Extraction Of Sapphires, Madagascar

Economy
Madagascar's sources of growth are tourism, textile and light manufacturing exports (notably through the EPZs), agricultural products, and mining. Madagascar is the world's leading producer of vanilla and accounts for about half the world's export market. Tourism targets the niche eco-tourism market, capitalizing on Madagascar's unique biodiversity, unspoiled natural habitats, national parks and lemur species. Exports from the EPZs, located around Antananarivo and Antsirabe, comprise the majority of garment manufacture, targeting the US market under AGOA and the European markets under the Everything But Arms (EBA) agreement. Agricultural exports consist of low-volume high-value products like vanilla, lychees and essential oils. A small but growing part of the economy is based on mining of ilmenite, with investments emerging in recent years, particularly near Tulear and Fort Dauphin.
• Natural resources
Madagascar's natural resources include a variety of unprocessed agricultural and mineral resources. Key agricultural resources include vanilla, lychees and shrimp. Key mineral resources include various types of precious and semi-precious stones, ilmenite and petrol. Several major projects are underway in the mining and oil and gas sectors that, if successful, will give a significant boost to the Malagasy economy. In the mining sector, these include the development of coal at Sakoa and nickel near Tamatave. In oil, Madagascar Oil is developing the massive onshore heavy oil field at Tsimiroro and ultra heavy oil field at Bemolanga. Mining corporation Rio Tinto Group began operations near Fort Dauphin in 2008, following several years of infrastructure preparation. The mining project is highly controversial, with Friends of the Earth and other environmental organizations filing reports to detail their concerns about effects on the local environment and communities.