Environmental Assessment
Volume A-4
Introduction
Development and Timing
4
DEVELOPMENT AND TIMING
The initial data review of Phelps Dodge information was completed in
October 2003. This review concluded that the project was viable and outlined
the activities required, which included a feasibility study (SNC Lavalin 2004)
and an Environmental Assessment (EA). The scope of work for the feasibility
study included:
•
resource estimation;
•
testwork;
•
study engineering;
•
environmental assessment;
•
mine plan; and
•
marketing.
With each of the above activities, numerous support programs were undertaken,
often proceeding in parallel with the main activities.
As part of the feasibility study, the proponent established a team to establish the
relationships/groundwork for the project to proceed into implementation. The
activities include:
•
accounting support;
•
environmental impact assessment review;
•
community relations;
•
Madagascar office;
•
management support; and
•
corporate support.
In March 2004, BNP Paribas was retained as a financial advisor to the project.
Upon completion of the feasibility study in February 2005, ongoing activities
included completion of the EA and a further update of the feasibility study. In
addition, project development work and interim engineering are proceeding, in
order to avoid time loss on an aggressive schedule which targets production
beginning in late 2009.
Ambatovy Project
9
January 2006
