Ambatovy is the largest capital project in Madagascarâ€™s history. Designed to operate for a minimum of 29 years, Ambatovy will have a major, positive, long-term impact on the Malagasy economy.
Over its lifecycle, and based on current nickel prices, Ambatovy estimates its contributions to the Government of Madagascar at US$ 50 million per year for the next ten years and US$ 4.5 billion over the 29 year life of the Mine inÂ taxes, royalties, duties, and other payments. The exact amount payable to the government is difficult to forecast due to multiple variables that include the market price of nickel and cobalt, the cost of input commodities (such as coal, limestone, and sulphur), inflation, and other factors that are also subject to fluctuation.
Ambatovy’s investments in job creation, infrastructure, and support forÂ local business will also contribute significantly to Madagascar’s potential for futureÂ growth.
Many extractive industries in sub-Saharan Africa have chosen to refine their minerals in Asia, Europe, or North America.Â Ambatovy’s decision to fully refine itsÂ products in MadagascarÂ will generateÂ significantÂ local benefits including thousands of additional jobs, enhancedÂ technology transfer andÂ expanded capacity building, and infrastructure. These will all generate substantial economic returns for Madagascar over the long run.