Firering Strategic Minerals: From explorer to producer. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
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/
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.
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.
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
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/
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
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...
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
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.
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
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
Https://www.businessmalawi.com/mining-minister-engages-miner-on-prospects-the-times-group
Minister of Mining Monica Chang’anamuno has assured dual listed Canadian-based mineral and exploration company, Mkango Resources Limited, of a hastened process towards signing of a Mining Development Agreement (MDA) with the government.
She set December 2023 as a target for concluding discussions with the firm, which is undertaking a Rare Earth mining project at Songwe Hill in Phalombe District.
Https://atlasmalawi.com/mkango-assured-of-mda-by-end-of-the-2023/
ASSURED by year end.
Nothing is assured in Africa. All the right signs are there but you know what will happen if they don't deliver on this timeline now...
Monica's promise/assurance of a Dec timeframe for the MDA is only an expression of intention imo. Malawi wouldn't concede the outstanding points just to achieve it, in other words.
She's astute charismatic and building up a head of steam though. It's coming. She clearly believes in it.
I'm getting more of a general feeling there's greater focus and intensity rather than breakthroughs (it's been "a few outstanding points" for a while now), but here's hoping you guys are right!
Fingers crossed, just be aware we've been here several times before, including with specific dates from the minister of mining.
https://www.nyasatimes.com/govt-to-complete-3-mining-agreements-by-jan-31/
Globe got theirs in March under the same regime as existed in Jan. Due respect to Malawi, but the politicians' promises are better seen as good intentions imo. Monica's very different, in a good way, so I have high hopes this'll complete soon.
Chunky trades to close the day