Malawi’s mining minister to highlight investment prospects at Critical Minerals Africa
WRITTEN BY Aaliyah Rogan
Malawi’s Minister of Mining, Monica Chang’anamuno, will be speaking at the Critical Minerals Africa (CMA) in November to highlight partnership and investment opportunities within the country’s mining sector.
The CMA 2024 Summit will take place on 6 and 7 November, held alongside the African Energy Week: Invest in African Energy 2024 conference on 4 and 8 November.
At the CMA summit, Chang’anamuno will explore Malawi’s potential contributions to the globally supply and demand of energy transition minerals. She is also expected to flag the country’s strategic vision and outlook for the critical minerals sector, detailing regulatory reforms designed to streamline processes and enhance investment appeal.
African investment platform Energy Capital & Power says Malawi seeks to attract new investors, expedite the commercialisation of its critical mineral reserves, and boost the mining sector’s gross domestic product (GDP) contribution to between 10% and 15% by 2030.
CEO James Chester says Malawi is on the brink of transforming, with its untapped mineral base and investor-friendly policies.
“A fresh wave of investments across the country’s critical minerals value chain will be crucial to unlocking Malawi’s economic growth and shaping the regional and global transition to low-carbon technologies,” he says.
Energy Capital & Power says the critical minerals exploration and development is ramping up in Malawi, with several rare earths and niobium ventures expected to launch in the next two years.
In the graphite sector, Sovereign Metals’ (ASX:SVM) Kasiya Rutile-Graphite Project is anticipated to position Malawi as a key supplier of graphite to the global market. The nearly $600 million project is expected to be among the largest rutile producers at 222,000 tonnes per year.
Kasiya is also expected to be one of the largest natural graphite producers outside of China, at 244,000 tonnes per year.
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