Madagascar reopens its mines: public-relations gambit or strategic shift?

Mining represented 43.8% of national exports and 4.5% of GDP in 2022. With growth above 4% in 2024, momentum appeared to be building. The lifting of the moratorium is thus presented as a catalyst. According to the Bureau du Cadastre Minier de Madagascar (BCMM), at least ten companies stand ready to develop large-scale projects, and permits could begin to be issued within three months.