Mining in Madagascar
Where the mines and projects are, what they produce, the power and corridors they need, and the processing gap.
Mining and utilities added US$769m to Madagascar's economy in 2024
Value added by mining and utilities, the industries in the national accounts closest to mining, US$, at the prices of each year and at constant 2020 prices (which show real growth)
Madagascar has SADC's 10th largest mining and utilities sector
Value added by mining and utilities, US$, latest year, with its share of each economy
Mineral rents: Madagascar against SADC
Mineral rents, % of GDP, latest year for each country. Click a bar for that country's mining page.
Madagascar's trade in mining goods since 2012
Exports and imports of the products in this pillar's subsectors, each product counted once, US$
Subsectors
11 in this pillarCopper and cobalt in Madagascar
- Tracks
- Mines and projects in the Congolese and Zambian copper belts, output, smelters and refineries, export routes, power demand, export rules.
Select a figure for its trend. Source: CEPII BACI, dotzedw deals tracker.
Trade in detail
Madagascar exported US$88m and imported US$56k of copper and cobalt in 2024; exports down 35% on five years earlier, 0.2% of what SADC sells abroad.
Madagascar's main exports in this subsector, 2024
Madagascar's trade in copper and cobalt every year since 2012, by partner is part of the Individual plan
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What Madagascar sells abroad across mining
Madagascar's exports by subsector, 2024, US$, with its share of SADC's exports. A product can count in two subsectors.
Who is moving
Open in the deals tracker4 deals in the last 12 months involving Madagascar, placed in subsectors by what they say.
- 2026-10-06 · Madagascar · Private equity · Announced · Not yet placedGemcorp joins Madagascar to raise $5 billion for energy, mining
- 2026-05-04 · Madagascar · M&A · Announced · Battery and critical mineralsJapan’s Sumitomo to Divest Stake in Madagascar Nickel Project
- 2026-05-03 · Madagascar · M&A · Announced · Not yet placedZungu–Kluk Consortium Moves To Acquire Majority Stake In Madagascar’s Ambatovy Mine
- 2026-02-18 · Madagascar · Capital markets · Announced · Exploration and licensingHarena raises £2m for development of Madagascar project