14Jul2012

Jubilee week brings Malawi Mining into focus

Her Excellency Joyce Banda President of Malawi flew into the UK as a member of the Commonwealth to celebrate Queen Elizabeth II Golden Jubilee in London.

During her time in the UK, H.E. Mrs Banda held a round table business forum as part of the President’s Growth Initiative that was attended by members of the Malawi Government and chaired by renowned British politician Baroness Lynda Chalker of Wallasey.

A small group of prominent businesses and investors, including Britannia Mining, a British mining development company, were selected to talk about enhancing the business climate for operators and investors in Malawi.

Kenneth Roberts, Britannia Mining President and CEO, presented a sample of iron ore sourced from the company’s project in Malawi. Britannia plans to extract iron ore from the Nthale area to supply regional and international buyers. H.E. Mrs Banda expressed interest in the company’s progress and assured Mr Roberts that the Government will be working hard to assist the private sector in Malawi.

Mining is considered a key driver of economic growth in the country. Along with energy, infrastructure, agriculture and tourism, mining forms part of the Presidential Initiative.

President Banda said that her investment vision for Malawi is a genuine commitment to move the country from aid to trade. She plans to achieve this by developing closer relationships between the private and public sectors, creating opportunities for dialogue and building strong meaningful and sustainable partnerships.

Baroness Chalker commented that under President Banda, Malawi now has a government that can respond to the need for change, making it easier for businesses to operate and create jobs.

Kenneth Roberts further commented, “in the few weeks that President Banda has held office, the commitment she has shown the private sector is most encouraging. Britannia Mining intends to work with Malawi stakeholders in a proposed working group that will meet regularly to develop trade in Malawi.”

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  • 14 Jul, 2012
  • Sindy Foster
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