Chakwera’s Tonse buys 187kgs gold at MK9.4bn from locals

LILONGWE- President Lazarus Chakwera “s Tonse Alliance government has bought 187 kilograms kkgs) of Gold through Reserve Bank of Malawi (RBM) at a sum of MK9.4 billion. Minister of mining Albert Mbawala disclosed this on on Thursday, January 2, 2023 in the capital Lilongwe during face the press. According to Mbawala in the next month of February RBM will also start…

By Dorica Mtenje

LILONGWE (MaraviPost)-President Lazarus Chakwera’s Tonse Alliance government has bought 187 kilograms kkgs) of Gold through Reserve Bank of Malawi (RBM) at a sum of MK9.4 billion.

Minister of mining Albert Mbawala disclosed this on on Thursday, January 2, 2023 in the capital Lilongwe during face the press

According to Mbawala in the next month of February RBM will also start buying gemstones.

“Buying gemstones from the citizens of the county will highly contribute towards creation of job opportunities as well as improving living standards of malawians,” he assured.

Bawala disclosed that government is currently in talks with three mining companies in the name of mkango limited, Global mentals and lotus who have shown interest to mine in the county.

He added that government is not ready to bend down their rules on mining companies that have selfish reasons.

Malawi’s extractive industry has not fully utilised.

ANA NEWS WIRE Disclaimer:
The African News Agency (ANA) is a news wire service and therefore subscribes to the highest standards of journalism as it relates to accuracy, fairness and impartiality.
ANA strives to provide accurate, well sourced and reliable information across Text, Images and Video. Where errors do appear, ANA will seek to correct these timeously and transparently.
The ANA platform also contains news and information from third party sources. ANA has sought to procure reliable content from trusted news sources but cannot be held responsible for the accuracy and opinions provided by such sources on the ANA platform or linked sites.
The content provided for on the ANA News Wire platform, both through the ANA news operation and via its third party sources, are for the sole use of authorised subscribers and partners. Unauthorised access to and usage of ANA content will be subject to legal steps. ANA reserves its rights in this regard.
ANA makes every effort to ensure that the website is up and running smoothly at all times, however ANA does not take responsibility for, and will not be held liable for times when the website is temporarily unavailable due to technical issues that are beyond our control.