Malawi government has granted a license to a Chinese based Plinth company which has shown interest to start its gold mining work in Balaka Manondo area.
The District Executive Committee, Hilton Banda who is a geologist for the company said on Monday that the license will give them a chance to explore within 500 square kilometer of land.
‚ÄúThis gold exploration in Malawi is the first of its kind and we are expected to start our work any time from now as government has already given us a go ahead by honoring us with a license.
‚ÄúThe license is for 25 years gold exploration in three districts of Malawi namely Balaka, Neno and Ntcheu,‚ÄĚ said Banda.
The geologist further disclosed that the move will cover 4.3 square kilometres of land and the other kilometers will be covered in other remaining districts.
A sum of three million US Dollars will be used for the whole project.
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