Jul 25, 2017 Last Updated 2:00 PM, Jul 21, 2017
×

Warning

JFile: :read: Unable to open file:

Malawi government to reveal mineral wealth

Malawi has enacted many enabling laws to govern the mining sector Malawi has enacted many enabling laws to govern the mining sector
Published in Capital News
Read 16159 times
Rate this item
(0 votes)

Excitement is in the air over an announcement that is expected to reveal wealth that is hidden under Malawi’s soil.

Until now, the country has relied on agriculture particularly tobacco as its mainstay of the economy.

This could now change if the results of the recently completed Arial surveys prove that there are minerals that would generate new mineral wealth from diamonds, gold oil and heavy metals.

The ministry of natural resources energy and mines is to make the all important announcement at a special ceremony that has been scheduled for the Bingu Conference Center in Lilongwe on August 19.

In a related development the ministry has published notices in the local press in which it is inviting firms to provide consulting services to interpret the results of the high resolution airborne geophysical data which covered the whole Malawi.

The mining industry of Malawi, consisting of a number of minerals and gemstones, has been dominated by extraction of fuel minerals, particularly uranium which has contributed to 1% of production of this mineral in the world.

Since 2009, with new licenses granted to extract it from the Kayelekera mines in the northern region the country, its production has contributed to increase of the GDP from 1% to 10% as of 2013.

It is estimated that with increased emphasis on mineral extraction, the sector's contribution to GDP could be 20% by 2023

Malawi has enacted many enabling laws to govern the mining sector. Including the Mines and Minerals Act 1981 which enunciates rules of business for the sector, the Petroleum (Exploration and Production) Act 1983 and the Explosives Act 1968.

Implementation of the Mining Act rests with the Commissioner for Mines and Minerals under the Ministry of Energy and Mining.

A National Environmental Action Plan has also been proposed and it is mandatory for all mining projects to prepare an environmental impact assessment plan

13958 comments

  • Comment Link Worcester SEO Worcester SEO Tuesday, 25 July 2017 00:23

    Sweet blog! I found it while surfing around on Yahoo News. Do you have any tips on how to get listed in Yahoo News? I ave been trying for a while but I never seem to get there! Thanks

  • Comment Link watch movies online watch movies online Monday, 24 July 2017 23:06

    Thank you for some other magnificent post. Where else may anybody get that type of info in such an ideal method of writing? I have a presentation subsequent week, and I am on the search for such info.

  • Comment Link gia loose diamonds gia loose diamonds Monday, 24 July 2017 21:48

    Very interesting information! Perfect what exactly I wanted!

  • Comment Link alasche cream joanna gaines alasche cream joanna gaines Monday, 24 July 2017 20:32

    What as up everyone, I am sure you will be enjoying here by watching these kinds of comical video clips.

  • Comment Link Emory Chaobal Emory Chaobal Monday, 24 July 2017 18:14

    Outstanding Collection.

Leave a comment

Make sure you enter the (*) required information where indicated.Basic HTML code is allowed.

Capital Tweets

Any data to display

Find Us on Facebook