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Tracking Development - Rio Tinto - Qit Madagascar Minerals

Tracking Development - Rio Tinto - Qit Madagascar Minerals

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The Production Phase<br />

The exploration Phase<br />

Regional Planning<br />

“The aim has been to develop a project that will meet high environmental and social<br />

standards and to maintain the same high standards throughout the life of the project 8 .”<br />

Background of the project<br />

1950’s:<br />

1986:<br />

1990-1992:<br />

1998:<br />

2001:<br />

2003-2005:<br />

2005:<br />

The existence of mineralised sand deposits in south-eastern <strong>Madagascar</strong> is confirmed.<br />

Geological prospecting is initiated by <strong>Rio</strong> <strong>Tinto</strong>, focusing on Mandena, Sainte Luce and Petriky zones.<br />

Independent baseline social and environmental studies are commissioned.<br />

The Framework Agreement, ratified and enacted by the National Assembly of <strong>Madagascar</strong>, establishes<br />

the legal and fiscal framework of the project and defines the rights and obligations of the<br />

government and QMM, specifically regarding the Social and Environmental Impact Assessment (SEIA).<br />

The SEIA is submitted to the Government of <strong>Madagascar</strong>. Six months later, the environmental permit<br />

is granted to QMM.<br />

Feasibility reports are carried out to determine whether the context fosters a compatible<br />

investment climate.<br />

The decision to invest US$585 million in the construction of the mine, port and roads, with an<br />

expected lifespan of 50 years, is made by <strong>Rio</strong> <strong>Tinto</strong>.<br />

18

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