Prioritising the mining sector in building a self-reliant economy
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Mining has been positioned among the priority sectors that will accelerate social and economic growth together with Agriculture and Tourism in a triad known as the ATM Strategy.
Despite being a relatively young sector, mining holds great promise to generate long-term benefits for the national economy.
The administration has since 2021 been laying a solid foundation for the extractive industries so as to forge lasting partnerships towards win-win investments in the sector.
To fully actualise the mining agenda, President Chakwera has reinforced the legislative and legal frameworks that guide exploration, extraction and sale of precious minerals.
Currently, all Mining Development Agreements are been drafted and implemented in a manner that maximises return on investment in Malawi’s favour.
Problems to be solved
Formalisation of the mining sector through comprehensive reforms to legislative and legal frameworks to guide exploration, extraction and sale of precious minerals
Established the National Mining Company mandated to catalyse private sector development, encourage joint ventures, act as a state equity partner, undertake in-depth exploration and maximize revenue generation
Established state-owned enterprise, Malawi Mining Investment Company, to spearhead investments in the mining sector and manage government interests
Opportunities to unlock
Established a state-of-the-art Mineral Laboratory Complex for processing mineral samples
Negotiated and signed a win-win Mining Development Agreement for the mining of niobium at Kanyika in Mzimba
Advanced processes towards the opening of the world's largest deposits of rutile at the Kasiya Rutile-Graphite Project in Lilongwe