HomeEast AfricaMalawi reviews mining act to unlock mineral potential

Malawi reviews mining act to unlock mineral potential

Through Malawi’s Ministry of Natural Resources, Energy and Mining; and with the support of African Minerals Development Centre (AMDC); government hosted a three-day stakeholder consultative meeting to review the Act and to align its mining regulations and new Petroleum Policy to the Africa Mining Vision (AMV).

The meeting kicked off on 10 August 2016 at the UN Conference Centre in Addis Ababa and brought together government, civil society representatives, industry operators and other private sector actors to discuss Malawi’s mineral governance frameworks.

“I am happy to note that this workshop is part of a long term relationship and continuation of our previous engagement on Malawi’s efforts to reform the country’s mineral regime, thereby making it consistent with the Africa Mining Vision,” says Fatima Haram Acyl, Commissioner for the Department of Trade and Industry at the African Union Commission.

The commissioner further stated that Malawi’s effort is within a larger context of a historic paradigm shift where African states are going beyond the current understanding of the value of minerals by looking into fiscal, downstream, upstream, knowledge and spatial linkages in its mineral sector management framework.

The event also allowed the government to have frank discussions with all stakeholders regarding governance issues on the extractive industry and process of the passing of the bill by the legislative arm of the government.

In a statement released, the Deputy Executive Secretary of the Economic Commission for Africa, Abdalla Hamdok says: “This meeting marks yet another important milestone in our collective agenda toward facilitating the structural transformation expected to result in unlocking Malawi’s potential as a major mineral-driven economy.”