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Geophysical data now accessible to investors

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After waiting for some six months, investors in the mining sector can now access the countrywide geophysical data which was acquired through an Air borne Geophysical Survey under the Mining Governance and Growth Support Project cofinanced by the World Bank and European Union.

The geophysical data results were launched mid last year but investors could not access it as the Department of Mines was waiting for the Ministry of Justice to gazette it.

Minister of Natural Resources, Energy and Mining Bright Msaka said the data has now been gazetted and that prospective investors can access the document from the ministry.

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“The document is open to all investors interested in the sector. All procedures have been concluded and anyone interested in the information is free to request for it,” he said.

Msaka said the government still prioritises the mining sector as part of the country’s economic diversification, saying mining has potential to attract more investors and contribute to the economic development of the country.

“What we need are two or three big mining investments and sector can turn around the economy,” said Msaka.

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The high resolution airborne geophysical data indicates some mineral deposits in nine areas of some parts of the country, according to the Department of Mines.

Department of Mines publicist Levison Undi said the preliminary interpretations of the data show some nine anomalous areas that have been selected for possible ground follow up.

He said the primary purpose of geophysics is to separate areas which appear barren from those which look promising.

Undi said the nine promising areas include among others Chitipa dyke, Lowershire Basin, Mlindi ring, Chitipa and Mchinji dyke.

He also said new data from the airborne survey indicates high uranium around Kayelekera mine.

“These areas require follow up with ground geophysics and drilling to obtain samples. The areas may be mineralised with chromium, nickel, PGE, copper and cobalt,” he said.

In the Lowershire basin, Undi said there is a possible petroleum trap in the eastern part of Ngabu fault.

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