{"id":14236,"date":"2019-02-19T09:13:54","date_gmt":"2019-02-19T09:13:54","guid":{"rendered":"http:\/\/dev.ambatovy.com\/fra\/?page_id=14236"},"modified":"2023-06-09T13:58:57","modified_gmt":"2023-06-09T13:58:57","slug":"history","status":"publish","type":"page","link":"https:\/\/ambatovy.com\/en\/who-we-are\/history\/","title":{"rendered":"History of the Project"},"content":{"rendered":"<p><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container fusion-parallax-none hundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"background-color: rgba(255,255,255,0);background-image: url(&quot;https:\/\/ambatovy.com\/ang\/wp-content\/uploads\/2019\/09\/4Q4B6415.jpg&quot;);background-position: left bottom;background-repeat: no-repeat;border-width: 0px 0px 0px 0px;border-color:#e2e2e2;border-style:solid;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start\" style=\"width:104% !important;max-width:104% !important;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_6 1_6 fusion-flex-column\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><\/div><style type=\"text\/css\">.fusion-body .fusion-builder-column-0{width:16.666666666667% !important;margin-top : 0px;margin-bottom : 20px;}.fusion-builder-column-0 > .fusion-column-wrapper {padding-top : 0px !important;padding-right : 0px !important;margin-right : 11.52%;padding-bottom : 0px !important;padding-left : 0px !important;margin-left : 11.52%;}@media only screen and (max-width:1024px) {.fusion-body .fusion-builder-column-0{width:16.666666666667% !important;}.fusion-builder-column-0 > .fusion-column-wrapper {margin-right : 11.52%;margin-left : 11.52%;}}@media only screen and (max-width:640px) {.fusion-body .fusion-builder-column-0{width:100% !important;}.fusion-builder-column-0 > .fusion-column-wrapper {margin-right : 1.92%;margin-left : 1.92%;}}<\/style><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-1 fusion_builder_column_2_3 2_3 fusion-flex-column\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><div class=\"fusion-separator\" style=\"align-self: center;margin-left: auto;margin-right: auto;margin-top:15px;margin-bottom:70px;width:100%;max-width:90px;\"><div class=\"fusion-separator-border sep-single sep-solid\" style=\"border-color:rgba(255,255,255,0);border-top-width:2px;\"><\/div><\/div><div class=\"fusion-separator\" style=\"align-self: center;margin-left: auto;margin-right: auto;margin-top:15px;margin-bottom:70px;width:100%;max-width:90px;\"><div class=\"fusion-separator-border sep-single sep-solid\" style=\"border-color:rgba(255,255,255,0);border-top-width:2px;\"><\/div><\/div><div class=\"fusion-separator\" style=\"align-self: center;margin-left: auto;margin-right: auto;margin-top:15px;margin-bottom:70px;width:100%;max-width:90px;\"><div class=\"fusion-separator-border sep-single sep-solid\" style=\"border-color:rgba(255,255,255,0);border-top-width:2px;\"><\/div><\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-builder-column-1{width:66.666666666667% !important;margin-top : 0px;margin-bottom : 20px;}.fusion-builder-column-1 > .fusion-column-wrapper {padding-top : 0px !important;padding-right : 0px !important;margin-right : 2.88%;padding-bottom : 0px !important;padding-left : 0px !important;margin-left : 2.88%;}@media only screen and (max-width:1024px) {.fusion-body .fusion-builder-column-1{width:66.666666666667% !important;}.fusion-builder-column-1 > .fusion-column-wrapper {margin-right : 2.88%;margin-left : 2.88%;}}@media only screen and (max-width:640px) {.fusion-body .fusion-builder-column-1{width:100% !important;}.fusion-builder-column-1 > .fusion-column-wrapper {margin-right : 1.92%;margin-left : 1.92%;}}<\/style><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-2 fusion_builder_column_1_6 1_6 fusion-flex-column\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><\/div><style type=\"text\/css\">.fusion-body .fusion-builder-column-2{width:16.666666666667% !important;margin-top : 0px;margin-bottom : 20px;}.fusion-builder-column-2 > .fusion-column-wrapper {padding-top : 0px !important;padding-right : 0px !important;margin-right : 11.52%;padding-bottom : 0px !important;padding-left : 0px !important;margin-left : 11.52%;}@media only screen and (max-width:1024px) {.fusion-body .fusion-builder-column-2{width:16.666666666667% !important;}.fusion-builder-column-2 > .fusion-column-wrapper {margin-right : 11.52%;margin-left : 11.52%;}}@media only screen and (max-width:640px) {.fusion-body .fusion-builder-column-2{width:100% !important;}.fusion-builder-column-2 > .fusion-column-wrapper {margin-right : 1.92%;margin-left : 1.92%;}}<\/style><\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-flex-container.fusion-builder-row-1{ padding-top : 0px;margin-top : 0px;padding-right : 0px;padding-bottom : 0px;margin-bottom : 0px;padding-left : 0px;}<\/style><\/div><div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-2 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"background-color: rgba(255,255,255,0);background-position: center center;background-repeat: no-repeat;border-width: 0px 0px 0px 0px;border-color:#e2e2e2;border-style:solid;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start\" style=\"max-width:1248px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-3 fusion_builder_column_1_1 1_1 fusion-flex-column fusion-flex-align-self-center\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><style type=\"text\/css\">@media only screen and (max-width:1024px) {.fusion-title.fusion-title-1{margin-top:40px!important; margin-right:0px!important;margin-bottom:40px!important;margin-left:0px!important;}}@media only screen and (max-width:640px) {.fusion-title.fusion-title-1{margin-top:10px!important; margin-right:0px!important;margin-bottom:10px!important; margin-left:0px!important;}}<\/style><div class=\"fusion-title title fusion-title-1 fusion-sep-none fusion-title-center fusion-title-text fusion-title-size-four\" style=\"margin-top:40px;margin-right:0px;margin-bottom:40px;margin-left:0px;\"><h4 class=\"title-heading-center fusion-responsive-typography-calculated\" style=\"margin:0;--fontSize:24;line-height:1.2;\"><p class=\"custom-h4\" data-fontsize=\"24\" data-lineheight=\"36\">History of the project<\/p><\/h4><\/div><div class=\"fusion-separator\" style=\"align-self: center;margin-left: auto;margin-right: auto;margin-bottom:70px;width:100%;max-width:90px;\"><div class=\"fusion-separator-border sep-single sep-solid\" style=\"border-color:#ff173d;border-top-width:2px;\"><\/div><\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-builder-column-3{width:100% !important;margin-top : 0px;margin-bottom : 20px;}.fusion-builder-column-3 > .fusion-column-wrapper {padding-top : 0px !important;padding-right : 0px !important;margin-right : 1.92%;padding-bottom : 0px !important;padding-left : 0px !important;margin-left : 1.92%;}@media only screen and (max-width:1024px) {.fusion-body .fusion-builder-column-3{width:100% !important;order : 0;}.fusion-builder-column-3 > .fusion-column-wrapper {margin-right : 1.92%;margin-left : 1.92%;}}@media only screen and (max-width:640px) {.fusion-body .fusion-builder-column-3{width:100% !important;order : 0;}.fusion-builder-column-3 > .fusion-column-wrapper {margin-right : 1.92%;margin-left : 1.92%;}}<\/style><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-4 fusion_builder_column_1_5 1_5 fusion-flex-column\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><\/div><style type=\"text\/css\">.fusion-body .fusion-builder-column-4{width:20% !important;margin-top : 0px;margin-bottom : 20px;}.fusion-builder-column-4 > .fusion-column-wrapper {padding-top : 0px !important;padding-right : 0px !important;margin-right : 9.6%;padding-bottom : 0px !important;padding-left : 0px !important;margin-left : 9.6%;}@media only screen and (max-width:1024px) {.fusion-body .fusion-builder-column-4{width:20% !important;order : 0;}.fusion-builder-column-4 > .fusion-column-wrapper {margin-right : 9.6%;margin-left : 9.6%;}}@media only screen and (max-width:640px) {.fusion-body .fusion-builder-column-4{width:100% !important;order : 0;}.fusion-builder-column-4 > .fusion-column-wrapper {margin-right : 1.92%;margin-left : 1.92%;}}<\/style><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-5 fusion_builder_column_2_3 2_3 fusion-flex-column\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><div class=\"fusion-content-boxes content-boxes columns row fusion-columns-1 fusion-columns-total-21 fusion-content-boxes-1 content-boxes-icon-with-title content-left\" data-animationOffset=\"top-into-view\" style=\"margin-top:;margin-bottom:;\"><style type=\"text\/css\">.fusion-content-boxes-1 .heading .content-box-heading {color:#212934;}\n\t\t\t\t\t.fusion-content-boxes-1 .fusion-content-box-hover .link-area-link-icon-hover .heading .content-box-heading,\n\t\t\t\t\t.fusion-content-boxes-1 .fusion-content-box-hover .link-area-link-icon-hover .heading .heading-link .content-box-heading,\n\t\t\t\t\t.fusion-content-boxes-1 .fusion-content-box-hover .link-area-box-hover .heading .content-box-heading,\n\t\t\t\t\t.fusion-content-boxes-1 .fusion-content-box-hover .link-area-box-hover .heading .heading-link .content-box-heading,\n\t\t\t\t\t.fusion-content-boxes-1 .fusion-content-box-hover .link-area-link-icon-hover.link-area-box .fusion-read-more,\n\t\t\t\t\t.fusion-content-boxes-1 .fusion-content-box-hover .link-area-link-icon-hover.link-area-box .fusion-read-more::after,\n\t\t\t\t\t.fusion-content-boxes-1 .fusion-content-box-hover .link-area-link-icon-hover.link-area-box .fusion-read-more::before,\n\t\t\t\t\t.fusion-content-boxes-1 .fusion-content-box-hover .fusion-read-more:hover:after,\n\t\t\t\t\t.fusion-content-boxes-1 .fusion-content-box-hover .fusion-read-more:hover:before,\n\t\t\t\t\t.fusion-content-boxes-1 .fusion-content-box-hover .fusion-read-more:hover,\n\t\t\t\t\t.fusion-content-boxes-1 .fusion-content-box-hover .link-area-box-hover.link-area-box .fusion-read-more,\n\t\t\t\t\t.fusion-content-boxes-1 .fusion-content-box-hover .link-area-box-hover.link-area-box .fusion-read-more::after,\n\t\t\t\t\t.fusion-content-boxes-1 .fusion-content-box-hover .link-area-box-hover.link-area-box .fusion-read-more::before,\n\t\t\t\t\t.fusion-content-boxes-1 .fusion-content-box-hover .link-area-link-icon-hover .icon .circle-no,\n\t\t\t\t\t.fusion-content-boxes-1 .heading .heading-link:hover .content-box-heading {\n\t\t\t\t\t\tcolor: rgba(0,123,76,0.69);\n\t\t\t\t\t}\n\t\t\t\t\t.fusion-content-boxes-1 .fusion-content-box-hover .link-area-box-hover .icon .circle-no {\n\t\t\t\t\t\tcolor: rgba(0,123,76,0.69) !important;\n\t\t\t\t\t}.fusion-content-boxes-1 .fusion-content-box-hover .link-area-box.link-area-box-hover .fusion-content-box-button {background: rgba(224,224,224,0.84);color: #007b4c;}.fusion-content-boxes-1 .fusion-content-box-hover .link-area-box.link-area-box-hover .fusion-content-box-button .fusion-button-text {color: #007b4c;}\n\t\t\t\t\t.fusion-content-boxes-1 .fusion-content-box-hover .link-area-link-icon-hover .heading .icon > span {\n\t\t\t\t\t\tbackground-color: transparent !important;\n\t\t\t\t\t}\n\t\t\t\t\t.fusion-content-boxes-1 .fusion-content-box-hover .link-area-box-hover .heading .icon > span {\n\t\t\t\t\t\tborder-color: rgba(0,123,76,0.69) !important;\n\t\t\t\t\t}<\/style><div class=\"fusion-column content-box-column content-box-column content-box-column-1 col-lg-12 col-md-12 col-sm-12 fusion-content-box-hover content-box-column-last-in-row\"><div class=\"col content-box-wrapper content-wrapper link-area-link-icon icon-hover-animation-fade\" style=\"background-color:rgba(255,255,255,0);\" data-animationOffset=\"top-into-view\"><div class=\"heading heading-with-icon icon-left\"><div class=\"icon\"><i style=\"background-color:transparent;border-color:transparent;height:auto;width: 20px;line-height:normal;color:#007b4c;font-size:20px;\" aria-hidden=\"true\" class=\"fontawesome-icon fa-chevron-right fas circle-no\"><\/i><\/div><h2 class=\"content-box-heading fusion-responsive-typography-calculated\" style=\"font-size:24px;--fontSize:24;line-height:1.2;\"> 1960<\/h2><\/div><div class=\"fusion-clearfix\"><\/div><div class=\"content-container\" style=\"color:#4a4e57;\">\n<p><strong>Existence of a nickel deposit at Ambatovy and Analamay discovered by the Malagasy Geological Service.<\/strong><\/p>\n<\/div><\/div><\/div><div class=\"fusion-column content-box-column content-box-column content-box-column-2 col-lg-12 col-md-12 col-sm-12 fusion-content-box-hover content-box-column-last-in-row\"><div class=\"col content-box-wrapper content-wrapper link-area-link-icon icon-hover-animation-fade\" style=\"background-color:rgba(255,255,255,0);\" data-animationOffset=\"top-into-view\"><div class=\"heading heading-with-icon icon-left\"><div class=\"icon\"><i style=\"background-color:transparent;border-color:transparent;height:auto;width: 20px;line-height:normal;color:#007b4c;font-size:20px;\" aria-hidden=\"true\" class=\"fontawesome-icon fa-chevron-right fas circle-no\"><\/i><\/div><h2 class=\"content-box-heading fusion-responsive-typography-calculated\" style=\"font-size:24px;--fontSize:24;line-height:1.2;\">1961-62<\/h2><\/div><div class=\"fusion-clearfix\"><\/div><div class=\"content-container\" style=\"color:#4a4e57;\">\n<p>The <em>Syndicat Moramanga<\/em> \u2013 85% <a href=\"http:\/\/www.brgm.fr\" target=\"_blank\" rel=\"noopener noreferrer\"><em>Bureau de Recherches G\u00e9ologiques et Mini\u00e8res<\/em><\/a> (BRGM) and 15% the UGINE company \u2013 determines the site has up to 80 million tonnes of 1.2 \u2013 1.3% nickel.<\/p>\n<p>Prospection continues throughout the 1960s.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-column content-box-column content-box-column content-box-column-3 col-lg-12 col-md-12 col-sm-12 fusion-content-box-hover content-box-column-last-in-row\"><div class=\"col content-box-wrapper content-wrapper link-area-link-icon icon-hover-animation-fade\" style=\"background-color:rgba(255,255,255,0);\" data-animationOffset=\"top-into-view\"><div class=\"heading heading-with-icon icon-left\"><div class=\"icon\"><i style=\"background-color:transparent;border-color:transparent;height:auto;width: 20px;line-height:normal;color:#007b4c;font-size:20px;\" aria-hidden=\"true\" class=\"fontawesome-icon fa-chevron-right fas circle-no\"><\/i><\/div><h2 class=\"content-box-heading fusion-responsive-typography-calculated\" style=\"font-size:24px;--fontSize:24;line-height:1.2;\">1970<\/h2><\/div><div class=\"fusion-clearfix\"><\/div><div class=\"content-container\" style=\"color:#4a4e57;\">\n<p>Additional studies estimate Mine reserves at this point to be 40 million tonnes.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-column content-box-column content-box-column content-box-column-4 col-lg-12 col-md-12 col-sm-12 fusion-content-box-hover content-box-column-last-in-row\"><div class=\"col content-box-wrapper content-wrapper link-area-link-icon icon-hover-animation-fade\" style=\"background-color:rgba(255,255,255,0);\" data-animationOffset=\"top-into-view\"><div class=\"heading heading-with-icon icon-left\"><div class=\"icon\"><i style=\"background-color:transparent;border-color:transparent;height:auto;width: 20px;line-height:normal;color:#007b4c;font-size:20px;\" aria-hidden=\"true\" class=\"fontawesome-icon fa-chevron-right fas circle-no\"><\/i><\/div><h2 class=\"content-box-heading fusion-responsive-typography-calculated\" style=\"font-size:24px;--fontSize:24;line-height:1.2;\">1994<\/h2><\/div><div class=\"fusion-clearfix\"><\/div><div class=\"content-container\" style=\"color:#4a4e57;\">\n<p>Creation of Phelps Dodge Madagascar, SARL (PDM).<\/p>\n<p>PDM begins initial <strong>feasibility study and environmental and social impact assessment<\/strong>, which are finalized in 1997.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-column content-box-column content-box-column content-box-column-5 col-lg-12 col-md-12 col-sm-12 fusion-content-box-hover content-box-column-last-in-row\"><div class=\"col content-box-wrapper content-wrapper link-area-link-icon icon-hover-animation-fade\" style=\"background-color:rgba(255,255,255,0);\" data-animationOffset=\"top-into-view\"><div class=\"heading heading-with-icon icon-left\"><div class=\"icon\"><i style=\"background-color:transparent;border-color:transparent;height:auto;width: 20px;line-height:normal;color:#007b4c;font-size:20px;\" aria-hidden=\"true\" class=\"fontawesome-icon fa-chevron-right fas circle-no\"><\/i><\/div><h2 class=\"content-box-heading fusion-responsive-typography-calculated\" style=\"font-size:24px;--fontSize:24;line-height:1.2;\">1995<\/h2><\/div><div class=\"fusion-clearfix\"><\/div><div class=\"content-container\" style=\"color:#4a4e57;\">\n<p>PDM acquires the rights to the Ambatovy deposits and four exploration permits. Exploratory work begins.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-column content-box-column content-box-column content-box-column-6 col-lg-12 col-md-12 col-sm-12 fusion-content-box-hover content-box-column-last-in-row\"><div class=\"col content-box-wrapper content-wrapper link-area-link-icon icon-hover-animation-fade\" style=\"background-color:rgba(255,255,255,0);\" data-animationOffset=\"top-into-view\"><div class=\"heading heading-with-icon icon-left\"><div class=\"icon\"><i style=\"background-color:transparent;border-color:transparent;height:auto;width: 20px;line-height:normal;color:#007b4c;font-size:20px;\" aria-hidden=\"true\" class=\"fontawesome-icon fa-chevron-right fas circle-no\"><\/i><\/div><h2 class=\"content-box-heading fusion-responsive-typography-calculated\" style=\"font-size:24px;--fontSize:24;line-height:1.2;\">2002<\/h2><\/div><div class=\"fusion-clearfix\"><\/div><div class=\"content-container\" style=\"color:#4a4e57;\">\n<p>Large Mining Investment Act \u2013 <em>Loi sur les Grands Investissements Miniers<\/em> (LGIM) \u2013 comes into force providing legal stability and investment incentives.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-column content-box-column content-box-column content-box-column-7 col-lg-12 col-md-12 col-sm-12 fusion-content-box-hover content-box-column-last-in-row\"><div class=\"col content-box-wrapper content-wrapper link-area-link-icon icon-hover-animation-fade\" style=\"background-color:rgba(255,255,255,0);\" data-animationOffset=\"top-into-view\"><div class=\"heading heading-with-icon icon-left\"><div class=\"icon\"><i style=\"background-color:transparent;border-color:transparent;height:auto;width: 20px;line-height:normal;color:#007b4c;font-size:20px;\" aria-hidden=\"true\" class=\"fontawesome-icon fa-chevron-right fas circle-no\"><\/i><\/div><h2 class=\"content-box-heading fusion-responsive-typography-calculated\" style=\"font-size:24px;--fontSize:24;line-height:1.2;\">2003<\/h2><\/div><div class=\"fusion-clearfix\"><\/div><div class=\"content-container\" style=\"color:#4a4e57;\">\n<p>Multiple Ambatovy exploration permits condensed into a single permit \u201cNumber 459\u2033 (23 blocks measuring 14,375 ha).<\/p>\n<p>PDM-Dynatec Corporation joint venture signed creating Dynatec Madagascar, SARL (DMSA).<\/p>\n<p>DMSA conducts exploratory drilling and develops a thorough feasibility study and detailed environmental and social impact assessment. These are completed in 2006.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-column content-box-column content-box-column content-box-column-8 col-lg-12 col-md-12 col-sm-12 fusion-content-box-hover content-box-column-last-in-row\"><div class=\"col content-box-wrapper content-wrapper link-area-link-icon icon-hover-animation-fade\" style=\"background-color:rgba(255,255,255,0);\" data-animationOffset=\"top-into-view\"><div class=\"heading heading-with-icon icon-left\"><div class=\"icon\"><i style=\"background-color:transparent;border-color:transparent;height:auto;width: 20px;line-height:normal;color:#007b4c;font-size:20px;\" aria-hidden=\"true\" class=\"fontawesome-icon fa-chevron-right fas circle-no\"><\/i><\/div><h2 class=\"content-box-heading fusion-responsive-typography-calculated\" style=\"font-size:24px;--fontSize:24;line-height:1.2;\">2004<\/h2><\/div><div class=\"fusion-clearfix\"><\/div><div class=\"content-container\" style=\"color:#4a4e57;\">\n<p>Dynatec receives 53% interest in Ambatovy.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-column content-box-column content-box-column content-box-column-9 col-lg-12 col-md-12 col-sm-12 fusion-content-box-hover content-box-column-last-in-row\"><div class=\"col content-box-wrapper content-wrapper link-area-link-icon icon-hover-animation-fade\" style=\"background-color:rgba(255,255,255,0);\" data-animationOffset=\"top-into-view\"><div class=\"heading heading-with-icon icon-left\"><div class=\"icon\"><i style=\"background-color:transparent;border-color:transparent;height:auto;width: 20px;line-height:normal;color:#007b4c;font-size:20px;\" aria-hidden=\"true\" class=\"fontawesome-icon fa-chevron-right fas circle-no\"><\/i><\/div><h2 class=\"content-box-heading fusion-responsive-typography-calculated\" style=\"font-size:24px;--fontSize:24;line-height:1.2;\">2005<\/h2><\/div><div class=\"fusion-clearfix\"><\/div><div class=\"content-container\" style=\"color:#4a4e57;\">\n<p>Dynatec acquires remaining 47% interest in Ambatovy from Phelps Dodge.<\/p>\n<p><a href=\"http:\/\/www.sumitomocorp.co.jp\/english\/\" target=\"_blank\" rel=\"noopener noreferrer\">Sumitomo Corporation<\/a> of Japan takes up a 25% stake in the Project which leaves Dynatec as a 75% stakeholder.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-column content-box-column content-box-column content-box-column-10 col-lg-12 col-md-12 col-sm-12 fusion-content-box-hover content-box-column-last-in-row\"><div class=\"col content-box-wrapper content-wrapper link-area-link-icon icon-hover-animation-fade\" style=\"background-color:rgba(255,255,255,0);\" data-animationOffset=\"top-into-view\"><div class=\"heading heading-with-icon icon-left\"><div class=\"icon\"><i style=\"background-color:transparent;border-color:transparent;height:auto;width: 20px;line-height:normal;color:#007b4c;font-size:20px;\" aria-hidden=\"true\" class=\"fontawesome-icon fa-chevron-right fas circle-no\"><\/i><\/div><h2 class=\"content-box-heading fusion-responsive-typography-calculated\" style=\"font-size:24px;--fontSize:24;line-height:1.2;\">2006<\/h2><\/div><div class=\"fusion-clearfix\"><\/div><div class=\"content-container\" style=\"color:#4a4e57;\">\n<p><strong>Forty-year mining permit granted.<\/strong><\/p>\n<p>Dynatec is named Project Operator and is joined by <a href=\"http:\/\/www.snclavalin.com\" target=\"_blank\" rel=\"noopener noreferrer\">SNC-Lavalin Group Inc<\/a>. with 5%,\u00a0<a href=\"http:\/\/eng.kores.or.kr\" target=\"_blank\" rel=\"noopener noreferrer\">Kores Resources Corporation<\/a> (KORES) with 27.5% and Sumitomo Corporation, 27.5%.<\/p>\n<p><a href=\"http:\/\/www.pnae.mg\/\" target=\"_blank\" rel=\"noopener noreferrer\"><em>Madagascar\u2019s Office National pour l\u2019Environnement<\/em><\/a> (ONE) issues <a href=\"https:\/\/ambatovy.com\/en\/wp-content\/uploads\/2022\/11\/20061204_Environmental_Approval.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">environmental permit<\/a>.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-column content-box-column content-box-column content-box-column-11 col-lg-12 col-md-12 col-sm-12 fusion-content-box-hover content-box-column-last-in-row\"><div class=\"col content-box-wrapper content-wrapper link-area-link-icon icon-hover-animation-fade\" style=\"background-color:rgba(255,255,255,0);\" data-animationOffset=\"top-into-view\"><div class=\"heading heading-with-icon icon-left\"><div class=\"icon\"><i style=\"background-color:transparent;border-color:transparent;height:auto;width: 20px;line-height:normal;color:#007b4c;font-size:20px;\" aria-hidden=\"true\" class=\"fontawesome-icon fa-chevron-right fas circle-no\"><\/i><\/div><h2 class=\"content-box-heading fusion-responsive-typography-calculated\" style=\"font-size:24px;--fontSize:24;line-height:1.2;\">2007<\/h2><\/div><div class=\"fusion-clearfix\"><\/div><div class=\"content-container\" style=\"color:#4a4e57;\">\n<p><strong><a href=\"http:\/\/www.ambatovy.com\/docs\/wp-content\/uploads\/20070328_Project_Certification.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Ambatovy Project certified<\/a> by the Government of Madagascar under LGIM.<\/strong><\/p>\n<p><a href=\"http:\/\/www.sherritt.com\" target=\"_blank\" rel=\"noopener noreferrer\">Sherritt International Corporation <\/a>purchases Dynatec for approximately US$1.7 billion\u00a0and is named Project Operator.<\/p>\n<p>Construction ground-breaking ceremony held at the Plant Site on November 7.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-column content-box-column content-box-column content-box-column-12 col-lg-12 col-md-12 col-sm-12 fusion-content-box-hover content-box-column-last-in-row\"><div class=\"col content-box-wrapper content-wrapper link-area-link-icon icon-hover-animation-fade\" style=\"background-color:rgba(255,255,255,0);\" data-animationOffset=\"top-into-view\"><div class=\"heading heading-with-icon icon-left\"><div class=\"icon\"><i style=\"background-color:transparent;border-color:transparent;height:auto;width: 20px;line-height:normal;color:#007b4c;font-size:20px;\" aria-hidden=\"true\" class=\"fontawesome-icon fa-chevron-right fas circle-no\"><\/i><\/div><h2 class=\"content-box-heading fusion-responsive-typography-calculated\" style=\"font-size:24px;--fontSize:24;line-height:1.2;\">2008<\/h2><\/div><div class=\"fusion-clearfix\"><\/div><div class=\"content-container\" style=\"color:#4a4e57;\">\n<p><a href=\"https:\/\/ambatovy.com\/en\/wp-content\/uploads\/2022\/11\/20080317_Financial_Close.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Closing of US$2.1 billion project financing<\/a> from a group of 14 lenders.<\/p>\n<p>Ambatovy named <a href=\"https:\/\/ambatovy.com\/en\/wp-content\/uploads\/2022\/11\/Best-Africa-Project-Finance-Deal.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">Best Africa Project Finance Deal by EMEA Finance<\/a>.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-column content-box-column content-box-column content-box-column-13 col-lg-12 col-md-12 col-sm-12 fusion-content-box-hover content-box-column-last-in-row\"><div class=\"col content-box-wrapper content-wrapper link-area-link-icon icon-hover-animation-fade\" style=\"background-color:rgba(255,255,255,0);\" data-animationOffset=\"top-into-view\"><div class=\"heading heading-with-icon icon-left\"><div class=\"icon\"><i style=\"background-color:transparent;border-color:transparent;height:auto;width: 20px;line-height:normal;color:#007b4c;font-size:20px;\" aria-hidden=\"true\" class=\"fontawesome-icon fa-chevron-right fas circle-no\"><\/i><\/div><h2 class=\"content-box-heading fusion-responsive-typography-calculated\" style=\"font-size:24px;--fontSize:24;line-height:1.2;\">2010<\/h2><\/div><div class=\"fusion-clearfix\"><\/div><div class=\"content-container\" style=\"color:#4a4e57;\">\n<p>Mining of material for stockpiling begins.<\/p>\n<p>Inauguration of the Ambatovy Training Center.<\/p>\n<p>Port expansion completed.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-column content-box-column content-box-column content-box-column-14 col-lg-12 col-md-12 col-sm-12 fusion-content-box-hover content-box-column-last-in-row\"><div class=\"col content-box-wrapper content-wrapper link-area-link-icon icon-hover-animation-fade\" style=\"background-color:rgba(255,255,255,0);\" data-animationOffset=\"top-into-view\"><div class=\"heading heading-with-icon icon-left\"><div class=\"icon\"><i style=\"background-color:transparent;border-color:transparent;height:auto;width: 20px;line-height:normal;color:#007b4c;font-size:20px;\" aria-hidden=\"true\" class=\"fontawesome-icon fa-chevron-right fas circle-no\"><\/i><\/div><h2 class=\"content-box-heading fusion-responsive-typography-calculated\" style=\"font-size:24px;--fontSize:24;line-height:1.2;\">2011<\/h2><\/div><div class=\"fusion-clearfix\"><\/div><div class=\"content-container\" style=\"color:#4a4e57;\">\n<p>End of construction<br \/>\nCommissioning begins<\/p>\n<\/div><\/div><\/div><div class=\"fusion-column content-box-column content-box-column content-box-column-15 col-lg-12 col-md-12 col-sm-12 fusion-content-box-hover content-box-column-last-in-row\"><div class=\"col content-box-wrapper content-wrapper link-area-link-icon icon-hover-animation-fade\" style=\"background-color:rgba(255,255,255,0);\" data-animationOffset=\"top-into-view\"><div class=\"heading heading-with-icon icon-left\"><div class=\"icon\"><i style=\"background-color:transparent;border-color:transparent;height:auto;width: 20px;line-height:normal;color:#007b4c;font-size:20px;\" aria-hidden=\"true\" class=\"fontawesome-icon fa-chevron-right fas circle-no\"><\/i><\/div><h2 class=\"content-box-heading fusion-responsive-typography-calculated\" style=\"font-size:24px;--fontSize:24;line-height:1.2;\">2012<\/h2><\/div><div class=\"fusion-clearfix\"><\/div><div class=\"content-container\" style=\"color:#4a4e57;\">\n<p>Operating permit delivered<\/p>\n<p><strong>First shipment of nickel to the international market<\/strong><\/p>\n<\/div><\/div><\/div><div class=\"fusion-column content-box-column content-box-column content-box-column-16 col-lg-12 col-md-12 col-sm-12 fusion-content-box-hover content-box-column-last-in-row\"><div class=\"col content-box-wrapper content-wrapper link-area-link-icon icon-hover-animation-fade\" style=\"background-color:rgba(255,255,255,0);\" data-animationOffset=\"top-into-view\"><div class=\"heading heading-with-icon icon-left\"><div class=\"icon\"><i style=\"background-color:transparent;border-color:transparent;height:auto;width: 20px;line-height:normal;color:#007b4c;font-size:20px;\" aria-hidden=\"true\" class=\"fontawesome-icon fa-chevron-right fas circle-no\"><\/i><\/div><h2 class=\"content-box-heading fusion-responsive-typography-calculated\" style=\"font-size:24px;--fontSize:24;line-height:1.2;\">2014<\/h2><\/div><div class=\"fusion-clearfix\"><\/div><div class=\"content-container\" style=\"color:#4a4e57;\">\n<p>Commercial production achieved<\/p>\n<p>ISO 9001:2008 certification acquired for Refining, Analysis, and Shipping<\/p>\n<p><a href=\"https:\/\/ambatovy.com\/en\/ambatovy-nedbank-capital-sustainability-business-award\/\">Nedbank Capital Sustainability Business Award<\/a><\/p>\n<p><a href=\"https:\/\/ambatovy.com\/en\/ambatovy-awarded-by-unaids-for-its-actions-against-hiv-aids\/\">UNAIDS \u201cBest Practice\u201d Award for HIV\/AIDS<\/a><\/p>\n<p><a href=\"https:\/\/ambatovy.com\/en\/2014-excellence-in-corporate-responsibility\/\">Excellence in Corporate Responsibility (ECR) Award<\/a> in the Social Enterprise Creation category<\/p>\n<p>Ambatovy joins the Voluntary Principles on Security and Human Rights (VPSHR) initiative. The VPSHR are a set of principles designed to guide companies in the extractive industry in maintaining the safety and security of their operations within a framework that encourages respect for human rights.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-column content-box-column content-box-column content-box-column-17 col-lg-12 col-md-12 col-sm-12 fusion-content-box-hover content-box-column-last-in-row\"><div class=\"col content-box-wrapper content-wrapper link-area-link-icon icon-hover-animation-fade\" style=\"background-color:rgba(255,255,255,0);\" data-animationOffset=\"top-into-view\"><div class=\"heading heading-with-icon icon-left\"><div class=\"icon\"><i style=\"background-color:transparent;border-color:transparent;height:auto;width: 20px;line-height:normal;color:#007b4c;font-size:20px;\" aria-hidden=\"true\" class=\"fontawesome-icon fa-chevron-right fas circle-no\"><\/i><\/div><h2 class=\"content-box-heading fusion-responsive-typography-calculated\" style=\"font-size:24px;--fontSize:24;line-height:1.2;\">2015<\/h2><\/div><div class=\"fusion-clearfix\"><\/div><div class=\"content-container\" style=\"color:#4a4e57;\">\n<p>90\/90 production test achieved<\/p>\n<p>Financial Completion attained<\/p>\n<p>Partner SNC-Lavalin sells its participation in Ambatovy\u2019s capital to Sumitomo Corporation<\/p>\n<p>Ambatovy\u2019s products are listed on the London Metal Exchange<\/p>\n<p><a href=\"https:\/\/ambatovy.com\/en\/ambatovy-wins-the-syncrude-award-for-excellence-in-sustainable-development-2\/\">Syncrude Award for Excellence in Sustainable Development<\/a> issued by the Canadian Institute of Mining, Metallurgy and Petroleum (CIM)<\/p>\n<\/div><\/div><\/div><div class=\"fusion-column content-box-column content-box-column content-box-column-18 col-lg-12 col-md-12 col-sm-12 fusion-content-box-hover content-box-column-last-in-row\"><div class=\"col content-box-wrapper content-wrapper link-area-link-icon icon-hover-animation-fade\" style=\"background-color:rgba(255,255,255,0);\" data-animationOffset=\"top-into-view\"><div class=\"heading heading-with-icon icon-left\"><div class=\"icon\"><i style=\"background-color:transparent;border-color:transparent;height:auto;width: 20px;line-height:normal;color:#007b4c;font-size:20px;\" aria-hidden=\"true\" class=\"fontawesome-icon fa-chevron-right fas circle-no\"><\/i><\/div><h2 class=\"content-box-heading fusion-responsive-typography-calculated\" style=\"font-size:24px;--fontSize:24;line-height:1.2;\">2017<\/h2><\/div><div class=\"fusion-clearfix\"><\/div><div class=\"content-container\" style=\"color:#4a4e57;\">\n<p><span lang=\"EN-US\">Sherritt reduces its share in Ambatovy\u2019s capital but remains the project operator<\/span><\/p>\n<p>Adoption of the Towards Sustainable Mining (TSM) initiative<\/p>\n<\/div><\/div><\/div><div class=\"fusion-column content-box-column content-box-column content-box-column-19 col-lg-12 col-md-12 col-sm-12 fusion-content-box-hover content-box-column-last-in-row\"><div class=\"col content-box-wrapper content-wrapper link-area-link-icon icon-hover-animation-fade\" style=\"background-color:rgba(255,255,255,0);\" data-animationOffset=\"top-into-view\"><div class=\"heading heading-with-icon icon-left\"><div class=\"icon\"><i style=\"background-color:transparent;border-color:transparent;height:auto;width: 20px;line-height:normal;color:#007b4c;font-size:20px;\" aria-hidden=\"true\" class=\"fontawesome-icon fa-chevron-right fas circle-no\"><\/i><\/div><h2 class=\"content-box-heading fusion-responsive-typography-calculated\" style=\"font-size:24px;--fontSize:24;line-height:1.2;\">2018<\/h2><\/div><div class=\"fusion-clearfix\"><\/div><div class=\"content-container\" style=\"color:#4a4e57;\">\n<p>Payment of first mining royalties to the decentralized territorial collectivities affected by our operations<\/p>\n<\/div><\/div><\/div><div class=\"fusion-column content-box-column content-box-column content-box-column-20 col-lg-12 col-md-12 col-sm-12 fusion-content-box-hover content-box-column-last-in-row\"><div class=\"col content-box-wrapper content-wrapper link-area-link-icon icon-hover-animation-fade\" style=\"background-color:rgba(255,255,255,0);\" data-animationOffset=\"top-into-view\"><div class=\"heading heading-with-icon icon-left\"><div class=\"icon\"><i style=\"background-color:transparent;border-color:transparent;height:auto;width: 20px;line-height:normal;color:#007b4c;font-size:20px;\" aria-hidden=\"true\" class=\"fontawesome-icon fa-chevron-right fas circle-no\"><\/i><\/div><h2 class=\"content-box-heading fusion-responsive-typography-calculated\" style=\"font-size:24px;--fontSize:24;line-height:1.2;\">2020<\/h2><\/div><div class=\"fusion-clearfix\"><\/div><div class=\"content-container\" style=\"color:#4a4e57;\">\n<p>Sherritt International Corporation exits the Ambatovy project<br \/>\nAmbatovy operations shutdown due to COVID-19 pandemic in March<\/p>\n<\/div><\/div><\/div><div class=\"fusion-column content-box-column content-box-column content-box-column-21 col-lg-12 col-md-12 col-sm-12 fusion-content-box-hover content-box-column-last content-box-column-last-in-row\"><div class=\"col content-box-wrapper content-wrapper link-area-link-icon icon-hover-animation-fade\" style=\"background-color:rgba(255,255,255,0);\" data-animationOffset=\"top-into-view\"><div class=\"heading heading-with-icon icon-left\"><div class=\"icon\"><i style=\"background-color:transparent;border-color:transparent;height:auto;width: 20px;line-height:normal;color:#007b4c;font-size:20px;\" aria-hidden=\"true\" class=\"fontawesome-icon fa-chevron-right fas circle-no\"><\/i><\/div><h2 class=\"content-box-heading fusion-responsive-typography-calculated\" style=\"font-size:24px;--fontSize:24;line-height:1.2;\">2021<\/h2><\/div><div class=\"fusion-clearfix\"><\/div><div class=\"content-container\" style=\"color:#4a4e57;\">\n<p>Operations resume in March with first nickel shipment completed in April.<br \/>\nKorea Resources Corporation (KORES) and Mine Reclamation Corporation (MIRECO) merge into Korea Mine Rehabilitation and Mineral Resources Corp. (<a href=\"https:\/\/www.komir.or.kr\/kor\" target=\"_blank\" rel=\"noopener\">KOMIR<\/a>).<\/p>\n<\/div><\/div><\/div><style type=\"text\/css\">\n\t\t\t\t\t\t.fusion-content-boxes-1 .fusion-content-box-hover .heading-link:hover .icon i.circle-yes,\n\t\t\t\t\t\t.fusion-content-boxes-1 .fusion-content-box-hover .link-area-box:hover .heading-link .icon i.circle-yes,\n\t\t\t\t\t\t.fusion-content-boxes-1 .fusion-content-box-hover .link-area-link-icon-hover .heading .icon i.circle-yes,\n\t\t\t\t\t\t.fusion-content-boxes-1 .fusion-content-box-hover .link-area-box-hover .heading .icon i.circle-yes {\n\t\t\t\t\t\t\tbackground-color: transparent !important;\n\t\t\t\t\t\t\tborder-color: rgba(0,123,76,0.69) !important;\n\t\t\t\t\t\t}<\/style><div class=\"fusion-clearfix\"><\/div><\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-builder-column-5{width:66.666666666667% !important;margin-top : 0px;margin-bottom : 20px;}.fusion-builder-column-5 > .fusion-column-wrapper {padding-top : 0px !important;padding-right : 0px !important;margin-right : 2.88%;padding-bottom : 0px !important;padding-left : 0px !important;margin-left : 2.88%;}@media only screen and (max-width:1024px) {.fusion-body .fusion-builder-column-5{width:83.333333333333% !important;order : 0;}.fusion-builder-column-5 > .fusion-column-wrapper {margin-right : 2.304%;margin-left : 2.304%;}}@media only screen and (max-width:640px) {.fusion-body .fusion-builder-column-5{width:100% !important;order : 0;}.fusion-builder-column-5 > .fusion-column-wrapper {margin-right : 1.92%;margin-left : 1.92%;}}<\/style><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-6 fusion_builder_column_1_5 1_5 fusion-flex-column\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\" style=\"background-position:left top;background-repeat:no-repeat;-webkit-background-size:cover;-moz-background-size:cover;-o-background-size:cover;background-size:cover;padding: 0px 0px 0px 0px;\"><\/div><style type=\"text\/css\">.fusion-body .fusion-builder-column-6{width:20% !important;margin-top : 0px;margin-bottom : 20px;}.fusion-builder-column-6 > .fusion-column-wrapper {padding-top : 0px !important;padding-right : 0px !important;margin-right : 9.6%;padding-bottom : 0px !important;padding-left : 0px !important;margin-left : 9.6%;}@media only screen and (max-width:1024px) {.fusion-body .fusion-builder-column-6{width:20% !important;order : 0;}.fusion-builder-column-6 > .fusion-column-wrapper {margin-right : 9.6%;margin-left : 9.6%;}}@media only screen and (max-width:640px) {.fusion-body .fusion-builder-column-6{width:100% !important;order : 0;}.fusion-builder-column-6 > .fusion-column-wrapper {margin-right : 1.92%;margin-left : 1.92%;}}<\/style><\/div><\/div><style type=\"text\/css\">.fusion-body .fusion-flex-container.fusion-builder-row-2{ padding-top : 0px;margin-top : 40;padding-right : 0px;padding-bottom : 0px;margin-bottom : 0px;padding-left : 0px;}<\/style><\/div><\/p>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":3,"featured_media":17726,"parent":7,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"100-width.php","meta":{"footnotes":""},"class_list":["post-14236","page","type-page","status-publish","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/ambatovy.com\/en\/wp-json\/wp\/v2\/pages\/14236","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ambatovy.com\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/ambatovy.com\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/ambatovy.com\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/ambatovy.com\/en\/wp-json\/wp\/v2\/comments?post=14236"}],"version-history":[{"count":50,"href":"https:\/\/ambatovy.com\/en\/wp-json\/wp\/v2\/pages\/14236\/revisions"}],"predecessor-version":[{"id":19093,"href":"https:\/\/ambatovy.com\/en\/wp-json\/wp\/v2\/pages\/14236\/revisions\/19093"}],"up":[{"embeddable":true,"href":"https:\/\/ambatovy.com\/en\/wp-json\/wp\/v2\/pages\/7"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ambatovy.com\/en\/wp-json\/wp\/v2\/media\/17726"}],"wp:attachment":[{"href":"https:\/\/ambatovy.com\/en\/wp-json\/wp\/v2\/media?parent=14236"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}