Vale and Nation Agree on New Railway

19 April 2011

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Maputo — The Malawian government and the Brazilian mining company Vale on Monday signed a memorandum of understanding in the Malawian capital, Lilongwe, on the construction of a new railway across southern Malawi.

The agreement was witnessed by Mozambican Transport Minister Paulo Zucula."

Paladin achieves record uranium sales for March quarter, downgrades guidance

PERTH (miningweekly.com) - ASX- and TSX-listed uranium miner Paladin Energy has reported record uranium sales for the quarter ended March, despite a 4% decrease in production figures.

During the three months to March, Paladin sold around 1,4-million pounds of uranium oxide (U3O8), generating a record revenue of $92,5-million."

Paladin defends N-power, warns of supply shock | The Australian

URANIUM miner Paladin has stepped up its criticism of international reporting on the unfolding nuclear crisis in Japan, saying the media is 'obsessed' with the incident and that nuclear power is inherently safe.

The Africa-focused miner also downgraded its annual production guidance, blaming bad weather and fuel shortages at its mines in Namibia and Malawi.

Paladin is among global uranium miners whose shares have been hammered since the March 11 earthquake and tsunami in Japan triggered an emergency at the Fukushima Daiichi nuclear power plant that has yet to be fully brought under control"

Fukushima effect hits uranium producer

Fukushima effect hits uranium producer: "Fukushima effect hits uranium producer

March 30, 2011
What's new? Occasionally, during market panic, good-quality companies are thrown out with the bad. This can create opportunities and one is right at ground zero as far as the present volatility is concerned. Paladin Energy suffered a vicious bout of selling as soon as the market became aware of Japan's nuclear crisis."

Lynas Completes the Acquisition of Rare Earths Resource

• Lynas has completed the acquisition of the fully permitted Kangankunde Rare Earths

Resource in Malawi, Africa for the contract sum of US$4 million
TO READ MORE CLICK HERE

World Bank to Support Good Governance in Malawi’s Emerging Mining Sector

 "World Bank to Support Good Governance in Malawi’s Emerging Mining Sector
01/04/2011 03:17 (00:59 minutes ago)
The FINANCIAL -- WASHINGTON. The World Bank Board of Directors on March 31 approved a $25million credit to support the Malawi Government improve management and governance of its nascent mining sector. The funds will be provided through the Mining Governance and Growth Support Project."
 TO READ MORE

Malawi to manufacture life-extending HIV drugs

Malawi to manufacture life-extending HIV drugs:

NEW DEHLI, India—Malawi, hit by the HIV-Aids epidemic, will start manufacturing antiretroviral (ARV) drugs after the construction of a $390 million (Malawi Kwacha 52 billion) pharmaceutical plant, Secretary for HIV and Aids and Nutrition Dr. Mary Shawa has said.TO REAM MORE CLICK HERE

Globe Metals and Mining : Globe Metals & Mining Limited (ASX:GBE) Power Feasibility Study - Mota Engil - Kanyika Project

Globe Metals and Mining : Globe Metals & Mining Limited (ASX:GBE) Power Feasibility Study - Mota Engil - Kanyika Project: "Power Feasibility Study – Mota-Engil – Kanyika Niobium Project

Highlights

- Mota-Engil to conduct a study into power options for the Kanyika Niobium Project, including hydro and diesel power
- Study to assess technical and economic aspects of the supply of power to the Project, including a review of existing surveys of water flows and volumes in adjacent river systems
- MOU between Globe and Mota-Engil for the supply of power to the Project by Mota-Engil
"

Malawi’s Benchmark Tea Price Jumps 15% Amid Improved Demand, Manager Says - Bloomberg

Malawi’s Benchmark Tea Price Jumps 15% Amid Improved Demand, Manager Says - Bloomberg: "Malawi’s
The benchmark price of tea in Malawi, Africa’s largest producer of the crop after Kenya, jumped 15 percent at auction amid improved demand, according to Tea Brokers Central Africa, which manages the country’s sales."

India Exim offers credit to Malawis agri projects - Trade Finance - March 2011

India Exim offers credit to Malawis agri projects - Trade Finance - March 2011: "ndia Exim offers credit to Malawi’s agri projects
17 March 2011
India Exim extends a line of credit to the Malawi government to finance projects in the agricultural sector.

Read more: [export credit agency] [eca] [India Exim] [Malawi] [agricultural projects] [line of credit]

The Export- Import Bank of India (India Exim) has extended a $50 million line of credit to the Malawi government to finance projects in the agricultural sector.

Funds..."