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I still reckon Pulawy is in play as I do not think they will be able to fully refine in Malawi the chemical process is very very technical but they will sell the chemical processing that will occur to refine the product as fully processing as it plays well politically
Again I do not think Mkango would be signing this off without the MDA being doable for any potential partner or without knowing where the funding will come from as they could have hung on for the coming Sovereign MDA play
So I think things could get exciting from now on in and blimey its about time...
completely get all the frustration here and hope that now can be positively lifted
News flow we’re expecting from Hypromag combined with this is going to provide some incredible coverage for the company. I see grant funding being no problem, either EU or US or joint.
African nations are really keen to do the processing as well as have the mines
I think Alex is playing this as in ... look we are giving you the processing too!
Which is half true lol it is not the final product but indeed is a part processed one creating good political wins for the Ministry who can say look we get to do the processing too which means more jobs
I think what is exported is a 'purified' mixed earth product which is then to be separated in Pulawy ... into each individual rare earth element...
I like how Alex is doing good politics there with all the potential advantages to Malawi both local to Songwe and the Nation as a whole....
Also, Monica is keen on extending the mine life to 50+ years which means that the other REE deposits in the licence will come into play too not just Songwe...
The plan was for a value-added product exported from Malawi so at least partly chemically processed... Must admit this from that article now sounds like it may be more than that but would need clarification from Mkango... Refining is the most difficult aspect of REE production so not sure it is possible to fully perform in Malawi which is why the Pulawy plan
Mkango Mines in Phalombe District is expected to construct a chemical plant at Songwe Hill that would be processing rare earth stones into a finished product before exporting it.
Speaking in an interview on Friday after the Minister of Mining toured the hill where the mining will be taking place, Mkango Mines Resources President Alexander Lemon said the processed product would help raise the country’s economy by bringing forex.
“This is a huge project and once we start mining, processing and exporting the rare earth stones, Malawi’s economy would change because of the forex that would be generated from the exportation of the finished product.
Lemon added that the construction of the chemical plant at the site would also improve the livelihood of communities around Phalombe, as they expect to create over 1,500 jobs at the construction site once the operations start.
He further said the mining industry would also bring along transportation and construction businesses at, among others, Migowi, which is earmarked as the new Phalombe District Boma.
Lemon also said the by-products from the processed rare earth stones would be used to make NPK and groundnuts fertilisers and cement.
“This would also reduce forex the country uses to import fertiliser and cement because it would be us now exporting the by-products to Zambia, Zimbambe and Tanzania which can also reduce the prices of the products at the local market,” he said.
Minister of Mining Monica Chang’anamuno said the mining project would help Malawi in so many areas because it has a minimum mining life of 18 years, but can be extended to 50 years and more.
https://nthandatimes.com/mkango-mines-set-to-process-rare-earth-stones/
This has been a game both by Malawi and Mkango each wanting more than the other could accept..
https://twitter.com/Share_Talk/status/1723281539201446216/photo/1
Clearly, Monica is signing off documents there ...we have never seen that or had words as we have now come from Mkango so to my mind it's a done deal it now has to go off to the Attorney General to be signed off ...which is a process in itself
The big question is who will finance the mine and when... I'd think we learn that soon and that is the real excitement for us ....Mkango could have played a longer hardball game with Malawi and got in under Soverigns MDA as Malawi absolutely loves that Rutile project and has even appointed a minister to getting that mine over the line so they will surely get a super deal ......
Also worth remembering Mkango has Rutile and Graphite possibly even more than Sovereign on its exploration licenses and it has Uranium...
I never got the writing off of Malawi from some pi's ... this also now unlocks Pulawy...I noticed Mkango as well as the US Embassy also linked in the EU to their Tweet,,,, are interesting times ahead with commercial HyproMag anytime now and potential coming from the US from Japan and Canada
I will believe it when I see it, in black and white, in an RNS.
Until then, my view of the local politicians and my degree of trust in them, remains unchanged.
Their populace has needed this badly for a long time now. Their economic situation is getting worse by the day. The geopolitical stakes also continue to rise.
But at least we will know within three or four weeks at most now IMO, one way or the other. GLA.
#Exclusive The #Malawi government sets December 2023 as the deadline for finalising the agreement with
@MkangoResources MDA documentation #MKA
https://twitter.com/Share_Talk/status/1723435192390447376
Mining Minister Monica Chang’anamuno visited Mkango Resources Limited’s rare earth mining project yesterday at Songwe Hill in Phalombe district.
https://www.share-talk.com/minister-of-mining-hon-monica-changanamuno-mp-mkango-resources-mining-development-agreement-by-year-end/
Wish I'd posted 'Wouldn't want to be out of this over the weekend' on Friday. Could have been the 1st time I've actually been right.
Https://twitter.com/Share_Talk/status/1723281539201446216
Responding to surrounding communities’ concern about delays to give the company the go-ahead to set up actual mining works, Chang’anamuno hinted that processes to have the mining development agreement signed and the mining licence delivered to Mkango would be concluded by the end of this year.
https://www.share-talk.com/minister-of-mining-hon-monica-changanamuno-mp-mkango-resources-mining-development-agreement-by-year-end/
Pretty sure we've been here before but one day Rodders .........
Sounds like with Lotus the MDA is agreed and now at signing off process
IMHO there will be no MDA signing without whoever is funding it giving the yes it's doable...US most likely.... could get v interesting soon
Fantastic tweet to wake up to.
Great info and links.
Monday should be interesting!
Reacting to the minister’s remarks, Mkango Resources’ president, Alexander Lemon, expressed excitement that after so many years of investment, the project is finally set to get off the ground and begin contributing to the country’s socio-economic development.'
Thanks Crumbs to share this article with us !
Mkango has tweeted and confirmed the meeting and it’s positivity.. Shouldn’t ever assume anything but this looks like it could happen imminently.
https://x.com/mkangoresources/status/1723277540314304880?s=46&t=RAICM0TiEpZVwKhrYD5Rbw
Monica "Responding to surrounding communities’ concern about delays..."
The locals are frustrated too, clearly, need to get going on jobs and the local royalty filling the coffers. Come on 😤
Awesome to see, cheers Crumbs. The MDA was "apparently" dead and buried before the last presentation, then we were told point blank there is no reason we wont get it. Yet again, assumptions have been made, when in reality a lot is happening in the background on all fronts.
Alex pointing to where the SP is headed :)))
https://www.facebook.com/photo?fbid=722641136550490&set=pcb.722641216550482
Great to actually hear Lemon on it ... and to see in the pics he is there in the country at Songwe with the minister
I keep nibbling up the shares no matter who the heck keeps that selling pressure up... they can't last can they ! :)
Seems we could be in for some end of year action... on all fronts!
'Mining Minister Monica Chang’anamuno is this morning visiting Mkango Resources Limited’s rear earths mining project at Songwe Hill in Phalombe district.
The visit comes several months after the Canadian Lancaster Exploration Limited’s subsidiary concluded all exploratory and other works including the environmental and social impact assessment whose report was approved at the beginning of this year.
Responding to surrounding communities’ concern about delays to give the company the go-ahead to set up actual mining works, Chang’anamuno hinted that processes to have the mining development agreement signed and the mining licence delivered to Mkango would be concluded by the end of this year.
Reacting to the minister’s remarks, Mkango Resources’ president, Alexander Lemon, expressed excitement that after so many years of investment, the project is finally set to get off the ground and begin contributing to the country’s socio-economic development.'
Capital FM Malawi
https://www.facebook.com/CapitalFMMalawi
'The EU is moving forward with new legislation to boost the recycling of rare earths contained in permanent magnets, used in everything from wind turbines to electric vehicles as well as home appliances like washing machines and microwave ovens.
Last month, the European Parliament voted on its position on the EU’s proposed Critical Raw Materials Act, which aims to bolster EU self-sufficiency in the minerals needed for the green and digital transitions.
The draft legislation, which still needs to be agreed by EU member states before it becomes law, introduces aspirational targets for the extraction, processing and recycling of key raw materials in Europe in a bid to reduce the EU’s reliance on imports from countries like China.
Among the new provisions put forward in the legislation are measures to boost the recycling of permanent magnets that are used in wind turbines, electric vehicles and home appliances like heat pumps and washing machines.
“Permanent magnets are incorporated in a wide variety of products, with wind turbines and electric vehicles being the most important and fastest-growing applications,” says the European Parliament report, approved in September.
New EU rules are spelt out in Article 27 of the draft regulation, which obliges manufacturers to disclose information about “the weight, location and chemical composition of all individual permanent magnets” included in their products and provide instructions on how to access and remove them.
Article 28, meanwhile, requires manufacturers to “make publicly available on a free access website the share of neodymium, dysprosium, praseodymium, terbium, boron, samarium, nickel and cobalt” contained in their products so that those materials can be collected and recycled.
The European Commission would subsequently adopt specific implementing rules requesting minimum shares of recycled materials to be incorporated in the manufacturing of new permanent magnets.
These rules should be adopted “no later than 31 December 2030” in a series of special delegated acts “laying down minimum shares” for critical raw materials recovered from post-consumer waste, the draft regulation says.'
https://www.euractiv.com/section/circular-materials/news/eu-readies-new-recycling-goals-for-permanent-magnets-in-white-goods-wind-turbines/