GOVERNANCE

Transparency

Ambatovy is committed to being transparent in everything it does and therefore discloses far more than is required by law. This makes it possible for stakeholders to have greater access to information, which, in turn, helps Ambatovy’s constituencies better understand its many activities and challenges.

Open Door event in Moramanga

Government Relations

In addition to meeting all of the legal requirements for disclosure set by Malagasy authorities, such as the Ministry, attached to the Presidency, in Charge of Mines and Petroleum and the National Environment Office, Ambatovy works closely with government counterparts at the local, regional, and national levels.

Coordination and information-sharing activities include:

  • Regional and national official committees, such as the Regional Coordination Committee of Atsinanana (Toamasina) and the Local Coordination Committee in Moramanga (CLC), which regularly meet with Ambatovy representatives to discuss and address issues and opportunities;

  • Regular monitoring visits to the Mine and Plant Site by government officials;

  • In-depth meetings with local, regional, and national authorities to explain and discuss the effects of Ambatovy’s activities as well as its social and economic contributions to Madagascar.

Extractive Industries Transparency Initiative – Disclosure of Payments

In 2008, Ambatovy joined forces with the Government of Madagascar in its effort to become a compliant country in the Extractive Industries Transparency Initiative (EITI). EITI encourages companies, governments, and civil society groups to work toward the transparent disclosure of payments made by extractive industries to governments. EITI compliance also requires that governments disclose receipt of all such payments. Madagascar registered to become an EITI candidate country in 2008.

Ambatovy fully supports this initiative and takes part in collaborative meetings and transparency sensibilization campaigns together with the Government, other mining companies, and civil society.

In February 2015, EITI Madagascar published their most recent audited report of revenues concerning the extractive industry in Madagascar on their website, www.eiti-madagascar.org. This report contains details of payments made by Ambatovy to the Malagasy state.

Public Communication

Ambatovy’s Communication Department has developed a series of tools to inform a wide range of audiences about Ambatovy’s activities on a continuous basis. These tools include: ongoing interactions with rural and urban print and broadcast media, this website, brick-and-mortar information centers near operations, Mine and Plant Site visits for stakeholders, internal and external newsletters, brochures, flyers, posters, a sustainability report, highly visual presentations targeted at children and non-literate stakeholders, a series of topic-specific videos, as well as road show presentations, open door events, Q & A sessions in isolated communities, town halls meetings and small group and individual meetings.

Stakeholder Engagement

As part of its commitment to Madagascar, Ambatovy has developed a comprehensive approach to stakeholder engagement. Learn more by clicking here.

Material Disclosure

Any material disclosure and communication to institutional or retail investors is handled by Ambatovy’s partners – Sherritt International Corporation of Canada, Sumitomo Corporation of Japan, and Korea Resources Corporation of Korea – according to the financial regulations and laws of their respective countries.