2010
AMBATOVY SUSTAINABILITY REPORT
6
B1. Organizational Profile
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By the end of 2010, the investment cost was US$4.8 billion. As of June 2011, the Project partners released updated financial and scheduling information, which brought the
investment costs to US$5.5 billion, excluding finance charges, working capital and foreign exchange. See
for more information.
Ambatovy at a Glance
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Project lifespan:
Approximately 30 years (expected mine reserve life of 29 years).
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Annual design capacity:
60,000 tonnes of refined nickel, 5,600 tonnes of refined cobalt and 210,000 tonnes of
ammonium sulphate.
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Number of employees:
There were more than 18,000 direct jobs created during the construction phase. Approximately
6,000 jobs are expected for operations (2,500 employees and 3,500 operations contractors). Our goal is that 85% of this
workforce will be Malagasy nationals.
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Expected total job creation during operations:
Approximately 15,000 direct, indirect and induced jobs, supporting
65,000 to 75,000 family members.
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Net sales:
Since the Project has not yet begun operations, there are no net sales for this reporting period.
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Capital investment costs:
Current forecast is US$5.5 billion.
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Breakdown by country:
The entire Ambatovy Project is within the country of Madagascar.
Mine
Plant
Pipeline
Tailings
Port of Toamasina
Conservation Area
Ankerana
Mine Conservation Zone
Torotorofotsy
Resettlement Villages
Vohitrambato
Marovato
Indian Ocean
Ankerana
f
To Antananarivo
Moramanga
Toamasina
N
Madagascar
0
20 KM
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The Ambatovy Project is a large-scale nickel and cobalt mining enterprise in Madagascar, comprised primarily of a lateritic
mine near Moramanga, a processing facility in Toamasina and a 220 km pipeline that transports slurried ore from the
mine to the plant site. The Project’s main outputs are nickel briquettes and cobalt briquettes, which are shipped directly to
customers. Operations are expected to begin in 2012.
Map 1: Project Sites in Madagascar
