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2012 - AMBATOVY SUSTAINABILITY REPORT
With construction complete and production of fully refined nickel and cobalt underway, Ambatovy is poised to
become Madagascar’s leading industrial partner as well as one of the country’s most significant employers, exporters,
and taxpayers. Since construction began in 2007, Ambatovy has contributed significantly to Madagascar’s develop-
ment, delivering a wide range of economic benefits through local employment, training opportunities and spin-off
business for local companies, in addition to taxes and other related payments. Our performance over the year 2012 is
highlighted below.
Payments to Government
In 2012, Ambatovy paid $21.7 million to the Government of Madagascar, in taxes, fees and other related
payments.
Ambatovy has been a strong supporter of the Extractive Industries Transparency Initiative (EITI) in Madagascar and
an active member of a multi-stakeholder group comprised of representatives from the government, private sector and
civil society that promote the EITI process. Even though Madagascar was suspended from the EITI in 2011, Ambatovy
remains a committed member of this group to promote transparency with respect to taxes and other revenues derived
from the extractive sector. For example, Ambatovy participated in the 2011 Reconciliation Report that was released in
2013.
“We expect that all the economic benefits generated by the company,
beyond direct financial benefits such as taxes, fees and charges,
will contribute significantly to the economic growth of Madagascar.”
Mark Plamondon, President
Local Employment
At the end of 2012, 81% of our employees were Malagasy personnel, who will take-on increasing responsibility as
Ambatovy matures. During the year, 82% of the 426 vacant positions that were filled through external recruitment
were filled by residents of the Alaotra Mangoro and Atsinanana regions, with the remaining 20% by residents from
elsewhere in Madagascar. In an effort to reinforce transparency around the recruitment process, Ambatovy established a
Joint Recruitment Committee with the regional government in the Alaotra Mangoro Region (where the mine is located)
in 2012. Additional meetings took place with the Atsinanana Region (where the plant is located) to discuss a similar
arrangement.
Economic performance
