Kangankunde is an opportunity Malawi needs to utilise

As reported in our lead article, there is exciting news coming from the Kangankunde Rare Earth Project in Balaka where ASX-listed Lindian Resources is conducting a mine development drilling programme.

Kangankunde is showing overwhelming potential for rare earth mining as all drill intercepts at the site contain extensive visible rare-earths-bearing monazite from surface to current hole depths.

Lindian, which has taken over the project from a local company Rift Valley Resource Developments in a purchase deal, has shown seriousness to develop the project by deploying two Reverse Circulation rigs and one Core rig on site to conduct the drilling programme.

In these days when countries across the globe are competing to attract Foreign Direct Investment, we view this investment by Lindian as an opportunity that Malawi has to be proud of.

As reported in the article, Minister of Mining Albert Mbawala visited the project site which bears testimony that the Malawi Government is supporting the investment.

We urge all stakeholders including traditional leaders, civil society and media to also support the investment in order for Malawi to start enjoying full benefits of a mine at Kangankunde.

As Senior Chief Chanthunya is quoted in the article, the people of Balaka stand to benefit from the Kangankunde Mine through corporate social responsibility projects plus employment and business opportunities that the project brings which will help in poverty alleviation and socio-economic development in his area.

A visit to the project site by members of Mining & Trade Review team has established that what the traditional leader says in the article is indeed the truth as Lindian has already recruited some members of the local community as unskilled labour for the project development and has also engaged internees from Malawi’s Universities.

This indeed signifies the beginning of a new life for members of the local Kangankunde community as Chanthunya says in the article.

The opening of Kangankunde Mine will also signify the beginning of a new life for the Malawi economy as this mine has the potential to significantly contribute to the country’s economy as the demand for rare earth elements used to manufacture strong magnets for production of electric vehicles and wind turbines keeps surging on the market.

The development of a mine at Kangankunde will also work as an incentive that will attract other global investors to invest in mining in Malawi as it will portray the country as mining friendly.

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