AGP Executive Report
Last update: 11 hours agoCritical Minerals Finance: Harena Rare Earths signed a Project Development Funding Agreement with the US International Development Finance Corporation for its Ampasindava ionic clay rare earths project in Madagascar, with DFC committing up to US$4.84m toward permitting, environmental and social studies, and a proof-of-concept pilot plant to speed the path to a definitive feasibility study and construction decision. Graphite Project Milestone: Evion Group secured mining permits for its Maniry graphite project in southern Madagascar, converting remaining exploration licences into mining tenure and giving the regulatory certainty needed for financing, offtake talks, a final investment decision and development; the company says Maniry is the first critical minerals project to receive permits under Madagascar’s new mining code. Regional Energy Context: A separate report highlights how African clean-energy growth is diverging—Nigeria’s solar boom is driven by households and businesses bypassing a weak national grid, while utility-scale pipelines remain limited—an angle that matters for Madagascar’s power and industrial reliability debates. Industry Governance & Trade Links: PACCI elected Tanzania’s Vincent Minja as East Africa vice president, with Madagascar included in the 14-country region focus on intra-African trade and investment—relevant for cross-border sourcing and logistics planning.
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