Ambatovy Joint-Venture

Ambatovy Joint-Venture is rated 3 out of 5 in the category mining & metals. Read and write reviews about Ambatovy Joint-Venture. Ambatovy Joint-Venture is a nickel and cobalt mining and processing operation located in Madagascar. We are the largest investment in the country’s history, and are positioned to become the world’s biggest lateritic nickel mine. Ambatovy Joint-Venture is operated by Sherritt International Corp. (TSX: S) www.sherritt.com OUR VISION: To be recognized as the world’s most successful nickel laterite operation. OPERATIONS & PRODUCTS: We are designed to produce 60,000t of refined nickel and 5,600t of refined cobalt annually. Nickel is currently Madagascar’s top export. Ambatovy accounts for 32% of Madagascar’s foreign earnings (2015). SUSTAINABILITY: Operating in a biodiversity hotspot, Ambatovy Joint-Venture has invested heavily both in the social contribution and environmental protection. We are committed to complying with the strictest environmental standards, including the IFC Performance Standards and the Equator Principles. Ambatovy Joint-Venture emphasizes strategic investments in education, agriculture, and health programs designed to improve the lives of those affected by our operations. To maximize the economic benefits for our communities and country, we adhere to a buy locally, hire locally policy. QUICK FACTS: - Partners: Sherritt International Corp (12%), our operator Sumitomo Corp (47.7%) Korea Resources Corp (KORES) - Locations: Mine in Moramanga (100 km east of Antananarivo) connected by a 220 km Pipeline to the Processing Plant in Toamasina (east coast of Madagascar). - Mine lifespan : 29 years - Products: Nickel Cobalt Ammonium sulphate (bi-product) - Workforce: around 3,000 direct and 5,000 contractor employees. We are Madagascar’s largest private employer. To learn more about us, please visit www.ambatovy.com or find us on Facebook (Ambatovy Joint-Venture) or Twitter (@AmbatovyJV).