Malawi has begun extracting rare earth minerals at the Kangankunde mine in Balaka, about 200km from the capital, Lilongwe, in a bid to boost economic growth and attract investment.
The project, operated by Lindian Resources, holds significant deposits of rare earth elements used in manufacturing electric vehicles, cellphones, wind turbines and aircraft components.
Malawi President Peter Mutharika said developing the country’s mineral resources could generate substantial revenue, particularly if processing and manufacturing were carried out locally.
The government is also seeking to expand domestic mineral processing and reduce reliance on raw mineral exports.
Lindian Resources plans to extract about 500 000 tons of rare earth material for further processing and refinement.
Malawi hopes the project will create economic opportunities, increase government revenue and strengthen its position in the global supply chain for minerals used in advanced technologies and clean energy.
- Malawi has started extracting rare earth minerals at the Kangankunde mine in Balaka, about 200km from Lilongwe.
- The Kangankunde project is operated by Lindian Resources and contains significant deposits of rare earth elements used in electric vehicles, cellphones, wind turbines, and aircraft components.
- President Peter Mutharika stated that developing mineral resources could generate substantial revenue if processing and manufacturing occur locally.
- The government aims to expand domestic processing of minerals and reduce reliance on exporting raw minerals.
- Lindian Resources plans to extract approximately 500,000 tons of rare earth material for further processing and refinement.
