Madagascar lifts mining permit ban, Liberia signs new minerals deal

Madagascar lifts mining permit ban, Liberia signs new minerals deal

Madagascar ended a 16-year ban on new mining permits while steelmaker ArcelorMittal extended a minerals deal with Liberia, as competition for Africa’s natural resources intensifies.The lifting of the moratorium in Madagascar applies to most minerals other than gold. The world’s second-largest island nation, where the military seized power last year, has long relied on its exports of nickel, cobalt, graphite, and ilmenite, critical minerals used …

Madagascar ends suspension on mining permits

MADAGASCAR has ended a 16-year suspension on issuing mining permits for most minerals, though gold licences remain frozen due to regulatory inadequacies, according to a report by Reuters. The moratorium, imposed in 2010 to enable comprehensive review of the country’s mining governance framework, has left approximately 1,650 permit applications pending with authorities as of 2023, said Reuters citing a report published last year by the Extractive…

Madagascar Allows Mining For Key Minerals Including Cobalt, Graphite

India could benefit from Madagascar's decision to lift the 16 year old ban on mining The post Madagascar Allows Mining For Key Minerals Including Cobalt, Graphite appeared first on StratNews Global.