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\u2013 The Mining Business Center, a mining hub\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
![\"Ilakaka-01\"](\"https:\/\/madagascar.yearbook-media.com\/wp-content\/uploads\/elementor\/thumbs\/Ilakaka-01-e1719567119285-rpf58ooru4ocosoo8ssebbza2fv60p6z7bhagnor2i.jpg\" "\\"Ilakaka-01\\"")
\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\tThe Madagascar Mining Cadastre Office (BCMM) aims to\u00a0<\/span>of the Mining Business Center (MBC) a stock exchange for mines.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t \t\t Founded in 2000, the BCMM is a public industrial and commercial institution, present throughout the country through 12 provincial and regional offices. Its mission is to manage mining permits in Madagascar and to promote the Malagasy mining sector nationally and internationally. In 2017, the realization of the MBC project saw the emergence of a new hub for the sector. It is both the gateway to mining investments in Madagascar and a platform for exchanges with national and foreign investors.<\/p>\n The BCMM intends to continue to clean up mining activity. The MBC also ensures better traceability of precious stones and limits the trafficking of sapphires and rubies extracted from open-pit mines.<\/p>\n In summary, the expected results are as follows: <\/p>\n <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t \t\t The challenges of the Malagasy mining sector<\/b><\/p>\n The mining sector represents:\u00a0 <\/p>\n <\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
\u2013 Increase the number of new mining investors operating in Madagascar
<\/span>\u2013 Improve the flow of Foreign Direct Investment (FDI) through various new mining projects
<\/span>\u2013 Accelerate and improve administrative procedures (quality of service)
<\/span>\u2013 To be the showcase for \u201cDoing business\u201d and good business practices in Madagascar
<\/span>\u2013 Establish better synergy between the actions of all institutional players in the sector
<\/span>\u2013 Eradicate underground and informal economies
<\/span>\u2013 Encourage local processing of mining products, with a view to increasing added value
<\/span>\u2013 Improve the economic contribution of the sector to the development of the country through various mining projects
<\/span>\u2013 Host international trade fairs and conferences in the mining sector<\/span><\/p>\n
\u2013 27,59% of export revenue in 2018\u00a0
<\/span>\u2013 14% of tax revenue or 60% of foreign exchange revenue and 30% of tax revenue
<\/span>\u2013 1st source of FDI, i.e. 227 million dollars in 2019
<\/span>\u2013 4.18% contribution to GDP in 2020\u00a0
<\/span>Two types of exploitation coexist:
<\/span>\u2013 Artisanal and small-scale mining: 500,000 full-time jobs and up to 1 million\u00a0<\/span>seasonal workers
<\/span>\u2013 Large-scale mining companies: Ambatovy with initial investments of USD 8 billion, <\/span>RioTinto QMM with $1.1 billion
<\/span>Several initiatives in place to improve the sector:
<\/span>\u2013 Madagascar is the first African country to have implemented the mining cadastre system with the creation\u00a0<\/span>from the Mining Cadastre Office of Madagascar in 2009
<\/span>\u2013 A business center drawn from the sector of nearly 7,000 m\u00b2 was inaugurated in 2017\u00a0
<\/span>\u2013 Madagascar adhering to the Extractive Industries Transparency Initiative (EITI) process <\/span>with a 3rd validation set for December 9, 2021<\/span><\/p>\n