Ambatovy is a large-tonnage, long-life nickel and cobalt mining enterprise located in Madagascar. At a total project cost of US$8 billion1, Ambatovy is the largest-ever foreign investment in the country – and one of the biggest in sub-Saharan Africa and the Indian Ocean region. It ranks among the largest lateritic nickel mining entities in the world.
Ambatovy aims to be a leader in operational efficiency, health and safety, environmental management, and social engagement – while contributing to the long-term prosperity of Madagascar.
Production and Operations
Ambatovy is now in its Operations phase ramp-up. In March 2015, the company completed the 90/90 production test: achieving 90% capacity for a 90-day period. In September 2015, the company acquired Financial Completion. Once fully operational, Ambatovy will produce 60,000 tonnes of refined nickel, 5,600 tonnes of refined cobalt, and 210,000 tonnes of ammonium sulphate fertilizer annually for at least 29 years. This will place nickel as Madagascar’s top export, providing a significant stimulus to the national economy.
Operations begin at the Mine Site, where lateritic ore is extracted in slurry form and then transported by Pipeline to the Plant Site on Madagascar’s east coast, where it undergoes processing and complete refining. Click here to view key sites and related infrastructure.
Ambatovy is a partnership of three companies – Sherritt International Corporation from Canada, Sumitomo Corporation from Japan, and Korea Resources Corporation from Korea. All partners are fully committed to transparent, sustainable, and responsible business practices.
Supporting National Growth
Ambatovy is already a major contributor to Madagascar’s national prosperity and a source of revenue for its people and government. During its lifetime, Ambatovy will generate important economic and social benefits through the payment of taxes and royalties, investment in infrastructure, job creation, local business development, and technology transfer as well as training, education, and health-related programs.
Caring for the Environment
As a responsible mining enterprise, Ambatovy is committed to upholding stringent environmental standards including the Equator Principles and the World Bank Group’s International Finance Corporation Performance Standards. To meet and surpass these requirements and commitments, Ambatovy has developed a comprehensive approach to environmental management, which will ensure compliance, reduce residual impacts, and mitigate risks. Simultaneously, Ambatovy is implementing a world-class ’ biodiversity offsets program.Source