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Geophysical map prices released

Following the gazetting of the high resolution geophysical data, the government has announced the prices for the maps.

Investors wishing to access the document, will have to part ways with a minimum of K10,000 for different geological maps.

The high resolution geophysical data results were launched mid last year, but investors could not access because of the price absence.

Last month, minister of mining Bright Msaka, signed a gazette price schedule for the mining sector.

According to the gazette, investors or those interested in buying the high resolution geophysical paper map of 1:1,000,000 scale in colour will have to part ways with K33,250 while a PDF copy is at K75,000.

The 1:100,000 scale high resolution geophysical map has been set at a price of K20,250 while the same copy in PDF is at K75,000.

The colour high resolution gravity paper map of scale 1:250,000 is going at K27,750 a copy.

The gazette also indicate that black and white copies of the airborne geophysical maps have been pegged at K10,000.

In an interview, t h e department of mines publicist Levi Undi said in order to attract more investments in the sector, the prices for the maps are not supposed to be prohibitive.

He said world wide price schedules for the maps are affordable, hence no need for Malawi to offer its maps at a higher price.

“The maps are a guide to investors and we would not want to scare them away with exorbitant prices. We believe that these maps will increase mining investments in the country and also as a nation, we will be able to know the type of minerals we have,” said Undi.

He further said the maps are not only targeting foreign investors but also locals, who are encouraged to invest in the sector.

Similar documents in foreign countries are averaging at US$10 per copy.

In Cyprus the minimum price for the maps is 10 Euro (equivalent to K7,300) while in Ontario the prices range from US$8 to US$12 (an equivalent of between K5,500 to K8,000).

In Ontario, CD copies are going at US$20 while DVDs are at US$25 each.

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