Ambatovy is the largest capital project in Madagascarâ€™s history. Designed to operate for at least 29 years, Ambatovy will have a major, positive, long-term impact on the Malagasy economy.
Over its lifecycle, Ambatovy will contribute hundredsÂ of millions of dollars toÂ the Government ofÂ Madagascar inÂ taxes, royalties, duties, and other payments. The exact amount of government revenue 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 an additional 1,000 high-quality, well-remunerated jobs, enhancedÂ technology transfer, andÂ expanded capacity building. These will all generate substantial economic returns for Madagascar over the long run.