Lotus Resources Confirms No Temporary Ban on Mineral Exports in Malawi; Shares Rise 3%

MT Newswires Live

02/17

Lotus Resources (ASX:LOT) has confirmed that there is no ban on mineral exports in Malawi, East Africa, following recent clarifications from the Ministry of Mining, according to a Monday filing with the Australian bourse.

The Ministry clarified that the temporary suspension applies solely to the artisanal gemstone sector, with a 21-day review period affecting the processing of export licenses for gemstones, the filing added.

Shares of the company rose nearly 3% in recent Monday trade.

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