Madagascar
Base Toliara company speeds up revision of mining investment legislation

Madagascar
Japan's Sumitomo appoints new CFO for Ambatovy

Japanese nickel and cobalt mining and industrial complex Ambatovy has appointed a new CFO, Kentaro Kanayama.

Madagascar
Base Toliara seeks tax benefits and stability guarantees

Work on the $770m project will begin in 2026, but in the meantime the mining company is seeking special status under the Law on Large Mining Investments, which it considers more favourable to investors.

Madagascar
The drivers behind Base Toliara mine project revival

Andry Rajoelina suspended the ilmenite megaproject in 2019 under pressure from local communities, but this time it enjoys solid local support.

Madagascar
World Bank postpones $100m budget support

With Andry Rajoelina's government failing to meet the requisite conditions, the World Bank, like the IMF, has postponed its budget support until the first quarter of 2025.

Madagascar
Madagascar in trouble with Tokyo over Ambatovy mining debt

The mining company controlled by Japan's Sumitomo is struggling to recover VAT, the amount of which is the subject of debate between the Japanese embassy and the Malagasy authorities.

Madagascar
Last-minute talks before mining code revisions come into force

Since the amendments were adopted last June, industry players have been waiting for a crucial implementation decree to be issued. Ministries and local authorities have yet to agree on how mining taxes will be distributed.

The New Guard
Madagascar, Angola, Uganda

Every Wednesday, Africa Intelligence spotlights a new generation of movers and shakers in business and politics.

MadagascarMax Andonirina Fontaine is new environment minister

AngolaEva Rosa Santos to speak for Angolan women entrepreneurs at UN

UgandaDuncan Abigaba, Museveni's faithful communicator

Madagascar
Rio Tinto and Antananarivo finally seal the deal on QMM tax treaty renewal

The Anglo-Australian mining group Rio Tinto has just secured the renewal of its tax agreement for a 25-year period, in exchange for paying more significant tax contributions to the Madagascan state.

Madagascar
Rio Tinto poised to sign off on new QMM deal

The amended operating convention of Rio Tinto subsidiary QMM has been approved by the Madagascan authorities. Following renewed social unrest at the Fort-Dauphin site in recent weeks, they are hoping it will now get a favourable reception from Rio's mineral sands division in Canada.