Malawi launches first EITI report with calls for minerals and mining Act enactment - The Maravi Post: "LILONGWE-(MaraviPost)- The country’s much awaited Extractive Industry Transparency Initiative (EITI) report was launched this week with participants calls for Government to amend the 1981 Minerals and Mining Act.
The report, which is the first of its kind, was to enable Malawi attain world compliant status in the extractive industry.
The study covers payments by extractive companies, revenues received by Government entities, and other material payments between July 2014 and June 30, 2015.
The total revenue received from the extractive industries amounted to MK5.9 billion, of which only 60% was generated and accounted for by the Malawi Revenue Authority (MRA)."
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