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22 companies voluntarily provided information on legal owners.

In some cases, physical persons are listed as owners, but the report does not confirm whether these are beneficial or legal owners.

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The local communities’ anger was often directed towards the mining companies.

After the publication of the EITI Reports, people began to realise that the management of their resources is a shared responsibility between companies, the central and local governments.

During exploration, the fiscal regime is that of common law, stipulated by the General Tax Code.

Madagascar’s 2014 EITI Report confirms that there is no public register of beneficial ownership in the country and that the Ministry of Commerce only collects information about shareholders.When people saw how much companies paid to the central government in taxes and royalties in 2010 for example, they began to ask questions about how this money is used and who is benefiting from it. At KAYAK we don’t set the prices, so it’s not possible for us to guarantee what other companies are selling.The mining code dates from 1999 and a new code is being elaborated.This code encompasses nearly all of the mining companies in Madagascar.The QMM ilmenite project (a joint venture between Rio Tinto and the Government of Madagascar) is governed by the “Convention d’Établissement” and mining companies whose investment is more than 50 billion MGA (USD 16 million) are subject to the “Loi sur les Grands Investissements Miniers”.

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