Malawi’s Privatisation Commission has announced that the government is looking for a partner with whom to jointly operate the Mchenga Coal Mines, news reports said.
The mine’s owners, the Malawi Development Corporation and the finance house, Indebank are willing to dispose of all their shares in the company in favour of what the commission called a “strategic partner”.
The reports said the commission estimates there are 2.3 million mt of coal reserves at the mine, with a further potential of about 20 million mt of coal deposits in the area.
The mine, according to the commission, currently produces about 90,000 mt per year with a potential regional market of about 150,000 mt. The mine’s current customers include the local tobacco, sugar, brewing and textile industries.
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