Minister Ng’oma reveals plans to finalize mining development agreement with Lindian Resources Limited

Minister of Mining Kenneth Zikhale Ng’oma has revealed that his ministry is actively working towards finalizing the Mining Development Agreement (MDA) with the Australian mining company Lindian Resources Limited, aiming to commence mining operations at Kangankunde in Balaka district.

Speaking in Lilongwe after a meeting with Lindian representatives, Ng’oma stated that expediting the signing of the MDA would allow the investor to begin work before September this year.

“We are committed to hastening the signing of the MDA so that mining activities can kick off by September.

This initiative will enable the country to reap benefits from the mining sector, including job creation for local communities in Balaka district.” said the Minister.

On his part, Lindian’s country manager, Trevor Hiwa, said that the company has made significant progress in constructing the access road.

Hiwa expressed confidence that discussions with the Malawi government regarding the MDA would advance, as it is crucial for the company’s operations to commence.

The rare earth deposit at Kangankunde is valued at approximately US$ 1 billion for its initial mining phase and has the potential to establish itself as a leading producer of rare earth elements.