Songwe Hill project impresses minister

Post was last updated: August 13, 2019

By Francis Namondwe:

The government has spoken highly of Rare Earth elements exploration process at Songwe Hill by dual listed mining firm, Mkango Resources, rating the mine as the next big thing.

Natural Resources, Mines and Energy Minister Bintony Kutsaira said this on Wednesday when he toured the mine.

The exploration process is said to have reached an advanced stage.

Kutsaira said mining is on the government’s agenda of transforming the economy of the country; hence, its commitment to see the process finalised within set timeframe.

“The mining sector can bring the much-needed forex into the country,” Kutsaira said.

Kutsaira said the project offers hope to Malawi as chances of having an operational rare earth mine in the near future were high.

He said once the bankable feasibility studies were successful and a mine was constructed, the mine would create job opportunities.

“This is a long-term project and we expect Malawians to be employed on the site at all levels. Already, Mkango is doing very well by engaging local experts and trainees in all the stages of the project. This will also help our people to acquire skills from your experts,” Mkango said.

Mkango Resources President, Alex Lemon, promised to continue engaging the government and communities at all levels on the project.

“Our exploration project has been running since 2010 and, so far, we have had very positive and successful exploration results and look forward to announcing further exciting results from the ongoing bankable feasibility studies,” he said.

Mkango explores rare earths elements and associated minerals at Songwe, Thambani and Chimimbe hills in Malawi.

Let us know what you think of this update and remember to add us on our facebook and follow us on our twitter. Make sure to come back daily for more Malawi business news updates.

Quick Links: Malawi Banking News | Malawi Technology News | Download Business eBooks | Ten Signs You Are An Entrepreneur | What is a Managing Director?

Today’s top business story: Top Commercial Banks In Malawi

Source link