{"id":64670,"date":"2024-11-05T09:45:19","date_gmt":"2024-11-05T09:45:19","guid":{"rendered":"https:\/\/www.africa-press.net\/malawi\/all-news\/kangankunde-mine-to-rake-in-over-1billion"},"modified":"2024-11-05T09:48:23","modified_gmt":"2024-11-05T09:48:23","slug":"kangankunde-mine-to-rake-in-over-1billion","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/malawi\/all-news\/kangankunde-mine-to-rake-in-over-1billion","title":{"rendered":"Kangankunde mine to rake in over $1billion"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Malawi. <\/strong><\/span><b>By Thomas Chilaya &amp; Blessings Makuwira:<\/b><\/p>\n<p>Kangankunde rare earths mine is poised to provide over $1 billion in economic and social benefits to Malawi, miner Lindian Resources Limited projects.<\/p>\n<p>The mine\u2019s value would be created through taxes, royalties, jobs and business opportunities over the initial life line.<\/p>\n<p>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\u2019s largest rare earth deposits holders.<\/p>\n<p>He was speaking on Friday when the Australian Stock Exchange-listed firm handed over a newly constructed Chanthunya Police Unit in the district.<\/p>\n<p>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.<\/p>\n<p>\u201cWhen 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,\u201d he said.<\/p>\n<p>Member of Parliament for Balaka West, Bertha Ndebele, described the planned mining activities as a game-changer.<\/p>\n<p>According to Ndebele, the mining activities are poised to significantly impact people\u2019s lives by improving their economic situation.<\/p>\n<p>\u201cThe 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,\u201d Ndebele stated.<\/p>\n<p>Senior Chief Chanthunya said coordination among stakeholders in the mining sector demonstrates progress toward the nation\u2019s development goals.<\/p>\n<p>\u201cWe are hopeful that the company\u2019s arrival will positively impact the economic development of both the area and the country as a whole,\u201d he said.<\/p>\n<p><strong>For More News And Analysis About Malawi Follow Africa-Press<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Malawi. By Thomas Chilaya &amp; 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\u2019s value would be created through taxes, royalties, jobs and business opportunities over the initial life line. Lindian Resources Limited Chief Executive [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":64669,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[234],"class_list":["post-64670","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-malawi"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Kangankunde mine to rake in over $1billion - Malawi<\/title>\n<meta name=\"description\" content=\"By Thomas Chilaya &amp; Blessings Makuwira: Kangankunde rare earths mine is poised to provide over $1 billion in ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/malawi\/all-news\/kangankunde-mine-to-rake-in-over-1billion\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Kangankunde mine to rake in over $1billion\" \/>\n<meta property=\"og:description\" content=\"By Thomas Chilaya &amp; 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