Songwe Hill Rare Earths Project

planned

The Songwe Hill Rare Earths Project is a mining venture in the Phalombe District of Malawi, anticipated to generate significant economic benefits. The project is expected to produce rare earth elements such as neodymium and praseodymium, contributing to the global critical minerals supply chain. It aims to provide substantial fiscal revenue to the Malawian government through corporate taxation, royalties, and a 10% government equity stake, while also promoting local job creation, technology transfer, and industrialization.