Madagascar

Madagascar discloses revenues from natural resources in pilot reconciliation report

March 9th 2010 - 4:25PM ... Anders Tunold Kråkenes

Madagascar has moved ahead with the EITI process and on Tuesday 9 March published a first reconciliation report. It has done this despite the political crisis that began in January 2009. This report can be seen as  a pilot for a full EITI report to be produced next year.

Through the report, significant revenue flows are for the first time in Madagascar’s history being received by Government. The report shows that the revenue from the two biggest operations – Rio Tinto QMM and Ambatovy – amounted to US$70 million for 2007-09. 

File: 
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Madagascar First Reconciliation.pdf

Madagascar

March 9th 2010 - 4:38PM ... Dyveke Rogan
Candidate country
Madagascar's EITI website

Overview of Extractive Industries

At present oil, gas and mining resources account for less than 4% of GDP.  However, all that is set to change.  The minerals sector is seeing a heavy inward flow of capital investment for ilmenite, nickel/cobalt, chromite, chrome iron ore, uranium.  Also a large number of oil exploration blocks have been offered - both onshore and offshore - and some exploration activity is under way.

Progress in Madagascar has stalled following the political instability since the beginning of 2009.  An agreement on the structure of an interim government and planned new elections was agreed in early August 2009. 

Status of EITI Implementation

Madgascar was accepted as an EITI Candidate country on 22 February 2008.

Madgascar has until 9 March 2010 to undertake Validation. Madagascar has requested an extension to their Validation deadline which will be considered by the International EITI Board when it meets 15-16 April.

A completed, costed and targeted workplan was agreed in December 2007, but progress on it has stalled since January 2009.

Governance of EITI Implementation

Madagascar is currently modifying its governance structure and awaiting political developments. However, the chairperson and focal point is as below:

Madagascar EITI Chairperson and National Coordinator 

Harifidy Janset A. Ramilison
Office of the Presidency - Madagascar
E-Mail: r [dot] harifidy [at] moov [dot] mg

Companies operating*

Oil & gas companies: BG Group*, ExxonMobil*, Shell*, Tullow Oil, TOTAL*, Roc Oil.

Mining companies: Rio Tinto*, Exxaro Resources Ltd
* EITI Supporting Company

* Note: Company list based on EITI research and is not conclusive


For further information, please contact (Eddie Rich) in the EITI International Secretariat.