Akora Resources (ASX:AKO) has announced the Madagascar government has approved the processing of all pending mining permits and licenses for its work programs at the Bekisopa, Satrokala, and Tratramarina iron ore tenements. 

The exploration company says the decision highlights Madagascar's commitment to global standards and increased transparency in the mining sector.

Akora Resources says it's pleased with the positive action and will work alongside the Malagasy Mining Ministry and the BCMM (Mining Cadastre Office of Madagascar) to ensure their tenements are processed.

Its share price is up 15% at midday AEST.