Lindian Resources has stockpiled 125,000 tonnes of ore at its Kangankunde Rare Earths Project in Malawi, ahead of schedule for commissioning and first monazite concentrate production by the end of 2026. Mining operations are well established with the Stage 1 pit opened and multiple production blasts completed. Construction of the processing plant is progressing with mechanical installation and electrical works underway, and power infrastructure nearing completion. The project recently received a visit from Malawi's Minister of Mining, highlighting local workforce growth and government support. Lindian is also advancing a Stage 2 feasibility study to increase production capacity and has integrated downstream processing through its acquisition of SARECO in Kazakhstan, positioning the company for expanded rare earths production and supply chain access.
Lindian Resources' progress at Kangankunde Rare Earths Project is noted here alongside Pluang's Basic Materials sector data for context. For readers following Basic Materials stocks, as of Sep 24, 2026 07:22 WIB, 6 of 38 US-listed stocks rose while 31 fell. AngloGold Ashanti Limited (AU) traded at USD 98.75 with a 1-day change of -5.59% and 100% buy order activity on Pluang; Gold Fields Limited (GFI) was at USD 40.61, down 5.47%, with 76% buy orders; Harmony Gold Mining Co. (HMY) stood at USD 18.76, down 5.35%, with 100% buy orders.
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