Overhauls its mining legislation
27 Jul 2023
Madagascar's Mining Code, enacted on July 27, 2023, introduces key provisions relevant to investment. These include, among others:
- Strengthening the governance in the mining sector, ensuring equitable distribution of mining benefits.
- Acknowledging the critical role of strategic minerals in national development and security.
- Establishing clearer regulations to attract and safeguard investments, with a focus on both local and foreign stakeholders.
- Introducing clear guidelines for acquiring, renewing, and managing mining rights.
- Establishing a fair and transparent system for mining rights-related operations.
- Promoting responsible mining by aligning mining rights with environmental and social criteria.
- Introducing investment incentives in mining research to discover and develop new mining areas.
- Establishing a Mining Investment Fund financed by the mining sector for social and community development.
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Type:
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Treatment and operation (Other sector specific regulation)
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Promotion and facilitation (Investment facilitation , Investment incentives)
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Industry:
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Primary (Mining and quarrying)
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Sources:
