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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]
The Molo mine is one of the largest graphite mines in Madagascar. [1] The mine is located in Atsimo-Andrefana, near the town of Fotadrevo. [1] The deposit was discovered in 2011, following explorations of the nearby Green Giant mine. [2] The mine has reserves amounting to 120 million tonnes of ore grading 8% graphite metal. [1]
The rest of equity in the mine is held by the Korean State-owned Korea Mine Rehabilitation and Mineral Resources Corporation (KOMIR). [1] [5] Until 2020, when production was suspended due to the COVID-19 pandemic in Madagascar, the mine was producing 4,000 tonnes of refined cobalt and almost 40,000 tonnes of refined nickel every year.
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.
Mandena mine (also Mandena operation, Mandena concession, or the QMM mine) is an ilmenite mine operated by Rio Tinto subsidiary QIT Madagascar Minerals (QMM). It is located near Taolagnaro, Fort Dauphin, Anosy region, Madagascar. The mine was first discovered in 1986 in an environmentally fragile and important region.
The Port d'Ehoala is a port in southern Madagascar at approx. 10 km from the city of Tôlanaro (Fort-Dauphin). It was built for the exportations of Ilmenite from the nearby mine of QIT Madagascar Minerals and opened on July 8, 2009.
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