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Malawi has suspended the issuance of all mining licenses and banned the export of raw minerals as part of a comprehensive overhaul of its mining sector, announced by President Peter Mutharika. This decision includes a full audit of the mining licensing registry and aims to address challenges such as insufficient mineral exploration and regulatory gaps.

The government will strengthen negotiation capacities for Mining Development Agreements and is working on establishing a Sovereign Wealth Fund to ensure mining proceeds benefit the populace. The Kasiya Rutile-Graphite Project, led by Australia's Sovereign Metals, features substantial rutile deposits.