Malawi's Minerals: A Path to Revenue
Malawi has long exported its valuable minerals in raw form, resulting in lost potential revenue. The government has announced a ban on raw mineral exports, aiming to process resources locally.
The country is rich in minerals, including rubies, sapphires, gold, rutile, and rare earth elements. Previously, these were sold abroad with minimal local benefit.
- Rubies
- Sapphires
- Gold
- Rutile
- Rare earth elements
Processing minerals within Malawi could add up to $500 million to the economy each year.
The ban offers hope for more local jobs and stronger industries, but faces challenges in enforcement and support for small-scale miners.
Author's summary: Malawi bans raw mineral exports to boost revenue.
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