Madagascar Lifts Mining Ban, Excluding Gold, to Attract Investors. Antananarivo, Madagascar — 2026-01-30 Lead Paragraph Madagascar has announced the lifting of a 16-year ban on new mining permits for most minerals, excluding gold, in a strategic move to attract foreign investment and bolster its position in Africa’s minerals market. Body.
In a decision approved by the Council of Ministers on January 27, 2023, Madagascar has resumed the issuance of mining permits for minerals such as nickel, cobalt, and graphite, which are in high demand globally.
The suspension of gold permits remains in place due to ongoing regulatory challenges, according to Reuters. This move follows the adoption of a revised mining code in 2023, aimed at enhancing transparency and oversight within the mining sector.
The government has emphasized the importance of responsibly managing natural resources and ensuring that the benefits of mining are shared equitably with the local communities.
The mining sector was a significant contributor to Madagascar’s economy before the 2010 suspension, and the government hopes that the resumption of mining activities will stimulate economic growth and reduce poverty. Implications and Reactions.
Yahoo Finance highlights the potential for new investment, noting that the lifting of the ban could open up opportunities for mining companies looking to expand into new markets.
Africa Business Insight provides context on the political transition that led to the initial suspension, emphasizing the government’s efforts to improve oversight and transparency. Discovery Alert mentions the resumption of mining permits without providing a detailed analysis of the implications or the reasons behind the exclusion of gold.
Ecofin Agency confirms the government’s authorization of mining permit issuance, signaling a significant shift in policy.
What Happens Next.
The government is expected to provide further details on the specific minerals and areas that will be opened to mining activities.
It remains unclear how the regulatory challenges with gold mining will be addressed and whether this will impact the timeline for lifting the suspension on gold permits. Source Madagascar lifts 16-year ban on new mining permits, excludes gold — according to Reuters.
Further details are expected.
Source: Africa.
*Additional reporting by ImNews | Sources consulted: 5*
