The recent change in Government seems to be a good thing for MCIO. We will see.
Madagascar Political Climate
The president and government of Madagascar have recently changed. While the process by coup d'état (coup) introduced some geopolitical tension, the new administration appears to maintain a pro-business and pro-mining position.
The current government is reviewing major mining projects and is in the process of appointing a new Minister of Energy and Mines. MineCore's plan has always been to employ local workers and further support local infrastructure in developing elements such as roads, bridges, schools and medical facilities. MineCore has two Memorandums of Understanding with the Government of Madagascar for bridge and highway improvements between the port of Toliar and Ilalaka. These improvements would service MineCore's sapphire-bearing concessions.
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