Attorney General says Malawians will get back K400 trillion from a US Mining firm soon
December 26, 2022
Ezra Mtimuni - Nyasa Times 22 Comments
Malawi is geared to soon get back around $309 billion (approximately close to K400 trillion) belonging to Malawians from a US-based mining company in unpaid revenue on mineral resources extracted in in the country, the country’s head of the bar, the Attorney General (AG) Thabo Chakaka-Nyirenda has declared.
The government’s top lawyer, Nyirenda has disclosed that his offices is prepared and ready to start legal proceedings in the US against a Columbia Gem House company over trillions of kwachas in claims on unpaid revenue on mineral resources extracted at Chimwadzulu Mine in Ntcheu, Malawi.
Chakaka Nyirenda, in an interview with Nyasa Times, says his office is currently working with lawyers from the United Kingdom (UK) and United States of America (USA) on how best to file the suit.
AG Chakaka Nyirenda
Chakaka Nyirenda said: “We are demanding over $300 billion from Columbia Gem House in unpaid taxes on minerals extracted from our mines in Ntcheu which they have been mining since 2008.
“We will stop at nothing to get that money back and we are legally ready and steady for the fight, and we are engaging lawyers both the UK and the US to start proceedings against them.”
In a separate interview, chairperson for the natural resources justice network Kossam Munthali said: “We hope we will get our money back because this money is rightly ours.
“Getting this money back will be so significant to the country, which is currently struggling financially and the money will go along way in helping the nation’s poor.
In July this year, the government through Attorney General claimed $309bn (approx K310trn) from Columbia Gem House in unpaid revenue on mineral resources extracted at the Ntcheu, Chimwadzulu mine.
Nyala Mines Limited, a subsidiary of the US-based company, was given a 10-year mining licence, but the company only paid 604 thousand Kwacha in a period of over five years despite making a profit of K24 trillion per year.
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22 replies on “Attorney General says Malawians will get back K400 trillion from a US Mining firm soon”
Koma zinkatheka bwanji, lelo kumva kuti ndalamayi icokela Ku German linalo Ku US now zicokera mmalalwi mommuno. Nde timve ziti.
Windsor wangodzuka akuti akweze matarrif a madzi, Koma nyansi zake.
Then Ku ministry yaunduna sanagwile ncito Yao,
Then civil servants omwe safila nsanga and kuweluka nsanga Ku ncito., Omwe ambili mwa io akhala akusainila ma allowance Koma osagwilila ncito. Pano afuna aonjezerebwe malipilo. CEO, PS, Directions pa Malawi pano ambili ndi zero.
Nde Kuli ma MP, sad news.
Trust me Malawi will go nowhere with development. I repeat, trust me Malawi won’t develop.tili ndi ma crook abisa ndalama Athu za misonkho Ku ma lodge omwe amangidwa mmaderamu, Ku beach.
Why not sue in Malawi? Attorney fees in the US or UK are outrageous.
If we do get the money, most will be shared among top notch lawyers who are representing Malawi in this case. Draw contracts now so they will not suck Malawi clean
i have been in malaw since 2006 at least that time we well having a bill of 500 mkw one apple was less that 50 mkw. Bussiness was very good as i done my certificat in management the secret i discover as long the bill become big the nation curreny is develue itself. when the minister introduce big bill they say is because that money become too much on us but that definetly is a big liar.NNow i am grown up man but when this warm heart of africa malawi will introduce the the bill of 10000 mkw i will move will all my money in mozambic since january 2021 i have start to put or my profit in dollar.when there is demonstration i just pay 30000 mkw to 2 bondyguards to buy machets and reflects yellow clothes to kill who ever who want to enter in my shop. every election i receive my voting card buti do not waste my time going to vote because politician are busy stealing for day one they inter in office until the last day they get out. fellow malawian sopping voting a person base on ethinics for the only President i know and respect may his soul rest in peace is bingu wa muthalika he has value the kwacha unil his last breath hope full we could let his brother rules the second term all this mess up 5000 mkw could come on peter has PHD in economics see now how much is a bag of maize. mister preacher man chakwera what 5 proofs has he done wih the economy inthis country? all his cabinet and the him they are using our taxes like chopeleka cha ku church since his tems his vice president he is getting out of prison 2 times first times it was his friends who was supposed to in prison he pay and they did sleep even our night in cell econd time it was him where is the followed up with those those both situations conclusion is that the his boss chakwera is involved. about this 400 trillion malawi even in 2030 it will never come back. chakwera has degree in religious stundy so lets us acceptall his mistakes of thoe so called man God who is stel in the name of our lord but next elections making sure that these fools tonse alliance loose.
Did he ever report back about the AIP money he chased in Europe that was paid to the abbatoir company with nine employees? What was the outcome?
If all the deals we have been hearing struck, and if this one materializes, Malawi will have no equal in Africa. Ma hope achuluka ndithu
Why don’t you squeeze the local partner.
How corrupt and stupid this country is??..all this time this issue was just being silenced..and we all know stupid politicians benefited from this.. and to go in detail these ppl won’t pay anything they arleady paid politicians
Good job
Why did the Govt let the debt accumulate to such a high amount ? Now its gonna cost a lot and get the debt paid , and that if we win the case. And AG don’t say we will get back the money soon , we know a lot of money that’s owed to Govt and recovery process imathela mmagiya
This is day dreaming what the what is get money from here in the name of case so the pocket but government for abuse the are busy for nothing
Even u get-back. The money u guys ,aaaah,! Always you eat alone.so is better not 2.
If they make k24trillion annually,, times 10 years it makes k240 trillions where is your claims about k300 trillion coming from? You said k24 trillion is there profit does it means you taking or all of the profits from them??
my question as well
Plus Damages
Something is not adding up. $309 billion divided by 14 years comes to $22 billion in taxes alone per year; and the claim is that the company makes profits amounting to $24 billions per year.
World Bank, IMF and CIA all talk of Malawi making a Gross Domestic Products (GDP) of about $8 billion per year. Unless they meant to say $309 million, otherwise they shouldn’t lie to us about engaging US and UK lawyers.
Even a South African GOLD or DIAMOND mine would be proud to make such profits in a year.
He claiming 3oo billion not trilion
He is claiming 300 billion not trillion. Read carefully!!
I think there is an error Somewhere there,there is no way the company could make 24 Trillion anually which sums up to 240 over 10years and you expect them to pay back 309 (dollars)?This means you are taking back everything they have worked hard for plus extras on top of that.I hope Iam reading the right article here.But all I know is that there can’t be fire without smoke.Mistake there!please correct the error so everyone can have a clear picture of what they are reading,
interests and penalties
The same guy that failed to bring a penny from Germany is in Trillions now – what does he smoke – cant be weed for sure – but much stronger that provides grandiosity hallucins
Yea sure it seems tricky here because of anything we should be hearing of 16.5% of that MK240 Trillion and not 300 unless there are some factors associated
Koma zinkatheka bwanji, lelo kumva kuti ndalamayi icokela Ku German linalo Ku US now zicokera mmalalwi mommuno. Nde timve ziti.
Windsor wangodzuka akuti akweze matarrif a madzi, Koma nyansi zake.
Then Ku ministry yaunduna sanagwile ncito Yao,
Then civil servants omwe safila nsanga and kuweluka nsanga Ku ncito., Omwe ambili mwa io akhala akusainila ma allowance Koma osagwilila ncito. Pano afuna aonjezerebwe malipilo. CEO, PS, Directions pa Malawi pano ambili ndi zero.
Nde Kuli ma MP, sad news.
Trust me Malawi will go nowhere with development. I repeat, trust me Malawi won’t develop.tili ndi ma crook abisa ndalama Athu za misonkho Ku ma lodge omwe amangidwa mmaderamu, Ku beach.
Why not sue in Malawi? Attorney fees in the US or UK are outrageous.
If we do get the money, most will be shared among top notch lawyers who are representing Malawi in this case. Draw contracts now so they will not suck Malawi clean
i have been in malaw since 2006 at least that time we well having a bill of 500 mkw one apple was less that 50 mkw. Bussiness was very good as i done my certificat in management the secret i discover as long the bill become big the nation curreny is develue itself. when the minister introduce big bill they say is because that money become too much on us but that definetly is a big liar.NNow i am grown up man but when this warm heart of africa malawi will introduce the the bill of 10000 mkw i will move will all my money in mozambic since january 2021 i have start to put or my profit in dollar.when there is demonstration i just pay 30000 mkw to 2 bondyguards to buy machets and reflects yellow clothes to kill who ever who want to enter in my shop. every election i receive my voting card buti do not waste my time going to vote because politician are busy stealing for day one they inter in office until the last day they get out. fellow malawian sopping voting a person base on ethinics for the only President i know and respect may his soul rest in peace is bingu wa muthalika he has value the kwacha unil his last breath hope full we could let his brother rules the second term all this mess up 5000 mkw could come on peter has PHD in economics see now how much is a bag of maize. mister preacher man chakwera what 5 proofs has he done wih the economy inthis country? all his cabinet and the him they are using our taxes like chopeleka cha ku church since his tems his vice president he is getting out of prison 2 times first times it was his friends who was supposed to in prison he pay and they did sleep even our night in cell econd time it was him where is the followed up with those those both situations conclusion is that the his boss chakwera is involved. about this 400 trillion malawi even in 2030 it will never come back. chakwera has degree in religious stundy so lets us acceptall his mistakes of thoe so called man God who is stel in the name of our lord but next elections making sure that these fools tonse alliance loose.
Did he ever report back about the AIP money he chased in Europe that was paid to the abbatoir company with nine employees? What was the outcome?
If all the deals we have been hearing struck, and if this one materializes, Malawi will have no equal in Africa. Ma hope achuluka ndithu
Why don’t you squeeze the local partner.
How corrupt and stupid this country is??..all this time this issue was just being silenced..and we all know stupid politicians benefited from this.. and to go in detail these ppl won’t pay anything they arleady paid politicians
Good job
Why did the Govt let the debt accumulate to such a high amount ? Now its gonna cost a lot and get the debt paid , and that if we win the case. And AG don’t say we will get back the money soon , we know a lot of money that’s owed to Govt and recovery process imathela mmagiya
This is day dreaming what the what is get money from here in the name of case so the pocket but government for abuse the are busy for nothing
Even u get-back. The money u guys ,aaaah,! Always you eat alone.so is better not 2.
If they make k24trillion annually,, times 10 years it makes k240 trillions where is your claims about k300 trillion coming from? You said k24 trillion is there profit does it means you taking or all of the profits from them??
my question as well
Plus Damages
Something is not adding up. $309 billion divided by 14 years comes to $22 billion in taxes alone per year; and the claim is that the company makes profits amounting to $24 billions per year.
World Bank, IMF and CIA all talk of Malawi making a Gross Domestic Products (GDP) of about $8 billion per year. Unless they meant to say $309 million, otherwise they shouldn’t lie to us about engaging US and UK lawyers.
Even a South African GOLD or DIAMOND mine would be proud to make such profits in a year.
He claiming 3oo billion not trilion
He is claiming 300 billion not trillion. Read carefully!!
I think there is an error Somewhere there,there is no way the company could make 24 Trillion anually which sums up to 240 over 10years and you expect them to pay back 309 (dollars)?This means you are taking back everything they have worked hard for plus extras on top of that.I hope Iam reading the right article here.But all I know is that there can’t be fire without smoke.Mistake there!please correct the error so everyone can have a clear picture of what they are reading,
interests and penalties
The same guy that failed to bring a penny from Germany is in Trillions now – what does he smoke – cant be weed for sure – but much stronger that provides grandiosity hallucins
Yea sure it seems tricky here because of anything we should be hearing of 16.5% of that MK240 Trillion and not 300 unless there are some factors associated