Madagascar

Gold production in Madagascar is highly varied, with about 150 000 artisanal miners extracting between 3 and 4 tons of Gold per year. Madagascar is estimated at producing as much as 70 tons of Gold in total, from ten gold producing regions. Most of Madagascar’s gold deposits are Precambrian in age and are typically exothermal lode type deposits. Gold smuggling is a major problem. Several Canadian junior companies are actively exploring for gold in Madagascar, mainly in the northern parts, in particular the Betsiaka Goldfield. Madagascar is noted for its production of good quality chemical and metallurgical grade chromite, high-grade crystalline flake graphite, mica and semi-precious stones. The country has the world’s largest reserves of sapphires and is also the world’s tenth largest producer of chromite. However, the island has other deposits containing gold, nickel, cobalt, heavy mineral sands, and bauxite, coal and petroleum products.

Madagascar has identified deposits of bauxite, uranium, quartz, copper, lead, labradorite, rock-crystal, hodolite and marble. There are also known deposits containing 400 Million tons of iron ore, and resources of coal at Sakoa in the southeast of the island where the total resource is probably in excess of 500 Mt

ZAMARAT MINING has performed extensive reconnaissance missions and geological studies in Republic of Madagascar, and has been offered several exploration and production permits for Gold, Diamonds, and related precious related minerals in the South and South-West regions of the Republic of Madagascar.

ZAMARAT MINING has established a local subsidiary, Zamarat Mining Madagascar SARL in Antananarivo and is about to select its portfolio of mining assets to develop and valorize in the Country.