Economy : Madagascar, world's second largest exporter of graphite

According to the Extractive Industries Transparency Initiative report (GO), Madagascar is ranked second world exporter of graphite. The Big Island has 8% world reserves of this mineral resource.

Economy : Madagascar, world's second largest exporter of graphite

madagascar product, Since 1907, exceptional quality graphite. En 1925, Madagascar was even the world's leading exporter. The country is currently positioned as the second country after China..

The report of theGO reveals that the world's natural graphite resources represent 800 million tons. Madagascar has reserves and resources of 26 million tons. Mozambique has 25 million, Tanzania has it 18 million tons. The country thus has 8% world reserves and 2% of world production.

Graphite is found almost everywhere in new technologies and in particular in the production of electric cars. It is therefore not surprising to see foreign mining companies active on the big island to move to the production phase..

The main producers of graphite in Madagascar :

– Welsh Establishments with 10 000 t/year in 2 mines (Antsirakambo and Marovintsy) located on the east coast, in the Toamisina region.

– Bass Metals that started, en 2018, the exploitation of the Graphmada mine, with a production of 1 962 t containing 93 % of graphite and an expected production of 6 000 t/year which can be increased to 20 000 t/a and 2020.

– Tirupati Graphite, indian company, developing two projects, Vatomina and Sahamamy 70 km from the port of Toamasina. En 2019, production is 3 000 t/year and could reach 81 000 t/an fin 2022. The resources listed are 4,6 million t of ore containing 4,2 % graphite.

– The Canadian company NextSource, develops in the south of the island, the Molo project with a production capacity for 2021 from 17 000 t/year up to 45 000 t/a and 2022. Proven and probable reserves are 22,44 million t containing 7,02 % graphite.

Madagascar and its mineral wealth

Besides natural graphite, the Big Island also has nickel reserves, the cobalt, chrome, rare earth, tantalum, titanium. On the 2 billion tons of world reserves of ilmenite and rutile, the two main titanium minerals, 740 million tons are identified and Madagascar. Resources are therefore not unlimited., but they are great...

The mining sector contributes to the development of Madagascar. Currently, it represents 6% of GDP and estimated at 14% from here 2025 According to a study by the World Bank.

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