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Bright Msaka says Revised Mines Act bill will adequately addresses Corporate Social Responsibility

The Mines and Minerals Act of 1981 wears new face at the Sunbird Capital Hotel in Lilongwe yesterday, as the proposed draft bill is under scrutiny. The aim of revising the new law is to build and improve the worse economy of Malawi in as far as Mines and Minerals industries are concerned.

The Minister of Natural Resources Energy and Mining Bright Msaka, SC during his first assignment presided over the four days consultative workshop. The purpose of the Act is of paramount importance as it regulates the development of the mineral resources of Malawi through adherence to sustainable development principles. “Government under the sterling leadership of Arthur Peter Mutharika has singled out mining as one of the key transformative sector in uplifting economy, welfare of the present and future citizens of Malawi”, he said.

 

Further, Msaka adds that modern mines and minerals bill will adequately addresses Corporate Social Responsibility, fair prices, enforcement of transparent and accountability, decision making and encourages local equity participation not ignoring the role of women and youth.

Acting Director of Mine Peter M.C. Chilumanga concurred with Msaka that the law will preserve the environment by giving guidance on how to use the nature sustainably. Citing that environment through tourism contributes much to economy. Thereby, the proposed draft bill views and suggestions which are pointed out and the remaining gaps are taken into account collectively looking at the impact. “After the workshop the bill will be presented in cabinet and eventually to the National Assembly. During this stage further discussion will be done before presented in Parliament where it can become a law when assented”, said Chilumanga.

Commissioner for Mines and Minerals Charles Kaphwiyo, during introduction of the draft bill lamented that the previous law is outdated and it lucks some provisions hence proposing a new bill in mining sector. “The standard law of 1981 concerning Mines and Minerals is deteriorated which result in poor economy for the past years. Therefore, there is a need to revise the law to effectively improve the development of the country using the rich minerals Malawi have”, commented Kaphwiyo.

The Mines and Minerals Bill consultative workshop is being facilitated by The World Bank, European Union and The Republic of Malawi. The amended Mines and Minerals Bill was prepared by Professor James Otto with the Task force.

 

Maravi Post Reporter
Maravi Post Reporterhttps://www.maravipost.com/
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