Malachite Meaning: gemstone malachite is known as it aids in harmonizing the body and enhances communication through your body. Malachite is a cooper mineral that is best known for its rich green color and its banded formations. It is formed in cooper deposits often with other minerals such as azurite and chrysocolla. Malachite is very decorative. Its widely used in carvings and jewelry. Massive quantities of malachite can be found in Zaire.