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Kanonono
Kanonono
7 years ago

Guys, let’s be serious. We do not live in exclusion with the rest of the world. Exploration is not extraction. The 5% on exploration is the same everywhere. In fact, the royalty rates vary from 3 to 5%. What you should be looking up to is how will the extraction agreements (Mining Development Agreements) look like. These agreements only come after the explorer gets convinced that he has discovered economically-viable oil reserves and would thus be willing to go to the next level i.e. actual extraction of the resource from the ground. That is where we would say we are… Read more »

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CONCERNED CITIZEN
CONCERNED CITIZEN
7 years ago

Information bill has been signed into law. Malawians will demand to see the contracts and we will see how Government will respond. Such contracts are not supposed to be a secret at all. Zikukhudza a Malawife chonco its our right to know.

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benjones
benjones
7 years ago

OILGATE CORRUPTION IN LINE!!!

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Achimidzimidzi
Achimidzimidzi
7 years ago

Dada Cassius Chirambo be honest, 5% is just too low.

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