Traditionally, mining has not been a large economic contributor in Malawi. However, in 2009 the Kayelekera uranium mine opened, which had a considerable impact on the country’s economy. Unfortunately, as a result of the crash in uranium prices, the project (85% owned by a subsidiary of Australian based Paladin Energy with a 15% equity interest issued to the Malawi government) is currently suspended and the mine has been under care and maintenance since 2014. Besides uranium, Malawi is known to have produced clay, cement, coal, gemstones, sulphuric acid, and lime (USGS). The country is also believed to have deposits of phosphates, bauxite, kaolinitic, kyanite, graphite, sulphides, titanium minerals and rare earths. Canadian-owned Mkango Resources is developing at least one rare earth mine in the jurisdiction, as well as continuing other on-going exploration efforts. Mines in Malawi are primarily privately owned and there are several small-scale or artisanal mining operations focused on the production of gemstones.
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