7
2012 - AMBATOVY SUSTAINABILITY REPORT
•
Sherritt International Corporation (operator, publicly
traded, TSX:S) 40% ownership
•
Sumitomo Corporation (publicly traded, TSE: 8053)
27.5% ownership
•
Korea Resources Corporation, (KORES, state-run
enterprise) 27.5% ownership
•
SNC-Lavalin Inc., (SLI, Engineering, Procurement
and Construction Manager contractor, publicly
traded, TSX: SNC) 5% ownership
The Executive Committee is comprised of eight individual voting members who are responsible for overseeing the
direction and execution of Ambatovy’s activities. The Committee meets at least quarterly or more frequently, as
circumstances require, to provide appropriate governance of the Company. The Committee’s focus is on sustainable
value creation for all stakeholders.
In addition to the Executive Committee, there are currently five sub-committees whose members are also employees
of each of our partners. These committees are:
•
Audit
•
Environment, Health and Safety and Community
•
Finance
•
Marketing
•
Technical
Ambatovy strives to establish and maintain a firm foundation for long-term sustainability in Madagascar by
focusing its efforts in four areas: health and safety, environmental stewardship, economic development, and social
responsibility. Fundamental to all is an emphasis on good governance.
Governance
Ambatovy is comprised of two companies: Ambatovy Minerals, S.A. (AMSA) and Dynatec Madagascar, S.A. (DMSA),
which, together, are responsible for day-to-day operations. AMSA operates the mine site and pipeline. DMSA
manages the plant site and all activities related to it. Both AMSA and DMSA are subject to the laws of Madagascar.
Each has a board of directors. In practice, AMSA and DMSA act in parallel and under the purview of Ambatovy’s
Executive Committee, which consists of members from each of the four partner companies:
■
40%
■
27.5%
■
27.5%
■
5%
Our approach to sustainability
