{"id":77468,"date":"2026-04-23T20:24:23","date_gmt":"2026-04-23T20:24:23","guid":{"rendered":"https:\/\/www.africa-press.net\/malawi\/all-news\/nbs-bank-finances-lindian-us11-6m-equipment"},"modified":"2026-04-23T20:43:57","modified_gmt":"2026-04-23T20:43:57","slug":"nbs-bank-finances-lindian-us11-6m-equipment","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/malawi\/all-news\/nbs-bank-finances-lindian-us11-6m-equipment","title":{"rendered":"NBS Bank finances Lindian US$11.6M equipment"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Malawi. <\/strong><\/span>Australian resources firm Lindian Resources, which is constructing the Kangankunde Mine in Balaka, has secured US$11.6-million equipment finance and working capital facility from NBS Bank to support construction of the mine.<\/p>\n<p>Lindian said in a statement that the NBS Bank facilities reinforce its deliberate strategy of building long-term partnerships with in country Malawian financial institutions and supporting the growth of Malawi\u2019s domestic economy.<\/p>\n<p>Lindian Resources\u2019 Director, Teck Lim said: \u201cThe NBS Bank facilities reflect the maturity of Lindian\u2019s financial strategy as Kangankunde progresses main construction. The asset finance provides a locally sourced, structured solution for the Komatsu mining fleet, while the working capital facility provides additional standby liquidity buffer.\u201d<\/p>\n<p>\u201cSecuring these facilities through NBS Bank, one of Malawi\u2019s most respected financial institutions provides strong validation for the Kangankunde Rare Earths Project and demonstrates genuine commitment to building close partnerships in Malawi and ensuring that the economic activity generated by Kangankunde flows through local institutions and local procurement.\u201d<\/p>\n<p>NBS Bank\u2019s Chief Executive Officer, Temwani Simwaka commented that NBS Bank is pleased to partner with Lindian Resources in support of the Kangankunde Rare Earths Project, a strategically important development for Malawi.<\/p>\n<p>\u201cLindian\u2019s decision to structure both equipment finance and working capital facilities through a Malawian financial institution reflects a clear commitment to supporting local involvement with the Project. Kangankunde represents a significant opportunity to contribute to economic development, employment and the growth of Malawi\u2019s mining sector. NBS Bank looks forward to supporting Lindian as the Project advances to first production.\u201d<\/p>\n<p>Kangankunde is expected to start exporting rare earth concentrate to refineries in Australia and Kazakhstan in the second half of this year.<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">Malawi<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Malawi. Australian resources firm Lindian Resources, which is constructing the Kangankunde Mine in Balaka, has secured US$11.6-million equipment finance and working capital facility from NBS Bank to support construction of the mine. Lindian said in a statement that the NBS Bank facilities reinforce its deliberate strategy of building long-term partnerships with in country [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":77467,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[234],"class_list":["post-77468","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>NBS Bank finances Lindian US$11.6M equipment - Malawi<\/title>\n<meta name=\"description\" content=\"Australian resources firm Lindian Resources, which is constructing the Kangankunde Mine in Balaka, has secured US$11.6-m ...\" \/>\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\/nbs-bank-finances-lindian-us11-6m-equipment\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NBS Bank finances Lindian US$11.6M equipment\" \/>\n<meta property=\"og:description\" content=\"Australian resources firm Lindian Resources, which is constructing the Kangankunde Mine in Balaka, has secured US$11.6-m ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/malawi\/all-news\/nbs-bank-finances-lindian-us11-6m-equipment\" \/>\n<meta property=\"og:site_name\" content=\"Malawi\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2026-04-23T20:24:23+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-23T20:43:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2026\/04\/sm_1776977009.229399.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/nbs-bank-finances-lindian-us11-6m-equipment#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/nbs-bank-finances-lindian-us11-6m-equipment\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"NBS Bank finances Lindian US$11.6M equipment\",\"datePublished\":\"2026-04-23T20:24:23+00:00\",\"dateModified\":\"2026-04-23T20:43:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/nbs-bank-finances-lindian-us11-6m-equipment\"},\"wordCount\":296,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/nbs-bank-finances-lindian-us11-6m-equipment#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2026\/04\/sm_1776977009.229399.jpg\",\"keywords\":[\"Malawi\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/malawi\/all-news\/nbs-bank-finances-lindian-us11-6m-equipment#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/nbs-bank-finances-lindian-us11-6m-equipment\",\"url\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/nbs-bank-finances-lindian-us11-6m-equipment\",\"name\":\"NBS Bank finances Lindian US$11.6M equipment - 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