Malawi holds enormous bounty of rare earths

rare earth oxides

The land is blessed with treasures lying underneath while the owners step on the soils not knowing their feet walk on minerals that can help transform their country.

According to information sourced from The Financial Times blog beyondbrics, Malawi appears to have a bounty minerals underneath.

Canadian company Mkango Resources chief executive Will Dawes, believes the country could become Africa’s largest rare earths producer.

“There are at least five potential rare earth mines in Malawi, of which Mkango’s Songwe Hill project is the most advanced. Malawi ticks the boxes in terms of resource potential, a stable political environment, infrastructure and government support,” says Dawes.

Mkango Resources' Dawes upbeat on the potential of its Malawi rare earths project
Mkango Resources’ Dawes upbeat on the potential of its Malawi rare earths project

Dawes further called on government to consider developing mining sector in the country as one way of weaning the country from donor aid dependence.

Among countries that have attracted foreign mining investors include Mozambique, Tanzania and Namibia.

For the past two years, a total of $829 million has been raised to explore Africa for metals and minerals.

In Malawi the project was called ‘Kauniuni’ where aeroplanes were seen flying over the country searching for minerals.

Source: Malawi24