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MALAWI MINING SECTOR

MALAWI MINING SECTOR. The sector and fiscal regime. PRESENTATION OUTLINE. Background Statistics Ministerial Structure Duty and Taxation Mineral Rights Exploration Update Why Invest in Malawi. MALAWI STATISTICS. MINISTRY. Ministry of Natural Resources. Mines. Geology. Environment.

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MALAWI MINING SECTOR

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  1. MALAWI MINING SECTOR The sector and fiscal regime

  2. PRESENTATION OUTLINE • Background Statistics • Ministerial Structure • Duty and Taxation • Mineral Rights • Exploration Update • Why Invest in Malawi

  3. MALAWI STATISTICS

  4. MINISTRY Ministry of Natural Resources Mines Geology Environment Fisheries Forestry Energy

  5. DUTY AND TAXATION • Duty rates: range from 30-35% • Duty waiver possible • Surtax at 20% • Royalties vary from 5 to 10% • Corporate Tax at 35% • Capital allowance at 20%

  6. MINERAL RIGHTS • Mines and Minerals Act 1981 Regionally competitive  Reconnaissance Licences  Exclusive Prospecting Licences  Mining Licences  Reserved Minerals Licence • Environmental Management Act 1996

  7. YEAR 2000 EXPLORATION UPDATE • GSD: geo-chemical sampling on Au anomalies in the Kirk Range • Lisungwe Valley Mineral Resources identified 18 targets for Au, Ni-Cr and PGM minerals in the Kirk Range • Placer Dome/Phelps Dodge: geological mapping and reconaissance drilling in the Shire Highlands on Cu-Ni anomaly.

  8. WHY INVEST IN MALAWI • Comprehensive geological data base • Political stability • Security of tenure guaranteed • Liberalised economy • Independent Licencing Committee • Cheap labour • Improved supporting infrastructure

  9. POTENTIAL JOINT VENTURE PROJECTS • BAUXITE 28.8mt MDC • Rare Earths 11.0mt Saner • Titanium 100mt DOM • Phosphate 2.0mt MDC • Vermiculite 2.5mt DOM • Uranium .063mt Palladin

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