Malawi Mining Set to Net $500m
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Tuesday, 18 May 2010 18:21

7 May 2010 Africa News
Malawi's mining prospects are expected to jump from the current $100m to $500m between now and 2018, the Malawi Ministry of Labour said.

 

A World Bank review of the country's mining sector revealed the good news.

Principle Secretary Andrina Mchiela said such figures will provide employment as the industry will contribute more to the GDP.

"Currently the mining sector rolls in about 3% of the GDP. Projections are that the mining industry will contribute up to 20% by 2011.