Madagascar’s mining industry, primarily-scale, operates in remote regions wealthy in Mineral Resources deposits, including precious and semi-precious stones, industrial minerals, and energy resources, notably, Gold, Precious Stones, Copper, Iron, and Manganese. The mining industry, which includes artisanal and small-scale mining (ASM) and larger-scale operations. In spite of its potential, Madagascar’ ‘s mining industry faced neglect from the government until the mid-2000s and struggles after the 2009 political coup. However, mining significantly contributes to the economy, accounting for 4.6% of DGP AND 28% of exports as of 2018.
Madagascar, located off Africa’s southeastern coast, has a rich mining history dating back to the 15th century. the key mining areas today include the Ampoasary River Valley for alluvial Gold deposits and regions rich in Copper, Iron, and Manganese. The sector faced historical challenges, though it remains crucial and major contributor to the national economy with progressive explorations and production.
These are the key Mineral Resources mined in Madagascar:
- Gold.
- Diamonds.
- Iron.
- Copper.
- Manganese.
For additional information, read this article about the Mining Industry of Madagascar.
