Summary
Conformity Table of EA with the Equator Principles (Continued)
Main Components of the Equator Principles
Section of EA
Take into account IFC safeguard policies
Volume A, Section 5; as appropriate throughout
EA sections, Volumes B to F
Prepare and Environmental Management Plan, which draws on
conclusions of the EA
Volume H, Appendix 6; Sections 7, Volumes B to
F.
Consult, in a structured and culturally appropriate way, with project
affected groups, including indigenous peoples and local NGOs.
Volume A, Section 6
The EA, or summary thereof, has been made available for a
reasonable minimum period in local language and in a culturally
appropriate manner
EA in French, with French and Malagasy
summary; final EA review being led by Malagasy
government after submission
EA will take account of consultations and be subject to expert
review
Results of post submission review to be
processed and provided to proponent by
Malagasy government. Malagasy government
contracting independent expert review.
Proponent has covenanted to comply with EMP in construction
and operation of the project
Yes, so written in EA
Proponent has covenanted to provide regular reports, prepared by
in-house staff or third party experts, on compliance with the EMP
Yes, so written in EA
Proponent has covenanted to, where applicable, decommission
facilities in accordance with an agreed Decommissioning Plan
Reclamation and closure sections, Volumes B
to F; Volume H, Appendix 7
As necessary, lenders have appointed an independent
environmental expert to provide additional monitoring and
reporting services
To be determined once lenders confirmed
Where a borrower is not in compliance with social or
environmental covenants, such that any debt financing would be in
default, the bank (s) would engage in its efforts to seek solutions
to bring it back into compliance with its covenance
Agreed by the project
These above principles apply to projects with a total capital cost of
$US50 million or more
Such as the Ambatovy Project
January 2006
Ambatovy Project — A-11
