August 21, 2018 0 Comments China Lilongwe Grand Holdings Limited, which is building a $100 million (about K73 billion) Lilongwe Business Park, says it has created 200 jobs for Malawians so far. Speaking in an interview on Friday in Lilongwe, the firm’s executive president Zanjiang Ma said, so far,� they have employed builders and other artisans, but once completed, 1 500 jobs will be created.

300MW coal-fired power plant process takes off - The Nation Online

300MW coal-fired power plant process takes off - The Nation Online: 300MW coal-fired power plant process takes off
Orama Chiphwanya August 22, 2018 0 Comments
�

After three years of talk and no action, the process to start work on the 300 megawatts (MW) Kam’mwamba Coal-Fired Power Plant Project in Neno, with a lifespan of 30 years, seems to have started, The Nation has been established.

Kam’mwamba Power Generation Company Limited (KPGC), a special purpose vehicle to implement the project, is seeking suppliers of limestone of between 17 600 and 21 000 tonnes per year, to be used during the operation of the power plant

Mkango intersects extensive zones of rare earths mineralisation at Malawi project

Mkango intersects extensive zones of rare earths mineralisation at Malawi project: Mkango intersects extensive zones of rare earths mineralisation at Malawi project 21ST AUGUST 2018 BY: SIMONE LIEDTKE WRITER SAVE THIS ARTICLE �����EMAIL THIS ARTICLE FONT SIZE: - Aim- and TSX-V-listed Mkango Resources has revealed the results of exploration drilling on the first eight holes, totalling 944 m of its targeted 10�000 m diamond drilling programme, at the Songwe Hill rare earths project, in Malawi. The drilling programme, which is focussed on infill drilling to confirm and upgrade the existing indicated and inferred mineral resource estimates, is a key component of the ongoing feasibility study for Songwe Hill and will be testing the extensions to the mineralisation and geotechnical drilling.

Mkango Resources encouraged by drilling results at Malawi rare earths project, 21 Aug 2018 09:13 | Shares Magazine

Mkango Resources encouraged by drilling results at Malawi rare earths project, 21 Aug 2018 09:13 | Shares Magazine: Mkango Resources encouraged by drilling results at Malawi rare earths project
21 August 2018, 09:13Source - SMW
Mkango Resources said it had generated encouraging results from test drilling at its Songwe Hill rare earths project in Malawi.

Highlights from the first eight wells included 147.2m grading 1.6% of total rare earths oxides, the company said.

'These are an excellent first set of results from the current programme and we look forward to announcing results from the remaining approximately 75 drill holes as they become available,' the company said.

Lower Shire Cooperative lands a K177m US grant - The Nation Online

Lower Shire Cooperative lands a K177m US grant - The Nation Online: United States African Development Foundation (USadf), an independent US agency that provides grants,� has given Lower Shire� Rice Secondary Cooperative Society� a grant amounting to $241 738 (about K177 million) to boost rice output.

The grant,� which will be disbursed over a five-year period, will assist the cooperative to procure farm and production� equipment, establish a farm input revolving and crop purchase� fund, training and technical assistance

Salima Sugar Company output to rise 185% - The Nation Online

Salima Sugar Company output to rise 185% - The Nation Online: Salima Sugar Company output is expected to jump by 185 percent to 100 000 metric tonnes (MT) this year from last year’s 35 000 MT, an official has said.

In an interview on Friday, the firm’s chairperson Shirieesh Betgiri attributed the anticipated increased output to good weather and increased hectarage for sugarcane.

New energy policy to boost power sector - The Nation Online

New energy policy to boost power sector - The Nation Online: Cabinet has approved the much-awaited National Energy Policy (NEP), which promises to increase access to affordable, reliable, sustainable, efficient and modern energy services.

However, stakeholders in the energy sector say the policy should deliver on its promises.

Ministry of Natural Resources, Energy and Mining spokesperson Saidi Banda said in an interview on Tuesday the review of the 2003 National Energy Policy was necessitated by several reasons, including the fact that the policy had outlived its five-year lifespan and had several shortfalls

Govt seeks donors in horticulture sector - The Nation Online

Govt seeks donors in horticulture sector - The Nation Online: Govt seeks donors in horticulture sector
Christopher Jimu August 17, 2018 0 Comment
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The Ministry of Agriculture, Irrigation and Water Development has asked development partners to provide money to boost the horticulture sector which has the potential to grow the agricultural sector.

The ministry’s assistant chief agriculture officer (horticulture) Mathias Nkhoma said this on Wednesday in Salima on the sidelines of a four-day market oriented smallholder horticulture empowerment and promotion project (Ma-Shep) technical training for extension staff organised by Japan International Cooperation Agency (Jica).

High prospects for oil in Malawi – Mining & Trade Review | Mining in Malawi

High prospects for oil in Malawi – Mining & Trade Review | Mining in Malawi: July 2018 � by Rachel Etter-Phoya � in Oil & Gas. � High prospects for oil in Malawi By Chiku Jere Exploration work currently being pursued by multinational firms in Malawi’s stretch of the oil rich Great African Rift Valley has unveiled high prospects for oil discovery

Alex Lemon, Mkango Resources Ltd (TSX-V: AIM: MKA) Interview - Share Talk

Alex Lemon, Mkango Resources Ltd (TSX-V: AIM: MKA) Interview - Share Talk: Alex Lemon (Co-founder & President) of Mkango Resources Ltd answers shareholders questions and�gives us an update on major diamond drilling programme that commenced – June 2018 at the Songwe Hill Rare Earths Project (“Songwe”) in Malawi. The drilling programme is a key component of the Feasibility Study for Songwe, which is being fully funded by Talaxis Limited (“Talaxis”), a subsidiary of Noble Group Ltd.

Escom electricity goes up by 7 pct | The Times Group

Escom electricity goes up by 7 pct | The Times Group: Tariff hikes drive commodity prices

Electricity Supply Corporation of Malawi (Escom), has quietly hiked the electricity tariff by seven percent as consumers await the approval of a 60 percent electricity tariff hike.

This means that K1,000, which was buying 18.5 units as at July 14 2018, is now buying 17.6 units

Sovereign Metals recovers high grade rutile at Malingunde in Malawi

Sovereign Metals recovers high grade rutile at Malingunde in Malawi: Sovereign Metals reports the discovery and successful metallurgical separation of high grade rutile (TiO2) from within the soft, saprolite-hosted graphite deposit at Malingunde in Malawi.

Central Africa - Sovereign Metals�is focused on future low-cost production of high quality graphite concentrates at�Malingunde.

Recent test work highlighted the potential to produce rutile as a valuable co-product from
the graphite tailings.

Importantly, clean rutile concentrates are produced via a simple process flow sheet using traditional flotation for graphite and typical mineral�sands separation methods.

“Sovereign Metals is focused on developing the�world-class, low-cost graphite operation at Malingunde," comments Sovereign Metals MD�Dr Julian Stephens.

"The discovery of rutile-leucoxene as a potential�co-product, produced from the graphite tailings via a simple process flow sheet provides the potential for�additional revenue streams and enhanced project value.

Malawi Stock Exchange Monthly Market Performance Report - July 2018

Malawi Stock Exchange Monthly Market Performance Report - July 2018: Malawi Stock Exchange Monthly Market Performance Report - July 2018
Date 14/08/2018

The market transacted a total of 13,787,978 shares at a total consideration of MK590,259,713.23 (US$813,416.67) in 97 trades. In the previous month, June 2018, the market transacted a total of 6,468,082 shares at a total consideration of MK213,441,483.83 (US$294,129.07) in 86 trades. This reflects a 113.17% increase in terms of share volume and a 176.54% (176.55% in US Dollar terms) increase in share value. Of the total shares traded, 10,000,000 NICO shares were traded as a special bargain.

Cama brands Escom most corrupt, inefficient - The Nation Online

Cama brands Escom most corrupt, inefficient - The Nation Online: Consumers Association of Malawi (Cama) executive director John Kapito has branded Electricity Supply Commission of Malawi (Escom) the most corrupt, nonperforming and State captured institution.

The consumer rights watchdog has since urged Escom to improve if it is to effect the tariff hike it is seeking to implement over the next four years.

China advances plan to build $2.5bn Zimbabwe to Mozambique railway - News - GCR

China advances plan to build $2.5bn Zimbabwe to Mozambique railway - News - GCR: China advances plan to build $2.5bn Zimbabwe to Mozambique railway
13 August 2018 | By GCR Staff
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China Railways has proposed the construction of a $2.5bn rail link between the neighbouring states of Mozambique, Zambia, Malawi and Zimbabwe. As with the high-speed, east-to-west links in Kenya and Tanzania, the aim will be to give landlocked countries – and the Chinese companies operating there – access to Indian Ocean ports.
According to the website Macauhub, the “Trans-Zambezi” line was discussed by a delegation from China Railways, headed by Vice President Shao Gang, which flew into Harare at the end of last month

Malawi News Agency Online - Malawi and Zambia sign power supply pact

Malawi News Agency Online - Malawi and Zambia sign power supply pact: Lilongwe, August 10, 2018: Electricity Supply Corporation of Malawi (ESCOM) and Zambia Electricity Supply Corporation (ZESCO) on Wednesday this week signed a power supply agreement which will see Malawi import 20 megawatts (MW) of electricity from Zambia by the end of September, 2018.�

It is largely believed that the signed power supply agreement will boost chances of foreign investors to come and invest in Malawi besides the development reducing hours of power interruption amongst the citizens.

Minister of Natural Resources, Energy and Mining, Aggrey Masi, witnessed the signing ceremony on August 8 (2018) in Lusaka, Zambia between the two power supply institutions.

Briefing the media in Lilongwe on Thursday on his arrival from Zambia, Masi described the power supply agreement as a historical achievement.
“The signed power agreement is a landmark achievement. With these 20 megawatts, we will be greatly assisted,” he said.

Environmental Close Up on Sunday; Inside Malingunde Graphite Project in Lilongwe - The Maravi Post

Environmental Close Up on Sunday; Inside Malingunde Graphite Project in Lilongwe - The Maravi Post: LILONGWE-(MaraviPost)-The Malingunde Graphite Project is one of the country’s mining which will be located approximately 15 kilometers (km) southwest of the capital Lilongwe.

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At the hem of Traditional Authority (T.A) Masumbankhunda, the project is under feasibility studies to determine the viability of a Graphite mine.

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Currently, Sovereign Metals Services is also conducting an environmental and social impact assessment (ESIA), as a requirement by the Environment Management Act (No 19 of 2017).

Malingunde Graphite Project feasibility study underway - The Nation Online

Malingunde Graphite Project feasibility study underway - The Nation Online: Malingunde Graphite Project feasibility study underway Malawi News Agency August 10, 2018 0 Comments � Sovereign Metal Services Limited, an Australian mining firm, has said a feasibility study on the Malingunde Graphite Project in Lilongwe is underway to determine the viability of the project. The firm’s country manager Andries Kruger said during an awareness meeting in Lilongwe on Wednesday that they are also conducting exploration works which include conducting technical studies of the project area.

Malawi tobacco revenue rises 35 percent | Reuters

Malawi tobacco revenue rises 35 percent | Reuters: LILONGWE, Aug 10 (Reuters) - Revenue from Malawi’s major export crop tobacco has risen 35 percent compared to last year and could exceed $300 million by the end of the season later this month, industry data showed on Friday. The industry regulator Tobacco Control Commission (TCC) said the increase stemmed in part from an influx of leaf imports from neighbouring Zambia and Mozambique, which Malawi sold on.

Mkango Resources Ltd updates on drilling at Songwe Hill project

Mkango Resources Ltd updates on drilling at Songwe Hill project: Mkango Resources Ltd (LON:MKA) has updated on a major diamond drilling programme at its Songwe Hill Rare Earths project in Malawi.

The AIM-listed miner said a total of 6,558m of drilling had been completed as of August 8, comprising 52 drill holes to a maximum depth of around 220 metres, with multiple zones of carbonatite, the primary host rock for rare earth mineralisation at Songwe, being intersected.

REcent Uranium Prices

UxC: Ux Prices

‘Proposed 60% Escom power hike will hurt economy’ | The Times Group

‘Proposed 60% Escom power hike will hurt economy’ | The Times Group: If you are using K20 000 on electricity, the proposed 53 percent hike would see you spending above K30 000 from September this year, says Malawi Confederation of Chambers of Commerce and Industry (MCCCI).

MCCCI Chief Executive Officer, Chancellor Kaferapanjira, warned that the proposed 60 percent tariff hike by Electricity Supply Corporation of Malawi (Escom) over the next five years will crash the economy.

Mkango Resources on 'clearly defined pathway' to production with drilling at Songwe Hill underway

Mkango Resources on 'clearly defined pathway' to production with drilling at Songwe Hill underway: Mkango Resources on 'clearly defined pathway' to production with drilling at Songwe Hill underway
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14:17 06 Aug 2018
Mkango chief executive William Dawes said the group was "excited" to commence what will be the largest drill programme to date at Songwe.

Malawi's Songwe-Kasumulu "One Stop Boarder Post" on course-Trade Minister Mussa - The Maravi Post

Malawi's Songwe-Kasumulu "One Stop Boarder Post" on course-Trade Minister Mussa - The Maravi Post: LILONGWE-(MaraviPost)-The much awaited�One Stop Boarder Post� at Songwe/Kasumulu is likely to take its shape following World Bank and African Development (ADB) funds approval for conducting feasibility studies. � The project has been long overdue after Malawi government initiated the construction of the posts for easy business transactions of the country’s neighbors including Tanzania. �

Malawi moves to boost Agoa exports - The Nation Online

Malawi moves to boost Agoa exports - The Nation Online: Malawi moves to boost Agoa exports
Orama Chiphwanya August 6, 2018 0 Comments
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Faced with falling exports through the United States (US) trade window, African Growth and Opportunity Act (Agoa), the Ministry of Industry, Trade and Tourism says it has instituted policies to reverse the trend.

Latest trade figures from Agoa— a US government trade window that targets 40 least developed countries, including Malawi—shows that in 2017, export earnings dropped by about 17 percent to� $62.1 million (about K45 billion) from $74.4 million (about K54 billion) the previous year.

Govt tipped on pension funds - The Nation Online

Govt tipped on pension funds - The Nation Online: Govt tipped on pension funds Orama Chiphwanya August 4, 2018 0 Comments With the country’s pension funds rapidly increasing, corporate and financial strategist James Kamwachale Khomba has advised government to put the pool of resources into long term profitable investments. Since the new Pension Act enactment in 2011, Malawi’s pension industry has been among the world’s fastest-growing following the sharp growth in pension savings and assets, growing at an average of 34 percent annually.

Economic Expert Warns on Delays to Sign IPPs

Economic Expert Warns on Delays to Sign IPPs: An economic expert has warned delays by government to bring in Independent Power Producers (IPPs) would derail efforts to grow the economy with 7% per year as touted by President Peter Mutharika.

Gilbert Kachamba, a lecturer at the Catholic University, observed in an interview with Zodiak Online failure to add more power to the national grid is heavily impacting on employment and cost of production.

Kachamba warns that the delays to address power problems have the potential to change the economic course of the country.

Malawi tobacco rakes in US$271 million | Malawi Nyasa Times - Malawi breaking news in Malawi

Malawi tobacco rakes in US$271 million | Malawi Nyasa Times - Malawi breaking news in Malawi



Malawi tobacco rakes in US$271 million
August 2, 2018 Nyasa Times Reporter 3 Comments
Tobacco, the country's green gold, has raked in US$271 million, US$60 million more than last year at the same
tobacco markets, same time.

uxc u308 prices - Google Search

uxc u308 prices - Google Search: UxC Nuclear Fuel Price Indicators (Delayed-72)
Weekly Spot Ux U3O8 Prices as of July 30, 2018 [Change from previous week]
1 US$ = 0.85356 €‡
U3O8 Price (lb) $25.70 €21.94
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https://www.uxc.com/p/prices/UxCPrices.aspx

U3O8 daily spot price rises 50 cents from one week ago to $24/lb | S&P Global Platts

U3O8 daily spot price rises 50 cents from one week ago to $24/lb | S&P Global Platts:


Houston — The daily spot price of uranium Tuesday was $24 a pound, up 50 cents from July 17. The increase was seen in part as stemming from the US Department of Commerce's July 18 announcement that it had initiated an investigation into uranium imports that was requested by two US uranium producers, who also asked that the Trump administration require US reactor operators buy 25% of their material from domestic producers, according to price reporting company TradeTec