viewMkango Resources Ltd

Government minister in Malawi re-iterates support for Mkango, as feasibility work at Songwe continues

Mkango's feasibility work on Songwe Hill is being paid for by a £7mln investment from Talaxis

Mkango Resources Ltd -
Trainee geologists on Mkango's Songwe Hill project

Mkango Resources Ltd (LON:MKA)(CVE:MKA) has confirmed that a recently shipped 60 tonne bulk rock sample taken from the Songwe Hill rare earths project has now arrived into Fremantle Port in Western Australia.

Metallurgical and mineral processing testwork on this sample will form part of the ongoing feasibility study which is fully funded by Talaxis, a subsidiary of Noble Group.

Meanwhile, a recent visit from the Honourable Minister of Natural Resources, Energy and Mining, Binton Kutsaira, to Songwe has underlined the government’s support of the project.

“The advancement of the Songwe Hill project offers real hope to the nation of Malawi that it will have a producing rare earths mine in the near future,” Kutsaira said.

“The government of Malawi is 100% committed to supporting investors in the mining sector such as Mkango Resources Limited, as mining is a priority on the government's agenda of transforming the economy of the Malawi."

Elsewhere, on the Thambani niobium and tantalum project a team of geologists with logistical support is currently carrying out a detailed exploration work programme.

Quick facts: Mkango Resources Ltd

Price: 5.1 GBX

Market: LSE
Market Cap: £6.78 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Mkango Resources Ltd named herein, including the promotion by the Company of Mkango Resources Ltd in any Content on the Site, the Company...



Mkango Resources signs definitive agreement to develop Songwe Hill licence

Will Dawes, chief executive of Mkango Resources Ltd (LON:MKA), tells Proactive Investors they've signed off their agreement with trading group Noble to develop the Songwe Hill licence in Malawi. Talaxis, a subsidiary of Noble, will acquire up to 75% of Lancaster Exploration, which holds...

on 18/5/18

2 min read