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Approval a milestone for Mkango in Malawi

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Malawi: The warm heart of Africa. WhyAfrica will visit Malawi during its 45 day long Southern and East Africa Road Trip in August and September this year. AIM and TSX listed Mkango Resources is developing a number of greenfields projects in Malawi. Image credit: Craig Manners from Unsplash

Approval a milestone for Mkango in Malawi

The Malawi Environmental Protection Agency (MEPA) has approved dual listed Mkango Resources’ Environmental Social Health Impact Assessment (ESHIA) at the company’ Songwe Hill Rare Earths Project in the Phalombe district of Malawi.

The approval of the ESHIA is a significant milestone in the Mining Development Agreement (MDA) approval process.

According to Mkango President Alexander Lemon , it is a fundamental requirement for the company to be granted a mining licence and is expected to unlock significant stakeholder value and future investment for the development of Sub-Saharan Africa’s first large scale, commercial rare earth mining and processing operation in Malawi.

“The approval of the ESHIA for the Songwe Hill Rare Earths project is a major achievement for Mkango and Malawi’s first rare earth mining project,” says Lemon.

The Malawi Ministry of Justice has appointed a London based international law firm with mining expertise to carry out a final review of the MDA and Lemon says they will soon conclude an agreement that is a win-win for both the nation of Malawi and for all Mkango’s stakeholders.

The ESHIA was undertaken by Digby Wells Environmental  (https://www.digbywells.com/about-digby-wells/) in compliance with the latest International Finance Corporation (“IFC”) Performance Standards and the Malawi Environmental Management Act, No. 19 of 2017.

Opportunities in the supply chain (Approval a milestone for Mkango in Malawi)

Mkango’s corporate strategy is to develop new sustainable primary and secondary sources of neodymium, praseodymium, dysprosium and terbium which are needed in the manufacturing of electric vehicles, wind turbines and other clean technologies. Mkango’s integrated mine, refine and recycle strategy differentiates the company from its peers.

Mkango is developing Songwe Hill in Malawi with a Feasibility Study completed in July 2022. Malawi is known as “The Warm Heart of Africa”, a stable democracy with existing road, rail and power infrastructure, and new infrastructure developments underway.

In parallel, Mkango and Grupa Azoty PULAWY, Poland’s leading chemical company and the second largest manufacturer of nitrogen and compound fertilisers in the European Union, have agreed to work together towards development of a rare earth separation plant at Pulawy in Poland. The Pulawy separation plant will process the purified mixed rare earth carbonate produced at Songwe Hill.

Through its ownership of Maginito (www.maginito.com), Mkango is also developing green technology opportunities in the rare earths supply chain, encompassing neodymium (NdFeB) magnet recycling as well as innovative rare earth alloy, magnet, and separation technologies. Maginito holds a 42% interest in UK rare earth (NdFeB) magnet recycler, HyProMag (www.hypromag.com) with an option to increase its interest to 49%.

Mkango also has an extensive exploration portfolio in Malawi, including the Mchinji rutile exploration project, the Thambani uranium-tantalum-niobium-zircon project and Chimimbe nickel-cobalt project.

Approval a milestone for Mkango in Malawi

WhyAfrica will visit Malawi as part of its 2023 WhyAfrica Road Trip through the Limpopo Province of South Africa, Botswana, Zambia, DRC, Malawi, Tanzania and Kenya. WhyAfrica members will have access to regular updates during the Road Trip, can join certain stages of the trip, and can attend the informal networking days before the trip start in Johannesburg, South Africa and midway through the trip in Dar Es Salaam, Tanzania at a huge discount. To become a member click here:

https://www.whyafrica.co.za/product/membership/

The 2022 WhyAfrica Southern African Road Trip was such a success that it will now become an annual event. In 2023, we’ll visit the Limpopo Province of South Africa, Zimbabwe or Botswana (depending on the political climate in Zimbabwe in the run-up to the general elections), Zambia, DRC, Malawi, Tanzania and Kenya.

We’ll once again visit projects in the mining, agriculture, energy, infrastructure, water management, tourism, conservation, environmental management, and development sectors, with a strong focus on ESG, the African Continental Free Trade Area (AfCFTA), biodiversity, political risk and climate change.

In addition to visiting the project sites, we hope to interview as many role players in these countries as possible so that our opinions and insight is balanced and not biased. Remember you can look at all our WhyAfrica photographs on the WhyAfrica website. To view the images click here  https://www.whyafrica.co.za/road-trips/whyafrica-road-trips/ or follow our Instagram page on https://www.instagram.com/

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Approval a milestone for Mkango in Malawi

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AgricultureEnvironmental Management & Climate ChangeEnergyESGInfrastructureMiningPolitical EconomyTourism and ConservationWater Management