The Ambatovy Joint Venture is a vertically-integrated nickel and cobalt mining, processing, refining and marketing joint venture between subsidiaries of Sherritt (40% ownership), Sumitomo (27.5%), Korea Resources (27.5%), and SNC-Lavalin (5%). Sherritt is the operator of the facilities. Located in Madagascar, Ambatovy is the largest finished nickel and finished cobalt operation from lateritic ore in the world.
Ambatovy has an annual design capacity of 60,000 tonnes of nickel and 5,600 tonnes of cobalt. The mine life is currently projected to be 29 years. Commissioning and start-up of the plant facilities were completed in 2012. In January 2014, Ambatovy reached commercial production. For the full year 2014 Ambatovy produced 14,821 tonnes (40% basis) of finished nickel.
The Ambatovy mine area is located 80 kilometres east of Antananarivo (the capital of Madagascar) near the town of Moramanga. It is within a few kilometres of the main road and rail system connecting Antananarivo and the main port city of Toamasina on the east coast. The Joint Venture operates an open-pit mining operation and an ore preparation plant at the mine site. The slurried laterite ore is delivered via pipeline to a process plant and refinery located directly south of the Port of Toamasina.
For more information please visit the Ambatovy site at www.ambatovy.com .