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Thursday, June 29, 2017

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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Wednesday, June 28, 2017

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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Tuesday, June 27, 2017

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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Saturday, June 24, 2017

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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Friday, June 23, 2017

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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