Africa-Press – Malawi. By Thomas Chilaya & Blessings Makuwira:
Kangankunde rare earths mine is poised to provide over $1 billion in economic and social benefits to Malawi, miner Lindian Resources Limited projects.
The mine’s value would be created through taxes, royalties, jobs and business opportunities over the initial life line.
Lindian Resources Limited Chief Executive Officer Alwyn Vorster said when operations commence, Kangankunde in Balaka District is set to be recognised as one of the world’s largest rare earth deposits holders.
He was speaking on Friday when the Australian Stock Exchange-listed firm handed over a newly constructed Chanthunya Police Unit in the district.
According to Vorster, the mining activities will contribute to the well-being of the communities, fostering mutual trust and cooperation, economic growth and improved livelihoods.
“When we start our mining activities in the district, we expect development activities to increase as more community members benefit through various opportunities, such as jobs,” he said.
Member of Parliament for Balaka West, Bertha Ndebele, described the planned mining activities as a game-changer.
According to Ndebele, the mining activities are poised to significantly impact people’s lives by improving their economic situation.
“The entry of these companies is a game-changer for the area and the country at large, as it enhances development activities and promotes economic growth,” Ndebele stated.
Senior Chief Chanthunya said coordination among stakeholders in the mining sector demonstrates progress toward the nation’s development goals.
“We are hopeful that the company’s arrival will positively impact the economic development of both the area and the country as a whole,” he said.
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