Mining
Prime Insurance beckons players in minerals sector
August 06, 2026 / Christopher JIMU
Prime Insurance Senior Marketing Officer Charity Skeva has urged players in the minerals sector including Artisanal and Small-scale Miners (ASMs), medium as well as large scale miners to insure their assets in order to maintain peace of mind when executing business.
In an interview with Mining and Trade Review, Skeva observed that despite the sector having great potential, there are many challenges that players face including accidents, theft cases and poor returns after extraction.
Skeva said insuring assets as well as employees is, therefore, of paramount importance for the players in the mining sector.
She said: “As Prime Insurance, we support miners by comprehensively insuring their assets. For example, recently we compensated a local smallscale mining group Tinyololoke Mines after they had encountered mishaps. It is our wish that most mining institutions get insurance so that they can come to us for help in times of eventualities.”
There are a number of companies providing insurance services to mining establishments across Malawi including Old Mutual, Nico, Britam, United General, Re-Union, and General Alliance, among others.
‘As a company, we know that mining has the potential to turn around the economic fortunes of the country although sometimes it is overlooked,’ said Skeva.
MD for Trinity Insurance Clement Kansese Ndala concurred with Skeva that mining has the potential to overtake agriculture as the country’s number one forex earner if properly supported.
“There is potential in mining and as an industry we are there to provide the necessary back up support,” said Ndala.
Mining is touted as one of the countries’ potential sectors to spur Malawi’s economic transformation in the country’s blueprint, Malawi 2063.
Malawi’s minerals sector is, currently, attracting global attention due to continued discovery of minerals critical to the global technological revolution including rare earths, graphite, rutile, uranium, niobium and tantalum.
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Rehabilitation:
The establishment of a stable and self-sustaining ecosystem, but not necessarily the one that existed before mining began. In many cases, complete restoration may be impossible, but successful remediation, reclamation, and rehabilitation can result in the timely establishment of a functional ecosystem.
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Remediation:
The cleanup of the contaminated area to safe levels by removing or isolating contaminants. At mine sites, remediation often consists of isolating contaminated material in pre-existing tailings storage facilities, capping tailings and waste rock stockpiles with clean topsoil, and collecting and treating any contaminated mine water if necessary.
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