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7 Dec 2012

Agence de Presse Africaine

Malawi told to renegotiate Paladin uranium deal

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The African Forum and Network on Debt and Development (AFRODAD) Executive Director Collins Magalasi...[has said that] the government of Malawi had made a bad choice of project given the absence of transparency and accountability in the deal. “Government needs to look back at the contract and renegotiate for a better deal which can benefit the nation including the communities where the project takes place” he said. He therefore urged Malawi MPs and civil society organisations (CSOs) to take up the issue and bring pressure to bear on the government to return to the negotiating table. A representative of the CSOs Moses Mkandawire said they are ready to take up the issue to government to renegotiate for a better deal with the Paladin Company...adding that the company has paid little in terms of royalties to the state...[and] performed poorly in the area of corporate social responsibility.

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Malawi: Civil society's concerns that mining firm Paladin does not support local development sufficiently are unjustified, says govt.

Paladin lawsuit (re Malawi)