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The EITI believes this because of the significant portion of illegal exports of gold. Looking into the future, the Plan d'action Madagascar 2007-2012 predicts that the mining proportion of the GDP will increase to 30% as Madagascar shifts from a mainly artisanal and small-scale based mining industry to a large-scale public-private industry. [12]
Madagascar is an island country in the Indian Ocean, off the coast of Southeast Africa. Madagascar belongs to the group of least developed countries , according to the United Nations. [ 1 ] Ecotourism and agriculture, paired with greater investments in education, health, and private enterprise, are key elements of Madagascar's development strategy.
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The Bay of Toliara houses one of Madagascar's oil exploration sites. The sea floor is rich in minerals gemstones (about 200 km to the north lies the Ilakaka sapphire deposit has operated since 1999) and ground salt. More recently, Canadian companies begin operation of the ilmenite in the region of Tolanaro.
Following the discovery of a new locality for rose beryl in Madagascar in 1910, George Kunz proposed the name morganite at a meeting of the New York Academy of Sciences on 5 December 1910 to honour his friend and customer J.P. Morgan [6] [7] for his financial support for the arts and sciences, and his important gifts of gems to the American Museum of Natural History in New York and to the ...
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