The mine, located in Mwenengube Area five kilometers off Karonga-Chitipa Road is expected to improve lives of people in the area as it has already employed 100 people from the community.
Deputy Director of Mines in the Department of Mines under the Ministry of Natural Resources, Energy and Mining, Peter Chilumanga, commends the investors for the project.
‘The local mining sector has great potential to make a significant contribution to the country’s Gross Domestic Product, GDP. Government has provided an enabling fiscal environment to attract foreign investors to the sector.’
A joint venture between a Malawian businessman, and some Indian investors, the investment is expected to increase the production of coal in the country.
‘Our cement manufacturing company imports coal from Mozambique, contributing to forex flight, as currently, local coal producers in Malawi only produce 50 thousand tons per year against a local requirement of 150 thousand tons,’ said Aslam Gaffar, one of the Kasikizi Coal Mine Directors who is also involved in cement manufacturing in Mangochi District.
Edna Construction and Mining Limited of India is the major shareholder of the 1.5 billion Kwacha Kasikizi Coal Mine investment in the district.
The mine is expected to last for the next 15 to 20 years.
Currently using diesel generators, Kasikizi Coal Mine in Karonga District has a long term plan to produce its own 50 megawatt power using coal.