Domestic
Mining Sector - National Mining Office Overhauls Strategy
Omnis is revising its approach in the extractive sector. Sixteen projects are planned to strengthen oversight of mining and petroleum activities in Madagascar. The National Office of Mines and Strategic Industries (Omnis) is reshaping the rules of the game in the mining sector. Better regulating the exploitation of mineral and petroleum resources to ensure greater benefits for Madagascar. This is the ambition outlined through the Strategic Refoundation Plan 2026-2030 of Omnis, presented yesterday in Besarety. Developed over three months, this plan includes sixteen projects designed to adapt the Office to new sector challenges. "What has been done so far and has already shown results will be preserved. But we must also make changes based on global and Madagascar's realities," explains Brigadier General Tsilavonjato Honoré Andriantaolo, Omnis director general. This refoundation comes as the mining sector enters a new phase with the resumption of permit applications, after their suspension since 2010. This opening must be accompanied by new guarantees so that national resources benefit the country more. "Anyone wishing to conduct mining activities must make a contribution, particularly through social investments and participation in community development. The State must also be present at different stages, from exploration to exploitation and processing," states Carl Andriamparany, Minister of Mines. Subject being monitored. Beyond mining activities, Omnis also wants to strengthen its role in the hydrocarbon sector. "Madagascar has over 500 terrestrial and offshore petroleum blocks," according to the Office. A new framework, including notably a production-sharing model, should better define relations between the State and operating companies. The heavy oil issue is among the subjects being monitored in this new dynamic. "Omnis seeks to protect the interests of the Malagasy people. Since May, we have been negotiating with the company exploiting this resource. It is a challenge, as the 2004 agreement has still not reached its conclusion," indicates the director general. Discussions are currently continuing confidentially between the parties involved. Through this strategic plan, Omnis therefore seeks to find "a balance between the arrival of new investments and better valorization of national resources for Madagascar's benefit."
Source: L'Express de Madagascar