Madagascar revives Vara Mada mining project as key investment awaits approval

Madagascar revives Vara Mada mining project as key investment awaits approval

Madagascar’s largest mining venture – dormant for more than two decades – is gaining momentum once again. Formerly known as “Base Toliara” and rebranded “Vara Mada” in December 2025, the project aims to extract strategic minerals including ilmenite, zircon and monazite.

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