2013 Sustainability Report - Ambatovy
Economic Development
Contributing – directly and indirectly – to Madagascar’s economy
Ambatovy is a significant taxpayer and employer in Madagascar and invests in infrastructure that can be shared with local
communities. Since construction began in 2007, Ambatovy has contributed to Madagascar’s development, delivering a wide
range of economic benefits through local employment, training opportunities and spin-off businesses for local companies, in
addition to taxes and other related payments.
Operational Performance
Ambatovy’s operational success contributes to national economic growth and society at large. We had another strong year
in 2013 with the continued ramp up of our facilities, producing 25,148 tonnes of nickel and 2,083 tonnes of cobalt. In January
2014, we met the requirements for commercial production
2
, representing an important milestone along the path towards
reaching full production capacity.
Government Payments
In 2013, Ambatovy paid $27 million in taxes, fees and other related payments to the Government of Madagascar.
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 government, private sector and civil society, that
promotes the EITI process. Ambatovy also participates in the annual national reconciliation reports that are available to the
public.
Madagascar became an EITI candidate country in 2008 and to date has submitted reports to the EITI Board. In 2011, the
EITI Board suspended Madagascar’s candidacy until the country returns to democratic rule. Following recent internationally
recognized democratic elections in the country, the EITI Board lifted the suspension of Madagascar’s EITI candidacy.
Local Employment
Ambatovy is creating direct
and indirect jobs, providing
a major stimulus to the local
economy. At the end of 2013,
84% of our employees were
Malagasy personnel, many of
whom will take on increasing
responsibility as Ambatovy
matures. In 2013, 68% of
the 376 vacant positions that
were filled through external
recruitment were filled by
residents of Alaotra Mangoro
and Atsinanana regions,
with the remaining 32% by
residents from elsewhere in
Madagascar.
2
Commercial production is defined as 70% of ore throughput of nameplate capacity in the pressure acid leach circuit, averaged over a 30-day period.
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