The project is primarily intended to protect the Blanket gold mine from any further deterioration in the electricity supply situation.
This is the second disbursement under the RCF that brings total IMF COVID-19 emergency support to Malawi to US$193 million.
Mkango Resources has announced the presence of rutile and ilmenite at its Mchinji project in Malawi.
Altona Energy has appointed two highly experienced consultants as it progresses its African rare earths strategy.
ASX-listed Lotus Resources has reduced the care and maintenance operating cost guidance at its recently acquired Kayelekera uranium project in Malawi by 75%.
Altona Energy has entered a MoU with Akatswiri Mineral Resources to acquire a majority stake in a rare earth mining project in Malawi.
Mkango has launched the Innovate UK grant funded project, “Rare-Earth Recycling for E-Machines” in which HyProMag is a partner.
Force Commodities has completed a drilling campaign at the Small Canyon prospect of the Tshimpala project, located in the Republic of Malawi.