Enhancing corporate social responsibility

The Corporate Social Responsibility (CSR) of QMM SA will now be funded with an annual budget of 4 million USD.

This announcement was made following an in-depth meeting on the corporate social program, attended by several government members or their delegates, along with representatives from the administration. Notable attendees included the Minister of Mines, Fisheries, and the Blue Economy, the Minister of Environment and Sustainable Development, and the Governor of the Anôsy region.

This meeting was part of a new agreement signed on August 22, 2023, which set the terms of the partnership between Rio Tinto and the Malagasy government for the next 25 years. During this occasion, QMM outlined its Corporate Social Responsibility program and the associated budget. The Minister of Mines discussed the history of ilmenite mining in Taolagnaro, highlighting the recent contract revision to address social and environmental challenges.

He noted that discussions led by the President of the Republic in this context resulted in increasing QMM’s budget for priority CSR projects to 4 million USD per year. Moreover, according to the new 2023 Mining Code, implementing a CSR approach is now mandatory. QMM is committed to significantly increasing its annual contribution to corporate social responsibility. This initiative aligns with the goals of the Anôsy region and the General State Policy.