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Rare-Earth injection for Malawi

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Rare-Earth injection for Malawi
Malawi is a stable mining jurisdiction in Africa. Image credit: Lindian Resources.

Rare-Earth injection for Malawi

Lindian Resources’ Kangankunde project will be a major boost for Malawi’s economy.

By WhyAfrica Staff Writer

ASX listed Lindian Resources today announced the completion of a Feasibility Study (FS) on Stage 1 of the Kangankunde Rare Earth (REE) Project in Malawi.

The FS examines Stage 1 of the Kangankunde Project’s development, which includes mining operations, a mineral processing plant, and necessary support infrastructure.

According to market analysts Project Blue, demand for REE and particularly for neodymium-praseodymium (NdPr) will increase substantially over the next 30 years.

The increased demand will be driven by climate change, advances in technology, resource scarcity and geopolitical tension.

Rare-Earth injection for Malawi
Malawi is a stable mining jurisdiction in Africa. Image credit: Lindian Resources.

Outlook for REE looks good (Rare-Earth injection for Malawi)   

“The long-term demand outlook for REE will continue to be dominated by magnet applications, of which NdPr is a critical component.

“This will be driven by growth in renewable energy generation and electrified transport. As such, the magnet market will be the largest growing sector and it is forecast that it will account for almost 60% of the NdPr market by 2050,” states Project Blue.

Project Blue forecasts that the NdPr market will triple in the period to 2050, requiring an increase of two to three times above 2023 supply to maintain a balanced market.

Lindian will be well positioned to respond to the increasing NdPr demand when the time comes.

Distinguished by high-grade (Rare-Earth injection for Malawi)   

According to Lindian CEO Alwyn Vorster, the FS results shows that Kangankunde is distinguished by its high grade, low levels of impurities and attractive cost structure.

“These factors position Kangankunde in the lowest cost quartile of rare earths projects globally.

“The Stage 1 development will require low upfront capital cost, presents low commissioning risk, and generates strong financial returns. Importantly, Stage 1 could serve as logical springboard for future expansion options,” says Vorster.

Key attributes for low cost (Rare-Earth injection for Malawi)   

Kangankunde Stage 1 has the following key attributes which results in a low cash cost of USD2.92/kg of total rare earth oxides (TREO), positioning it in the lowest cost quartile for rare earths projects:

  • One of the largest, high grade rare earths deposits in the world
  • Outcropping orebody with relatively uniform mineralisation
  • Conventional mining method with a very low waste to ore ratio of 0.2
  • Simple processing flowsheet comprising mainly comminution, gravity and magnetic separation, and with very little reagents used to produce a premium 55% TREO concentrate with low impurities,
  • Low-cost reliable grid power sourced from hydroelectricity
  • Access to processing water from a bore-holes located at the mine site
  • Excellent transport infrastructure including sealed roads and rail, and
  • Accommodation facilities in nearby towns.

According to Lindian’s Executive Chairman, Asimwe Kabunga the Kangankunde project is strongly supported by the Malawian Government and local communities.

“It will create a lot of jobs, improved local infrastructure and become a major source of income for the Malawian economy,” says Kabunga.

WhyAfrica will visit Malawi as part of the 2024 WhyAfrica Road Trip through South Africa, Zimbabwe, Mozambique, Malawi and Tanzania.

During our 45-day overland trip, we’ll visit more than 30 project sites in several economic sectors and interview close to 40 stakeholders in all these countries.

Rare-Earth injection for Malawi

Rare-Earth injection for Malawi
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AgricultureEnvironmental Management & Climate ChangeEnergyESGInfrastructureMiningPolitical EconomyTourism and ConservationWater Management