'Hidden Powerhouse'30 Jul 2023 11:02
'The Malawi government is not leaving the sector’s success to chance. Several measures have been put in place to enhance the growth and profitability of mining. To encourage investment, the government has implemented tax incentives and established a mining and minerals regulatory authority. Moreover, it has identified roads leading to potential major mining projects for upgrading.
The government has also opened discussions with the Ministry of Energy to ensure power supply to these major mining projects. Other strategies include the introduction of community development agreements for large-scale mining projects, the establishment of the Malawi Environment Protection Authority, and gold and gemstone buying initiatives by the Reserve Bank of Malawi.'
Major Mining Projects on the Horizon
Currently, seven larger projects are set to kick off and may begin production by the end of the decade. These include Kanyika Niobium Mining in Mzimba, Songwe Hill Rare Earths Mining in Phalombe, Malingunde Graphite in Lilongwe, Rutile in Lilongwe, Makanjira Heavy Mineral Sands in Mangochi, Tengani -Heavy Minerals Sands in Nsanje, and Kangankunde Rare Earth in Balaka.
https://bnn.network/breaking-news/economy/mining-in-malawi-a-hidden-economic-powerhouse/