1. MINING LEGEND TO REALITY

2. SUMMARY some of the advantages of investing in Madagascar
report on developments since last year
recent developments on some of the major projects currently underway
requests regarding the provision of services in Madagascar.

3. ACHIEVEMENTS Enactment of a new world-class mining code
Adoption of a very attractive legal and tax regime for large-scale mining
A new mining cadastre has been established to underpin the administration of this progressive legislation
A highly improved geological, geophysical and geochemical infrastructure

4. ACHIEVEMENTS
A special Committee has been set up to facilitate the process of large scale investment in Madagascar
The Economic Development Board of Madagascar is functional at present
The mining sector consumes 95.4% of the volume of the FDI in 2007
Become member of EITI (Extractive Industries Transparency Initiative)

5. The mining sector : a business opportunity in Madagascar
VISION
Madagascar will become a prosperous nation with a high growth economy.
COMMITMENT
The private sector is central to the achievement of this vision. The President of the Republic of Madagascar is committed to providing strong support to the rapid and broad development of the private sector.

6. Ministry of Energy and Mines
PRIORITY PROJECTS AND ACTIVITIES
The plan provides an advantageous investment environment and a favourable platform for export and repatriation of profits
The plan actively seeks new investment opportunities
Facilitates the passage from exploration to exploitation

7. Completion of the mapping programme will be achieved in International Final Symposium scheduled on July 2008 in Antananarivo

8. The number of permits and licenses
has grown significantly over the past year

10. REQUESTS The search for new types of deposits in the future
The joint-venture (B to B) between the foreign investors and the existing companies who have already mining licenses in Madagascar
Improve the provision of services to support future exploration and development in the country

11. Thank you for your attention !