Madagascar - The Mining Business Center, a mining hub

Founded in 2000, the BCMM is a public industrial and commercial establishment with a presence throughout the country via 12 provincial and regional offices. Its mission is to manage mining permits in Madagascar and to promote the Malagasy mining sector nationally and internationally. In 2017, the MBC project led to the creation of a new hub for the sector. It serves as both the gateway for mining investments in Madagascar and a platform for exchanges with national and foreign investors.

The BCMM intends to continue cleaning up mining activity. The MBC also ensures better traceability of precious stones and limits the trafficking of sapphires and rubies extracted from open-pit mines.

In summary, the expected results are as follows:
– Increase the number of new mining investors operating in Madagascar
– Improve the flow of Foreign Direct Investment (FDI) through various new mining projects
– To accelerate and improve administrative procedures (quality of service)
– To be the showcase for «Doing Business» and good business practices in Madagascar
– To establish better synergy between the actions of all institutional actors in the sector
– Eradicate underground and informal economies
– To encourage the local processing of mineral products, with a view to increasing added value
– Improve the sector's economic contribution to the country's development through various mining projects
– To host international trade shows and conferences in the mining sector

Position

Advertising space selection

Reference

Please select an ad format

You can change the ad format

The file format is not recognized

Drag and drop or click here
to download an ad

Click here to download an ad

Here you can drag and drop or upload an ad

Send the ad up to 8 days after payment
A link will be sent to you by contact@via-agency.media

Reserved space
Announcement transmitted

If you want another location, you can move this ad

Position

Reference

If you want another location, you can move this ad

The challenges of the Malagasy mining sector

The mining sector represents:
– 27,591,300,000 TEUs in export revenue in 2018
– 14% of tax revenue or 60% of foreign currency revenue and 30% of tax revenue
– 1st source of FDI, amounting to $227 million in 2019
– 4.18% contribution to GDP in 2020
Two types of farms coexist:
– Artisanal and small-scale mining: 500,000 full-time jobs and up to 1 million seasonal workers
– Large-scale mining companies: Ambatovy with initial investments of USD 8 billion, Rio Tinto QMM with $1.1 billion
Several initiatives are in place to improve the sector:
– Madagascar is the first African country to have implemented a mining cadastre system with the creation from the Mining Cadastre Office of Madagascar in 2009
– A business center, covering nearly 7,000 m², was inaugurated in 2017.
– Madagascar adhering to the Extractive Industries Transparency Initiative (EITI) process with a third validation scheduled for December 9, 2021