Madagascar to pass new mining code by start of 2016

By Liz Gyekye
Published: Monday, 23 November 2015

The African island nation, which has reserves of graphite, gypsum and ilmenite, is expected to pass its revised mining law in the next few months. It is the latest African country to reform its mining legislation in an effort to create an attractive environment for foreign direct investment.

Madagascar expects to pass its new mining code by the beginning of 2016 in order to attract foreign investment and boost the African country’s mining sector, according to the country’s president.

Speaking at the Trade and Investment Forum UK-Madagascar conference in London last week, President Hery Rajaonarimampianina, said the government...

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