Transcript MALAWI MINING SECTOR

MALAWI
Mining Sector Review2001
Authors:
Ellason. Kaseko
Director of Mines –Mines Department
and
Grain. Malunga
Deputy Director of Operations -MDC
PRESENTATION
OUTLINE
1.
2.
3.
4.
5.
6.
7.
Malawi Statistics
Potential Mineral targets
Exploration Activities in 2001
Mineral Sector Review
Government Intervention
Incentives
Why Invest in Malawi
MALAWI STATISTICS
Area
118,480 km2
Population
Currency
11,000,000
Malawi Kwacha U$1.0=MK70.00
GDP
U$1,863,700
Inflation
35.4%
Interest Rate 46-48%
Minerals
Coal, gemstone
Labour Force 3,500,000
Literacy Rate 56.4%
POTENTIAL MINERAL TARGETS





Gold and PGMS in basement
complexes
Coal, coal bed methane and
Uranium in Karoo complex
Rare earths, strontianite
and apatite in alkaline rocks
Bauxite and titanium sands
in Upper Jurassic to
Quaternary sediments
Kimberlite indications
EXPLORATION ACTIVITIES IN 2001






GSD: Bauxite and geo-chemical sampling
on Au anomalies in the Kirk Range
Lisungwe Valley Mineral Resources followup on 18 targets for Au, Ni-Cr and PGM
MDC: magnetic survey on Tundulu
phosphate deposit
Mulanje Minerals exploring for coal bed
methane
Ilomba Granite Ltd mining sodalite syenite
Granite Ltd mining amazono-granite
MINERAL SECTOR REVIEW





Restructuring of
DOM and GSD
Support to
artisanal miners
Mining Policy
Mining Act
Mining promotion
GOVERNMENT INTERVENTION

-
-
The goal is
Sustainable small
scale mining
through:
Poverty alleviation
Environmental
protection
Initiation of rural
infrastructure
development
GOVERNMENT INTERVENTION

-
-
-
Activities:
Formalisation of
informal gemstone
mining
Provision of
appropriate
technology
Facilitate SSM
financing
INCENTIVES






Political stability
Duty free status
Security of tenure
Free access to geological data base
Automatic conversion of Exploration
Licence to Mining Licence
Transfer of Mineral Rights
WHY INVEST IN MALAWI








Political stability
Comprehensive geological data base
Political stability
Security of tenure guaranteed
Liberalised economy
Independent Licencing Committee
Cheap labour
Improved supporting
infrastructure
INVITATION

Malawi invites you to visit
GSM website at
www.sdnp.org.mw/geosoc-mw


2nd Minerals Exhibition and
Conference in Blantyre from
25th – 27th July 2002
Contact:
Grain at [email protected]
Ellason at [email protected]