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Be the first with the news that moves the market- Mkango Resources (MKA) has received Environmental Social Health Impact Assessment (ESHIA) approval for its Songwe Hill rare earth project
- This approval for the company’s flagship project comes from the Malawi Environmental Protection Agency
- ESHIA approval is a fundamental requirement for the company to be granted a mining licence
- Mkango Resources (MKA) is unchanged, trading at C$0.25 at 1:30 pm ET
Mkango Resources (MKA) has received Environmental Social Health Impact Assessment (ESHIA) approval for its Songwe Hill rare earth project.
This approval for the company’s flagship project comes from the Malawi Environmental Protection Agency (MEPA).
A significant milestone in the Mining Development Agreement (MDA), the ESHIA approval is a fundamental requirement for the company to be granted a mining licence.
Mkango’s President, Alexander Lemon, called the ESHIA approval for Songwe Hill a major achievement for the company and Malawi’s first rare earth mining project.
“We look forward to the Mining Licence and MDA being approved in the coming weeks.”
He added that the Malawi Ministry of Justice has appointed a London-based international law firm with mining expertise to carry out a final review of the MDA.
Mkango Resources Ltd. (MKA) is engaged in the exploration of rare earth elements and associated minerals in the Republic of Malawi. It holds interests in several exclusive prospecting licenses, namely the Phalombe licence, the Thambani licence, the Chimimbe Hill licence and the Mchinji licence.
Mkango Resources (MKA) is unchanged, trading at C$0.25 at 1:30 pm ET
