New Materials research report from Timetric is now available from Fast Market Research
Boston, MA -- (SBWIRE) -- 09/03/2014 -- The Department of Mineral Resources, Energy and Environment is the main governing body for policy guidance and direction on all matters concerning Malawi's natural resources, energy, and environmental management. The Department of Mines, which comes under the Ministry of Natural Resources, Energy and Environment, is responsible for the development of the mining industry, as well as the creation of a sustainable mining environment. The Mines and Mineral Act 1981 is the apex governing law for Malawi's mining industry.
The Ministry of Natural Resources, Energy and Environment is the main body responsible for regulating mining in Malawi.
The Department of Mines was established with an aim to provide development of the mining industry, and to create a sustainable mining environment.
The Mines and Mineral Act 1981 include the main laws for mining regulations in Malawi. The Act makes provisions with respect to searching for mining minerals, repealing the mining act and certain others, and provides for matters connected thereto.
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The report outlines Malawi's governing bodies, governing laws, licenses and key fiscal terms which includes Royalty, Corporate Income Tax, Capital Gains Tax, , Loss Carry Forward, Depreciation, Withholding Tax, Tax Incentives and Value Added Tax, VAT.
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