Mining

Madagascar is ideally located within the Indian Ocean, southern and eastern African region. Abundant mineral resources, lower labour costs, proximity to the high growth markets of Asia and a supportive government make Madagascar an attractive destination for investors to establish operations and reap sustainable, long-term returns.

Madagascar has extensive onshore and offshore oil, gas and petroleum assets. The government of Madagascar has allotted many oil blocks to exploit these resources. As yet there remains an opportunity for exploration and exploitation of undiscovered resources.

Madagascar has some of the richest uranium deposits in the world. Madagascar’s proximity to major markets including India, China, the Gulf and Europe makes it an ideal export point for Uranium ore.

Madagascar has more than 60 metal and mineral reserves including gold, diamonds, uranium, manganese, chromium, nickel, bauxite, ilmenite, zircon, rutile, graphite, mica and cobalt. The country has also identified deposits of quartz, copper, lead, labradorite, rock-crystal, hodolite, marble, iron ore and coal.

Opportunity also exists for mining services companies to provide for commercial explosives, blasting systems and ground support in mining and tunnelling. The sector offers opportunity for the provision of equipment for the operation, maintenance and support of open cut and underground mining.