Malawi implements ban on all mineral exports

This measure aims to improve the regulatory frameworks that are critical for both the mining sector and the nation's economic advancement.

By streamlining these procedures, the government hopes to establish a more efficient and beneficial mining industry.

Malawi, classified as one of the poorest countries globally, largely depends on agriculture, particularly tobacco, to generate foreign exchange.

The Kasiya asset, being developed by the Rio Tinto Group-supported Sovereign Metals Ltd., is located in the west of Malawi. Once operational, this project aims to produce graphite alongside rutile, diversifying the country's mineral output and potentially enhancing its economy.

The temporary ban comes at a time when mining projects are being assessed to enhance economic opportunities.