{"id":39801,"date":"2024-03-06T17:00:05","date_gmt":"2024-03-06T16:00:05","guid":{"rendered":"https:\/\/yearbooktest1.com\/?p=39801"},"modified":"2024-06-28T11:32:02","modified_gmt":"2024-06-28T09:32:02","slug":"madagascar-le-mining-business-center-un-hub-minier","status":"publish","type":"post","link":"https:\/\/afrique.yearbook-media.com\/en\/madagascar-le-mining-business-center-un-hub-minier\/","title":{"rendered":"Madagascar \u2013 The Mining Business Center, a mining hub"},"content":{"rendered":"
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\n\t\t\t\t\t\t\t\t\tMadagascar \u2013 The Mining Business Center, a mining hub\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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The Mining Cadastre Bureau of Madagascar (BCMM) aims to\u00a0<\/span>the Mining Business Center (MBC) a stock exchange for mines.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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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.<\/p>\n

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.<\/p>\n

In summary, the expected results are as follows: 
\u2013 Increase the number of new mining investors operating in Madagascar 
<\/span>\u2013 Improve the flow of Foreign Direct Investment (FDI) through various new mining projects 
<\/span>\u2013 To accelerate and improve administrative procedures (quality of service)
<\/span>\u2013 To be the showcase for \u00abDoing Business\u00bb and good business practices in Madagascar
<\/span>\u2013 To establish better synergy between the actions of all institutional actors in the sector 
<\/span>\u2013 Eradicate underground and informal economies 
<\/span>\u2013 To encourage the local processing of mineral products, with a view to increasing added value 
<\/span>\u2013 Improve the sector's economic contribution to the country's development through various mining projects 
<\/span>\u2013 To host international trade shows and conferences in the mining sector<\/span><\/p>\n

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The challenges of the Malagasy mining sector<\/b><\/p>\n

The mining sector represents:\u00a0
\u2013 27,591,300,000 TEUs in export revenue in 2018\u00a0
<\/span>\u2013 14% of tax revenue or 60% of foreign currency revenue and 30% of tax revenue
<\/span>\u2013 1st source of FDI, amounting to $227 million in 2019
<\/span>\u2013 4.18% contribution to GDP in 2020\u00a0
<\/span>Two types of farms coexist:
<\/span>\u2013 Artisanal and small-scale mining: 500,000 full-time jobs and up to 1 million\u00a0<\/span>seasonal workers
<\/span>\u2013 Large-scale mining companies: Ambatovy with initial investments of USD 8 billion, <\/span>Rio Tinto QMM with $1.1 billion
<\/span>Several initiatives are in place to improve the sector:
<\/span>\u2013 Madagascar is the first African country to have implemented a mining cadastre system with the creation\u00a0<\/span>from the Mining Cadastre Office of Madagascar in 2009
<\/span>\u2013 A business center, covering nearly 7,000 m\u00b2, was inaugurated in 2017.\u00a0
<\/span>\u2013 Madagascar adhering to the Extractive Industries Transparency Initiative (EITI) process <\/span>with a third validation scheduled for December 9, 2021<\/span><\/p>\n

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Le Bureau du cadastre minier de Madagascar (BCMM) a l\u2019objectif de faire\u00a0du Mining Business Center (MBC) une place boursi\u00e8re pour les mines. Fond\u00e9 en 2000, le BCMM est un \u00e9tablissement public \u00e0 caract\u00e8re industriel et commercial, pr\u00e9sent dans tout le pays \u00e0 travers 12 bureaux provinciaux et r\u00e9gionaux. Il a pour missions de g\u00e9rer les … Read more<\/a><\/p>","protected":false},"author":1,"featured_media":42024,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5,178,114,285],"tags":[],"class_list":["post-39801","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-madagascar","category-madagascar-mines","category-mines","category-page-pays-only","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-20"],"acf":[],"yoast_head":"\nMadagascar - The Mining Business Center, a mining hub<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/afrique.yearbook-media.com\/en\/madagascar-le-mining-business-center-un-hub-minier\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Madagascar - Le Mining Business Center, un hub minier\" \/>\n<meta property=\"og:description\" content=\"The Mining Cadastre Bureau of Madagascar (BCMM) aims to make the Mining Business Center (MBC) a stock exchange for mining companies. 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