Country Madagascar 
Close to Antananarivo
Latitude / Longitude 18 S 52 / 48 E 21
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Develops Nickel -
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Last updated on 5/28/2010 - Terms of Use
Risk and valuation analysis of the AMBATOVY Project
Status Risk : Mine development
Country Risk : Important
Title(s) of the AMBATOVY Project
Sherritt International Corporation
Joint venture: 40%
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TitleCompany ProfileAll ProjectsCompany websiteCompany project page
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%
Company ProfileAll ProjectsCompany website
TitleCompany ProfileAll ProjectsCompany websiteCompany project page
Location of the AMBATOVY Project
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.
History of the AMBATOVY Project
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.
Production Objectives
COBALT (lbs)12,500,00012,500,00012,500,00012,500,00012,500,00012,500,00012,500,00012,500,00012,500,00012,500,000
NICKEL (lbs)32,000,00032,000,00032,000,00032,000,00032,000,00032,000,00032,000,00032,000,00032,000,00032,000,000
Data last updated on : 12/31/2007
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