| About this document | 5 |
| Contents | 7 |
| 1. Executive Summary | 10 |
| 2. Project Context | 15 |
| 3. Project Summary | 19 |
| 4. How the Ambatovy Project is Applying the BBOP Principles | 23 |
| 5. Current Status of the Project and Offset | 28 |
| 6. Business Case for a Biodiversity Offset | 30 |
| 7. The Offset Design Process | 32 |
| 7.1 Guidance and methodologies used | 32 |
| 7.2 Roles and responsibility | 32 |
| 7.3 The offset design process | 33 |
| 7.3.1 Step 1: Review project scope and activities | 33 |
| 7.3.2 Step 2: Review the legal framework and / or policy context for a biodiversity offset | 33 |
| 7.3.3 Step 3: Initiate a stakeholder participation process | 33 |
| 7.3.4 Step 4: Determine the need for an offset based on residual adverse effects | 33 |
| 7.3.5 Step 5: Choose methods to calculate loss / gain and quantify residual losses | 39 |
| 7.3.6 Step 6: Review potential offset locations and activities and assess the biodiversity gains which could be achieved at each | 50 |
| 7.3.7 Step 7: Calculate offset gains and select appropriate offset locations and activities | 55 |
| 7.3.8 Step 8: Record the offset design and enter the offset implementation process | 55 |
| 8. Implementation Plan and Long-term Management | 57 |
| 9. Summary of Offset Process Costs | 58 |
| 10. Project Outcomes | 60 |
| 11. Lessons Learned | 62 |
| 12. Next Steps | 64 |
| 13. References | 66 |
| Appendix 1: Key Biodiversity Components Matrix (KBCM) and Habitat Hectares Score, December 2008 Iteration | 68 |
| Appendix 2: Key Biodiversity Components Matrix (KBCM) and Habitat Hectares Score, February 2008Iteration | 86-87 |
| Appendix 3: Key Biodiversity Components Matrix (KBCM) and Habitat Hectares Score, April 2008 Iteration | 90 |
| Appendix 4: Mine Footprint Status Sheet, 2nd Iteration | 97 |
| Appendix 5: Vulnerability Index | 101 |
| Appendix 6: Survey for Off-site Azonal Outcrops | 104 |
| Appendix 7: Comparison of Ambatovy / Analamay and Ankerana Azonal Habitats | 128-129 |