MINISTRY Ministry of Natural Resources MinesGeologyEnvironmentFisheriesForestryEnergy
DUTY AND TAXATION l Duty rates: range from 30-35% l Duty waiver possible l Surtax at 20% l Royalties vary from 5 to 10% l Corporate Tax at 35% l Capital allowance at 20%
MINERAL RIGHTS l Mines and Minerals Act 1981 Regionally competitive Reconnaissance Licences Exclusive Prospecting Licences Mining Licences Reserved Minerals Licence l Environmental Management Act 1996
YEAR 2000 EXPLORATION UPDATE l GSD: geo-chemical sampling on Au anomalies in the Kirk Range l Lisungwe Valley Mineral Resources identified 18 targets for Au, Ni-Cr and PGM minerals in the Kirk Range l Placer Dome/Phelps Dodge: geological mapping and reconaissance drilling in the Shire Highlands on Cu-Ni anomaly.
WHY INVEST IN MALAWI l Comprehensive geological data base l Political stability l Security of tenure guaranteed l Liberalised economy l Independent Licencing Committee l Cheap labour l Improved supporting infrastructure
POTENTIAL JOINT VENTURE PROJECTS l BAUXITE28.8mtMDC l Rare Earths11.0mt Saner l Titanium100mtDOM l Phosphate2.0mtMDC l Vermiculite2.5mtDOM l Uranium.063mtPalladin