Natural resources include graphite, chrome, coal, bauxite, ilmenite, nickel, gold, oil, tar sands and uranium. Currently, about 4% of government revenue is generated by the oil, gas and mining sector. However, the USGS has stated that Madagascar’s mineral industry is likely to grow significantly from 2010-2012 and some oil exploration is underway in both offshore and onshore oil blocks.
Sources: US State, USGS
EITI status: Candidate country (suspended)
Visit Madagascar’s EITI page here
On Tuesday 27 September, 27 civil society organisations launched a Publish What You Pay coalition in Madagascar. The coordinating organisation will be Transparency International Madagascar and the coalition will shortly set out a governance structure. You can view the declaration here (en français) . On 15 September, a workshop had taken place to increase Publish What You Pay Members’ engagement with the national EITI implementation process. PWYP members criticized the government for being slow in publishing the payments it has received from companies. Madagascar was originally accepted as EITI candidate in February 2008. The EITI International Board agreed to grant Madagascar a further extension until 30 September 2011 to complete validation.