Malawi Attracts Australian Mining Investor

Malawi’s mineral sector continues to attract investors, with Chilwa Minerals Limited, an Australian exploration company, expressing interest in launching a mineral exploration project in the country.

This development was revealed on Thursday during a meeting between Minister of Mining Kenneth Zikhale Ng’oma and Chilwa Minerals Limited’s Founder and Managing Director, Cadell Buss, in Mzuzu.

According to Buss, the company’s focus is on the Chilwa Basin, with plans to utilize its laboratory for mineral testing.

“Discussions with the government are advancing, and mineral exploration is expected to commence by August this year,” said Buss.

Minister Ng’oma is optimistic about the benefits of Chilwa Minerals Limited’s investment, highlighting the company’s established mineral lab in Zalewa. This lab will reduce costs associated with mineral testing and analysis, which have previously been conducted outside the country.

“Chilwa Minerals Limited is advancing the Chilwa project in southern Malawi, covering the Zomba and Phalombe districts. The project focuses on heavy minerals, sand, and rare earth elements, aligning with Malawi’s goal of increasing the mineral sector’s contribution to GDP,” said Ng’oma.

This investment is a significant development for Malawi’s mining industry, which has been identified as a key sector for economic growth considering Chilwa Minerals Limited’s expertise and investment poised to unlock the mineral potential and reap the benefits of responsible mining practices.