Heavy maize imports to weaken local prices | The Times Group

Heavy maize imports to weaken local prices | The Times Group: Heavy maize imports to weaken local prices Posted By: Taonga Sabolaon: November 03, 2016In: BusinessNo Comments The Agricultural Commodity Exchange for Africa (ACE) says heavy maize imports by authorities and cooperating partners could lead to the collapse of local maize prices.

China to build Zambia - Malawi rail link

China to build Zambia - Malawi rail link: China to build Zambia - Malawi rail link Written by� Keith Barrow PrintEmail inShare A contract to construct a rail link between central Zambia and the Malawian border was signed in the Zambian capital Lusaka on November 2 by minister of transport and communications Mr Brian Mushimba and representatives of China Railway Construction Corporation.

Tobacco earnings hit $240 million | The Times Group

Tobacco earnings hit $240 million | The Times Group: Tobacco earnings hit $240 million Posted By: Taonga Sabolaon: October 27, 2016In: BusinessNo Comments Malawi has so far realised a total of $240 million from tobacco sales since the start of the tobacco market this year, figures released by Auction Holdings Limited indicate. The figures show that a total of 159.5 million kilogrammes of the green gold have been sold at an average price of $1.51 per kilogramme

Information blackout blocking investments | The Times Group

Information blackout blocking investments | The Times Group: Information blackout blocking investments
Posted By: Kingsley Jassion: November 01, 2016In: BusinessNo Comments
Malawi may be losing out on Foreign Direct Investments (FDIs) from China after some investors in that country revealed they lack information on the investment opportunities available in Malawi.

China is among the world’s leading sources of FDIs and accounts for the largest inflow into African but Malawi is only tapping a small percentage of the investment flow.

Uranium Pain Seen Worsening by Paladin as Glut Extends Slump - Bloomberg

Uranium Pain Seen Worsening by Paladin as Glut Extends Slump - Bloomberg: Uranium producers should brace for a longer period of lower prices as the fuel extends its decline to an 11-year low amid a glut, according to Australian miner Paladin Energy Ltd.

Mkango's Songwe Hill Phalombe licence renewed until January 2019

Mkango's Songwe Hill Phalombe licence renewed until January 2019: Mkango’s Songwe Hill Phalombe licence renewed until January 2019 The Government of Malawi has granted dual-listed rare earths junior Mkango Resources a further two-year renewal for its Phalombe licence.

Mkango Resources Ltd looking at long term production potential at Phalombe licence

Mkango Resources Ltd looking at long term production potential at Phalombe licence: These are exciting times for rare earths explorer Mkango Resources Ltd (LON:MKA, CVE:MKA). Not only is it bullish on the outlook for the rare earth sector, it also has one of the few advanced stage rare earth projects in the world. Last year's prefeasibility study for its Songwe Hill project in Malawi outlined an inferred and indicated resource of 32mln tonnes of rare earths, with the potential for a long 18-year mine life exploiting just the higher confidence indicated material.

No reprieve on uranium prices

uranium prices - Google Search

Firm to invest $2BN, To create 1 000 jobs

(7) Malawi Nation - Timeline: Firm to invest $2BN, To create 1 000 jobs CHRISTOPHER JIMU Staff Reporter As details of the trickle-down effects of the just-ended Malawi Investment Forum (MIF) 2016 emerge, a South African property investment firm, Nedebe Group, plans to spend about $2 billion (K1.4 trillion) in infrastructure development in Lilongwe. Nedebe Group was one of the foreign firms that pitched up at the two-day MIF 2016, which ended on Tuesday at Bingu International Convention Centre (Bicc) in Lilongwe and was officially opened by Vice-President Saulos Chilima.

Mozambique: Renamo Attacks Coal Train in Nampula - allAfrica.com

Mozambique: Renamo Attacks Coal Train in Nampula - allAfrica.com: Maputo — Gunmen of the Mozambican rebel movement Renamo attacked a train belonging to the coal mining company Vale-Mozambique in the northern province of Nampula, in the small hours of Thursday morning. At a Friday press conference in Nampula city, the spokesperson for the provincial police command, Zacarias Nacute, said the attack took place in Mutuali, in Malema district at about 01.00. The Renamo gang caused damage to the front of the locomotive, and shattered windows. Shards of glass hit the train driver, causing slight injuries. The train was taking coal from Vale's open cast mine at Moatize, in Tete province, to the new mineral port at Nacala-a-Velha, on the Nampula coast. Nacute said that Renamo attempted, unsuccessfully, to set the locomotive on fire. He said the police have now sent a unit to the site of the attack to guarantee public order and tranquillity. “Unfortunately we were unable to neutralize any of the attackers”, Nacute added, “but the police are on the spot working to assess the circumstances of the attack, and discover the whereabouts of those carrying out armed attacks in our province, so that they may be taken to justice”. This is the second attack on the northern rail corridor in less than a week. On Monday night Renamo attacked a goods train between Cuamba and Nampula cities, and injured one member of its crew. This train was carrying empty wagons back to port, and was not owned by Vale. There are two railways which Vale can use to take coal to port. One is the Sena line, which runs from Tete province to the port of Beira. The second is the new line, financed by Vale, which runs from Moatize through southern Malawi, and then links up with the existing northern corridor. This line was built to accommodate extremely long coal trains carrying the mineral to Nacala-a-Velha. When its trains on the Sena line suffered two attacks, Vale suspended the use of this railway about two months ago. Now it may feel obliged to suspend traffic on the line to Nacala as well. Transport Minister Carlos Mesquita, cited by the radio station “Voice of America”, said he recently held a meeting with Vale representatives to persuade the Brazilian company to resume its use of the Sena line. He assured them that the defence and security forces would protect the line. Mesquita also told the radio that the interruption of coal traffic along the Sena line had caused losses of around 50 million US dollars to the publicly-owned ports and rail company, CFM. Renamo's attacks on roads and railways are reminiscent of its tactics during the war of destabilisation in the 1980s and early 1990s, when it sought to throttle the Mozambican economy by destroying the transport network. During this period it completely ruined the Sena Line, which, after the 1992 peace agreement, had to be completely rebuilt at great expense. Mozambique Govt Used Secret Loans to Finance Arms - Report More than half of the more than $2 billion in secret loans around Ematum and maritime security have never been…�Read�more�� Copyright � 2016 Agencia de Informacao de Mocambique. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here. AllAfrica publishes around 1,100 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct. Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us. MORE FROM: AIM Mozambique: Audit of Undisclosed Loans Will Be Public, Says IMF Mozambique: Government Promises 'Every Effort' in Pondeca Case Mozambique: Fisheries Minister Downplays Ematum Strike