2010
          
        
        
          AMBATOVY SUSTAINABILITY REPORT
        
        
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            Report PROFILE
          
        
        
          This is the first sustainability report for the Ambatovy
        
        
          Project (hereinafter “Ambatovy” or “the Project”). We have
        
        
          endeavoured to apply Global Reporting Initiative (GRI) G3
        
        
          indicators and guidelines as much as possible. Since the
        
        
          Project was still in the construction phase in 2010, not all
        
        
          indicator data were readily available or applicable. In future
        
        
          reports, we will endeavour to increase our consistency with
        
        
          the GRI Reporting Framework. This report gives performance
        
        
          data for the year 2010, though some of the data are
        
        
          aggregates of the entire construction phase. When applicable,
        
        
          we have noted the period covered. It should also be noted
        
        
          that no major changes took place during the reporting period
        
        
          in terms of Project size (represented by estimated production
        
        
          capacity), governance structure or ownership.
        
        
          For questions regarding this report, please contact the
        
        
          Communications Department:
        
        
        
          .
        
        
          
            Report Scope and Boundary
          
        
        
          
            Defining Report Content
          
        
        
          In view of Ambatovy’s commitment to the International
        
        
          Finance Corporation’s (IFC) Performance Standards and
        
        
          the IFC’s alignment with the GRI, we have chosen to be
        
        
          consistent with the GRI’s Reporting Framework. Topics in this
        
        
          report are prioritized based on a combination of Ambatovy’s
        
        
          specific sustainability initiatives and the GRI categorization
        
        
          scheme. Where possible, we integrated the Mining and
        
        
          Metals Sector Supplement
        
        
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          indicators.
        
        
          We intend this report to be used as a reference for a variety
        
        
          of stakeholders, including employees, partner companies,
        
        
          financial institutions, non-governmental organizations (NGOs),
        
        
          the broader business community and the public. The
        
        
          stakeholder identification process is outlined in section B3.3.
        
        
          
            Report Boundary
          
        
        
          This report covers the Ambatovy Project and the departments
        
        
          and initiatives directly under its control. As a private entity
        
        
          that has only one operation, there are no other groups,
        
        
          subsidiaries, leased facilities, joint ventures, suppliers or other
        
        
          entities that fall under Ambatovy’s jurisdiction or influence.
        
        
          The report has drawn the majority of data from the Operations
        
        
          Group, which will be responsible for running Ambatovy once
        
        
          in the operations phase. When possible, we have included
        
        
          Project-wide data that includes indicator information from the
        
        
          Engineering, Procurement and Construction Manager (EPCM).
        
        
          
            Limitations
          
        
        
          In the period under review, Ambatovy was in the construction
        
        
          phase and had not yet begun mining and refining operations.
        
        
          Construction has involved a wide range of suppliers,
        
        
          contractors and other stakeholders. It has been challenging to
        
        
          collect timely data that are complete in scope. Furthermore,
        
        
          we want to preserve the comparability of data for future
        
        
          reports, in which case construction-era information may be
        
        
          irrelevant. We have clarified in the text, when necessary,
        
        
          the scope of data application. One goal of this initial report
        
        
          is to lay the groundwork for data collection and annual
        
        
          sustainability reporting through the operational phase.
        
        
          
            Data Measurement Techniques
          
        
        
          Each Ambatovy department uses its own data collection and
        
        
          measurement techniques geared to its particular objectives
        
        
          and requirements. For example, the rigorous population
        
        
          measurement techniques used in the Environmental and
        
        
          Social Impact Assessment and the Biodiversity Management
        
        
          Plan reflect best practices in those fields. The Finance
        
        
          Department, on the other hand, uses different tools to report
        
        
          on expenditures for the Project’s wide range of contracts,
        
        
          procurement, supply chain orders and taxes. It is beyond
        
        
          the scope of this report to describe in detail all of the data
        
        
          measurement techniques, but Ambatovy would be pleased to
        
        
          respond to any requests for more information in this area.
        
        
          
            GRI Content Index
          
        
        
          See Annex 4 for the GRI indicator reference table. For further
        
        
          information on the definitions, protocols or anything about the
        
        
          GRI system visit
        
        
        
          where the complete
        
        
          G3 Framework and the Mining and Metals Sector Supplement
        
        
          are available.
        
        
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          For more information see:
        
        
        
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          A2. Report Parameters