Embracing Transparency
Commitment to Transparency
Ambatovy is committed to being transparent in everything it does and therefore discloses far more than
is required by law. This policy makes it possible for stakeholders to have greater access to information,
which, in turn, helps Ambatovy’s constituencies better understand its many activities and challenges.
Extractives Industries Transparency Initiative – Disclosure of Payments
In 2008, Ambatovy joined forces with the Government of Madagascar in its effort to become a
compliant country in the Extractive Industries Transparency Initiative (EITI). EITI encourages companies,
governments, and civil society groups to work toward the transparent disclosure of payments made by
extractive industries to governments. EITI compliance also requires that governments disclose receipt of
all such payments. Madagascar registered to become an EITI country in 2008. Ambatovy fully supports
this initiative and takes part in collaborative meetings and transparency awareness campaigns together
with the government, other mining companies, and civil society.
Government Relations
In addition to meeting all of the legal requirements for disclosure set by Malagasy authorities – such as the
Ministry of Mines and Hydrocarbons and the National Environment Office – Ambatovy works closely with
government counterparts at the local, regional, and national levels.
Coordination and information-sharing activities include:
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Regional and national official committees – such as the Regional Coordination Committee of
Atsinanana (Toamasina) – which regularly meet with Ambatovy representatives to discuss and
address issues and opportunities.
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Regular monitoring visits to the Mine and Plant Site by government officials.
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In-depth meetings with local, regional, and national authorities to explain and discuss the effects of
Ambatovy’s activities as well as its social and economic contributions to Madagascar.
Public Communication
Ambatovy’s Communication Department has developed a series of tools to inform a wide range of
audiences about Ambatovy’s activities. These tools include ongoing interactions with rural and urban print
and broadcast media, a website, brick-and-mortar information centers near operations, Mine and Plant
Site visits for stakeholders, internal and external newsletters, brochures, flyers, posters, a sustainability
report, highly visual presentations targeted at children and non-literate stakeholders, a series of topic-
specific videos as well as road show presentations, Q & A sessions in isolated communities, town halls,
and small group and individual meetings among other initiatives.
Material Disclosure
Any material disclosure is handled by Ambatovy’s partners – Sherritt International Corporation and
SNC-Lavalin Incorporated of Canada, Sumitomo Corporation of Japan and Korea Resources Corporation
of Korea – according to the financial regulations and laws of their respective countries.
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AMBATOVY – SUPPORTING GROWTH AND DEVELOPMENT
