A common criticism of the affirmative action system is that it made a small number of political insiders extremely wealthy through shareholding deals, especially in its early years.
A spokesperson for Anglo American said the re-rating was expected to continue and the company had already increased from trading around 4.5 times forward EV/EBITDA in the middle of the year to between 5.5 and 6 times now.
Any natural person of Malagasy nationality and any legal entity under Malagasy law, may acquire and hold mining permits, approvals and authorizations. Legal entities must have at least one representative resident in Madagascar.
The term ‘conflict minerals’ typically refers to four specific metals: tin, tantalum, tungsten, and gold, known collectively as 3TG. These minerals are essential components in various industries, including electronics, automotive, and construction.