Posts Tagged ‘mining’

Intra Energy starts coal mine development in Malawi

Posted on 27 Jan 2013 at 9:19pm

(MENAFN – ProactiveInvestors – Australia) *Intra Energy (ASX:IEC) has progressed its Eastern African regional expansion strategy by acquiring coal licences including that of an operational mine in Malawi.

The concessions include the operating Nkhachira Coal Mine within Mining Licence ML0143/2005 and three Exclusive Prospecting Licences (EPL), located in the north of Malawi, west of the town of Karonga.

Intra Energy has established a joint venture company Malcoal Mining in which it has 90% interest and CMI has 10% free carried interest.

The three EPLs were granted to CMI which were acquired by Intra Energy for 800,000 and a loan…

Malawi governement launches Mining Governance project

Posted on 22 Jan 2013 at 10:57pm

By Cyprian Ndau

LILONGWE, Jan. 22 (Xinhua) — The Malawian government on Tuesday launched a Mining Governance and Growth Support Project to enhance the southern African country’s economy within the framework of President Joyce Banda’s Economic Recovery Plan (ERP).

The project, according to President Banda, is one way of diversifying the country’s agro-based economy and that it is expected to contribute significantly to both the GDP and foreign exchange earnings.

“Before 2009 contribution of mining to GDP in Malawi was at 3 percent but it rose to 10 percent after 2010 due…