Tracking Development - Rio Tinto - Qit Madagascar Minerals
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 />
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