Malawi is looking to reposition the country as an emerging mining economy and has finalised drafting a mines and minerals policy, which is expected to draw mining investment in the southern African country.

Mining has not really taken off and only accounts for around 10% of the country’s gross domestic product, yet large areas still remain to be explored for high-value minerals such as gold, platinum-group metals and diamonds.

Natural resources minister Grain Malunga says that the government has put in place an enabling environment in order to attract investment to the minerals sector. The mines policy aims to
stimulate mining investment by administrating, regulating and facilitating regulatory growth in the sector through a ‘well-organised’ framework.

Malawi has also established incentives specifically aimed at the mining industry. This include the duty- free importation of exploration and mining equipment, ready access to a comprehensive geological and mineral resources database, the grant of mineral rights within a short period, easily transferable mineral rights, as well as a detailed investor guide.

Source: Creamer Media