| Risk and valuation analysis of the AMBATOVY Project |
| Status Risk : Mine development |
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| Title(s) of the AMBATOVY Project |
 | Sherritt International Corporation
Joint venture: 40% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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| Sherritt, the project operator, has a 40% ownership position. The other shareholders are Sumitomo Corporation (27,5%), Korea Resources Corporation (KORES, 27,5% ), and SNC-Lavalin (contractor).
pour la construction, 5% des parts)
Vision |
 | Sumitomo Metal Mining Co Ltd
Joint venture: 27.5% |
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| Title | Company Profile | All Projects | Company website | Company project page |
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| Location of the AMBATOVY Project |
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The Ambatovy mine site is located 80 kilometers east of Antananarivo (the capital of Madagascar) near the city of Moramanga. It is within a few kilometers of the main road and rail system connecting Antananarivo and the main port city of Toamasina on the east coast.
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| History of the AMBATOVY Project |
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Ambatovy is a long-life lateritic nickel project with annual design capacity of 60,000 tonnes of nickel and 5,600 tonnes of cobalt. The mine life is currently projected to be 27 years.
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| Production Objectives |
| Metal | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | 2031 | 2032 | 2033 |
| COBALT (lbs) | 12,500,000 | 12,500,000 | 12,500,000 | 12,500,000 | 12,500,000 | 12,500,000 | 12,500,000 | 12,500,000 | 12,500,000 | 12,500,000 |
| NICKEL (lbs) | 32,000,000 | 32,000,000 | 32,000,000 | 32,000,000 | 32,000,000 | 32,000,000 | 32,000,000 | 32,000,000 | 32,000,000 | 32,000,000 |
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