Madagascar to pass new mining code by start of 2016
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...