Malawi loses $100mn a year to gold smuggling, state miner says
Malawi is losing about $100mn a year to gold smuggling, according to the state-backed Malawi Mining Investment Company (Mamico), which is setting up trading centres to buy the metal directly from small-scale miners. Leonard Kalindekafe, Mamico’s chief executive, said the leakage undermines the economy and deprives Malawians of their wealth. He spoke to journalists during […] The post Malawi loses $100mn a year to gold smuggling, state miner says appeared first on Malawi News | Breaking News, Politics, Business & Sports | Nyasa Times .