Launch of future of mining revenue for Malawi study report
On Tuesday, 15 November 2016, Oxfam, Natural Justice Network and Publish What You Pay Malawi will launch Future of mining revenue for Malawi study report in Lilongwe at Bingu International Conference Centre (BICC) from 1400hr. The study which focussed on Mkango Hill rare-earth project as a case study reveals that government revenues from the mining sector have not met expectations. This has been due to long timelines from discovery to production, to the global slump in commodity prices, and to government investment incentives offered to mining companies such as Paladin. The study assessed the economic viability of extractives sector bearing in mind the huge expectations that the country has in the industry as an alternative to the agriculture sector that is being heavily hit by climate change. Oxfam in Malawi Country Director, John Makina says the report has revealed that there is always need to do an economic assessment of a mining project before commencement. It is important in our future mining projects that we should be doing a thorough economic viability of mining projects the same way we do environmental and social impact assessments, says Makina. This will help us set realistic targets and expectations of how much revenues we should expect from a particular project. For more than a decade, mining has been touted as having a potential to become a major driver of the Malawian economy and a much-needed source of additional government revenue. Thus far, the sector has failed to live up to expectations. The launch will be broadcast live on Zodiak Broadcasting Station (ZBS). As part of the event, a panel of experts will discuss the study findings and listeners will be given a chance to contribute to the discussion through mobile text messaging. For more details regarding the report and launch, please contact Elyin Nkhonjera on 0999 274 411 or email enkhonjera@oxfam.org.uk
STATE OF THE NATION ADDRESS BY PETER MUTHARIKA, PRESIDENT OF THE REPUBLIC OF MALAWI ON THE OCCASION OF THE STATE OPENING OF THE 3RD MEETING IN THE 47TH SESSION OF PARLIAMENT AND 2018/2019 BUDGET MEETING LILONGWE