2013 Sustainability Report - Ambatovy
Our Organization
Targeting sustainable value creation for all stakeholders
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, and DMSA manages the plant
site and all the activities related to it. Both AMSA and DMSA are subject to the laws of Madagascar, and each has a board of
directors. In practice, AMSA and DMSA act in parallel 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%
•
Sherritt International Corporation (operator,
publicly traded, TSX:S) 40% ownership
•
Sumitomo Corporation (publicly traded,
TSE: 8053) 27.5% ownership
•
Korea Resources Corporation, (KORES,
government-owned corporation) 27.5% ownership
•
SNC-Lavalin Inc., (SLI, Engineering,
Procurement and Construction Management
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 as circumstances require, providing appropriate
governance of the Company.
In addition to the Executive Committee, there are currently five sub-committees (listed below) whose members are also
employees of each of our partners.
• Audit
• Environment, Health & Safety, Security and Community
• Finance
• Marketing
• Technical
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