🇲🇬 Madagascar — Mining Intelligence Dashboard

Significant Mining • Tier 2 • Africa • Capital: Antananarivo • Currency: MGA

ELEVATED RISK — Risk score 62/100. Standard due diligence with enhanced monitoring recommended.
34
Active Mines
4
Refineries/Smelters
22
Companies Tracked
62
Risk Score
8
PEP Connections
0
Sanctions Hits
3
Shell Entities
2
ICIJ Records
Top Minerals
Nickel-Cobalt Ilmenite Graphite
Jurisdiction Profile
ExchangeN/A
Key RegulatorOMNIS
TIP TierT2
FATF StatusNot Listed
CPI Score26/100
EITI Member✓ Member
Expropriation RiskMedium

Risk Analysis — Madagascar

Comprehensive risk assessment across governance, operational, and compliance dimensions

62
Overall Risk
58
Geopolitical
26
CPI (higher=better)
Key Risks
Severe corruption (CPI 26/100)

Mining Companies — Madagascar

22 entities tracked across mining, refining, and processing operations

Company Intelligence Matrix
CompanyTickerSectorRisk ScoreSanctionsPEPsEnv. FlagsHR Flags
No major mining companies tracked in this jurisdiction

Minerals & Mines — Madagascar

34 active mining operations • 4 refineries/smelters

Primary Minerals
Nickel-Cobalt Ilmenite Graphite
Mining Operations
Active Mines34
Refineries/Smelters4
Tailings Facilities11
High-Risk Tailings3
Water & Land
Water Conflicts1
Indigenous Disputes0

Executives & PEPs — Madagascar

66 executives tracked • 8 PEP connections identified

66
Executives Tracked
8
PEP Connections
24
Negative News
1
Arrests/Charges
PEP Intelligence

PEP analysis covers current and former government officials, state enterprise directors, and their associates with connections to the Madagascar mining sector. 8 connections identified across 22 tracked entities.

Sanctions & Watchlists — Madagascar

Real-time screening against OFAC SDN, EU Consolidated, UN Security Council, UK HMT, and Madagascar-specific lists

0
Sanctions Hits
4
Watchlist Alerts
Screening Status
OFAC SDNClear
EU ConsolidatedClear
UN Security CouncilClear
FATF StatusNot Listed
TIP ReportT2

Shell Companies & ICIJ — Madagascar

Offshore entities, beneficial ownership opacity, and ICIJ leak database cross-references

3
Shell Entities
2
ICIJ Records
ICIJ Cross-Reference

2 records found across Panama Papers, Paradise Papers, Pandora Papers, and Offshore Leaks databases linked to Madagascar mining sector entities.

Beneficial Ownership — Madagascar

Ultimate Beneficial Owner analysis for mining sector entities

Ownership Analysis
Entities Analyzed88
Hidden UBOs Identified4
Nominee Directors6
State-Linked Entities2

Human Rights — Madagascar

Forced labour, child labour, community displacement, and worker rights assessment

Human Rights Issues
Artisanal mining exploitation risk
Trafficking & Labour
TIP Report TierT2
Trafficking Indicators0
Indigenous Disputes0

Environmental Issues — Madagascar

Environmental violations, tailings facilities, water conflicts, and ecosystem impact

11
Tailings Facilities
3
High-Risk Tailings
1
Water Conflicts
Environmental Risks
Mining waste management concerns

Mine Safety — Madagascar

Safety incidents, fatalities, and regulatory compliance

Safety Overview
Active Mines34
Safety Incidents (est.)0
Tailings Facilities11

Cyber & Threat Intelligence — Madagascar

Cyber threats, dark web monitoring, and blockchain forensics

1
Active Threats
0
Dark Web Mentions

Geopolitical Risk — Madagascar

Political stability, expropriation risk, and conflict assessment

58
Geopolitical Risk
Risk Profile
Expropriation RiskMedium
CPI Score26/100
FATF StatusNot Listed
EITI✓ Member

Supply Chain Intelligence — Madagascar

Conflict minerals, supply chain due diligence, and sourcing analysis

Mineral Supply Profile
Nickel-Cobalt Ilmenite Graphite
Active Mines34
Refineries/Smelters4
Companies in Supply Chain22

Export Controls — Madagascar

Critical mineral export regulations, trade restrictions, and bilateral agreements

Regulatory Framework
JurisdictionMadagascar
Key RegulatorOMNIS
ExchangeN/A
FATF StatusNot Listed

Regulatory & Filings — Madagascar

Regulatory compliance, filing requirements, and enforcement actions

Regulatory Overview
Key ExchangeN/A
Mining RegulatorOMNIS
Fines/Penalties0
Active Investigations0
EITI Member✓ Member

Data Sources — Madagascar

Intelligence feeds, API integrations, and data provenance

Active Data Sources
OFAC SDN List● Live (6hr refresh)
EU Consolidated List● Live (12hr)
UN SC Sanctions● Live (24hr)
FATF Lists● Live (Weekly)
Transparency International CPI● Annual
US State Dept TIP Report● Annual
ICIJ Offshore Leaks DB● Quarterly
USGS Mineral Commodity● Annual
World Mining Data (BMNT)● Annual
EITI Reports● Active
Adverse Media Screening● Live (40K+ sources)
Global Witness Reports● Periodic
Platform Information

MINERVA Global Mining & Mineral Intelligence Platform v3.2.1 • Generated 2025-02-09 • © Paradigm Intelligence Ltd. • Data sources: USGS, World Mining Data (BMNT Vienna), Fraser Institute, Transparency International CPI 2024, EITI, World Bank, US State Dept TIP Report, FATF, ICIJ, Global Witness, Amnesty International, Human Rights Watch, ILO, OECD Due Diligence Guidance, UN Comtrade, Chatham House.

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