On February 2, 2026, Malagasy authorities announced the end of the moratorium on mining permits that had been in place for about 15 years, excluding gold mining. This development marks a significant shift in the country’s mining policy, with Akora Resources being the first to express interest in obtaining a permit for iron ore exploitation. The government hopes this move will stimulate investments, as the extractive sector currently accounts for half of Madagascar's foreign revenue. However, challenges remain concerning the realization of these projects.

Jean-Jacques Yung, a mining consultant with experience in Madagascar, views this decision as a positive signal, encouraging both local and foreign investors to proceed without delay due to the impending elections. Several major projects are poised for potential development, hinting at a revitalization of the mining industry in Madagascar, which has faced significant stagnation due to the moratorium.

The lifting of the moratorium could lead to increased foreign investment and infrastructure development in Madagascar's mining sector. This change is critical for Madagascar, as it seeks to boost its economy through diversifying its revenue sources. However, the government will need to address various challenges such as regulatory frameworks, environmental concerns, and community relations to ensure successful implementation of mining projects in the future.