Creating National Prosperity
In In addition to its initial $5.5 billion investment, Ambatovy anticipates that it will generate tens of millions
of dollars in annual revenue for the Government of Madagascar over the life of the Project. The exact
amount of revenue is difficult to forecast, due to the fluctuating market price of nickel and cobalt, the
variable cost of input commodities (such as coal, limestone, and sulphur), inflation, and other factors.
Ambatovy has already contributed more than $250 million to government revenue and to community
investment initiatives.
3
Taxes, royalties, duties, and other fees: once fully operational, Ambatovy expects to pay well over
a billion dollars in royalties, taxes, and other direct payments to the Government of Madagascar.
This revenue will help foster local and regional development.
3
Direct investment: Ambatovy is making direct investments in impacted communities through social
and environmental initiatives. More than $181 million has also been invested in lasting public
infrastructure such as roads, bridges, and upgrades to the Port of Tomasina.
3
Investment: Ambatovy makes social investments in the areas of health, education, minor
infrastructure, small-business development, and agriculture.
3
Gross Domestic Product contribution: Ambatovy expects to provide tens of millions of dollars a
year in direct payments to the government. In addition, job creation, spinoffs for local business,
and investments in infrastructure, training, education, small-business development, and healthcare
will all result in a positive and significant contribution to the country’s GDP – going well beyond the
direct payments to the government.
3
Job creation: more than 18,000 jobs were created during the peak of Construction. Approximately
15,000 direct, indirect, and induced jobs will also be created during Operations.
3
Small, medium, and micro enterprises: more than 500 local companies have been awarded
purchase orders across 54 sectors (as of December 2010).
3
Cumulative in-country expenditures: over $1 billion (as of December 2010).
3
Other benefits: in addition to the large-scale capital investment, job creation, and business
stimulus created by Ambatovy, Madagascar will benefit from foreign-exchange earnings,
contributions to economic growth rates, external trade, and the manufacturing industry’s
gross output.
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AMBATOVY – SUPPORTING GROWTH AND DEVELOPMENT
