ABOUT US
The Chamber of Mines and Energy is a group of companies and individuals operating in the minerals industry for advancement of sustainable exploitation of minerals for the benefit of its members, government and local communities.
OUR MISSION
To effectively promote exploration and mining in Malawi for the benefit of all stakeholders using sound business principles backed by integrity and transparency.
2019 - 2022 MINERAL PRODUCTION STASTICS
| Commodity | Unit | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|
| Coal | Tonnes | 33,100.70 | 54,875.80 | 30,250.8 | 62,166.10 |
| MK ’million | 488 | 2,063.30 | 430.5 | 1,530.10 | |
| Limestone* | Tonnes | 335,967.80 | 600,122.60 | 486,630.80 | 319,641.50 |
| MK ’million | 1,363.40 | 797.4 | 746.3 | 1,400.30 | |
| Aggregate | Tonnes | 15,729,206.60 | 749,902.60 | 783,416.6 | 504,536.00 |
| MK ’million | 26,154.50 | 4,359.10 | 5,035.90 | 6,124.80 | |
| Gemstone | Tonnes | 716.4 | 20.4 | 15 | 329.5 |
| MK ’million | 295.9 | 211.5 | 101,165.70 | 320.5 | |
| Gold | Tonnes | - | - | - | 186.9 |
| MK ’million | - | - | - | 9,400.00 | |
| Dimension Stone | Tonnes | - | 926.5 | 1,845.10 | 2,040.50 |
| MK ’million | - | 227.5 | 289.5 | 549.4 | |
| Total MK ’million | 28,301.80 | 7,658.70 | 107,667.90 | 19,325.10 | |
Taxation Information for Mining Ventures:
- Corporate Tax: Rate - 30%
- Value Added Tax (VAT): Rate - 16.5%
- Withholding Tax: Rate - 20% (10% on dividends)
- Non-Resident Tax: Rate - 10%
- Resource Rent Tax: Rate - 15% of super profits after Corporate Income Tax (CIT)
- Import Customs and Excise Duties: Rate - 15%
- Royalties:
1. Industrial Minerals: Rate - 5%
2. Precious Minerals: Rate - 10%
Investment Incentives for Mining Ventures:
- Start-Up Capital Expenditure: Any capital expenditure accrued within the first four years after a mining license is granted is entitled to a 100% allowance in the first year of assessment. This can alternatively be spread out evenly over a ten-year period.
- Mine-Specific Expenditure: For expenditure that is considered "mine-specific" and does not qualify as start-up expenditure, deductions are allowed proportionate to the remaining life of the mine.
- General Expenditure: For all other types of expenditure, general tax rules apply.
- Carry Forward of Losses: Losses may be carried forward for a duration of six years.
- Duty-Free Importation: Specialized goods imported for use in mining operations can be brought into the country duty-free.
- Stability Period: A stability period of 10 years is guaranteed from the time of project commissioning.
- Corporate Tax Holiday:A Corporate Tax Holiday may be granted upon the approval of the Minister of Finance.
WHY SHOULD YOU JOIN CMEM?
MINING PROJECTS
Malawi has several minerals with economic potential, such as : Phosphates (apatite), Bauxite, Kaolinitic, Coal, Kyanite, Limestones, Rare Earths (including Strontianite and Monazite), Graphite, Sulphides (Pyrite and Pyrrhotite), Titanium minerals along the Lakeshore, and Vermiculite.
ADMINISTRATIVE COUNCIL
Theo Keyter is a highly skilled mining professional with over 42 years of international experience. His career highlights include managing operations in South Africa, Sierra Leone, Malawi, and Saudi Arabia, and overseeing the Mponeng Deepening Project, the world's deepest mining operation. As the General Manager of Lotus (Africa) Ltd's Kayelekera Mine in Northern Malawi, Keyter has significantly contributed to the region's economic development through effective management and community engagement. His expertise in the industry is marked by a commitment to sustainable practices and a balanced approach to corporate and social responsibilities.
Grain Malunga is a distinguished expert in the mineral resources sector, serving as the Coordinator for the Malawi Chamber of Mines and Energy. His expertise encompasses geological mapping, mineral exploration, and evaluation. Malunga is recognized as a Fellow of the Institute of Materials, Minerals and Mining, highlighting his significant contributions to the field. He has also served Malawi as the Minister of Natural Resources, Energy, and Environment. Currently, he holds the position of Director and Country Manager at Lotus Africa Limited, where his vast experience continues to play a pivotal role in advancing Malawi's mining industry.
Dina Longwe, as the Secretary of the Malawi Chamber of Mines, is recognized for her expertise in transport and logistics, market research, and in identifying potential financial providers and suppliers. Her role as the Business Development Director for Bwanje Cement Company complements her responsibilities at the Chamber. Holding an MBA along with a Bachelor of Technology in Marketing, Longwe’s academic and professional background positions her effectively in the mining industry and in business development within Malawi.
