KARONGA-(MaraviPost)-President Lazarus Chakwera has emphasized that his administration will ensure Malawi benefits significantly from the reopening of the Kayelekera Uranium Mine in Karonga.
He was speaking during the inauguration of the mine in Karonga on Tuesday, August 12, 2025.
The mine, which was closed in 2014 due to low uranium prices, is now set to contribute to the Malawi 2063 development aspirations under the new ownership of Lotus Resources.
According to Chakwera, government has ensured it gets maximum benefits and that its total share of the mine’s revenue now exceeds 50%, including a 15% equity stake, 30% corporate tax, and 5% royalty on gross revenue, among others.
He said this significant revenue share is expected to boost the country’s economy and improve the livelihoods of Malawians.
Chakwera urged Lotus Resources to develop Karonga through the mine and create opportunities for local communities to reap the benefits of the resources being extracted.
The mine’s revival is expected to generate up to 600 jobs, with 90% reserved for Malawians. A Community Development Agreement (CDA) allocates 0.45% of total revenue toward local projects, prioritizing local suppliers from Karonga.
This is to ensure that surrounding communities benefit directly from the mining activities with equitable shares.
Paramount Chief Kyungu of Karonga and Chitipa hailed the CDA as a critical milestone in fostering equitable development in mining communities.
He however, asked for recruitment of capable locals at the mine and asked the locals to safeguard the mine for future generations’ benefit.
The Presidential Delivery Unit, led by Dr. Lazarus Chakwera, played a crucial role in facilitating the reopening of the mine.
The government has introduced mining development agreements to eliminate bottlenecks and loopholes, improving the livelihoods of Malawians.
Lotus Resources Chief Operating Officer, Mike de Costa, commended the government’s Agriculture, Tourism, and Mining strategy, saying that mining is not in isolation and its success can help boost agriculture production and tourism.
During the inauguration ceremony, President Chakwera symbolically presented K20 million to Karonga United Football Club and K10 million to Women in Mining at Kayelekera, demonstrating the government’s commitment to supporting local communities
