Ahead of that milestone, Lindian Resources, which owns 100% of the project, is continuing development work on site to meet the timeline. The project is seen as a key asset both for the Australian mining company and for its shareholders. By holding shares in Lindian Resources, investors are directly exposed to the development of Kangankunde. It is followed by Australian private company Kabunga Holdings, which holds 7.4%, as well as other investors including Bonacare Pty with 4.1% and Ven Capital with 3.6%. At this stage, there is no indication that the Malawian state holds a stake in Kangankunde.

Source: The North Africa Journal December 27, 2025 14:17 UTC