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Appendix A: Regulations, Standards and Commitments
Ambatovy is committed to complying with the laws and frameworks that regulate mining activities both in country and around the
world including:
National Regulations
Investment and Environment Compatibility Regulation (
Mise en Compatibilité des Investissements avec
l’Environnement,
MECIE)
The MECIE regulates environmental compliance for investment projects in Madagascar. It describes the process and
conditions for obtaining the necessary environmental permits and establishes regulations and penalties. Ambatovy received its
environmental permit from the Malagasy authorities in 2006, after filing its Environmental and Social Impact Assessment.
Large Mining Investment Act (
Loi sur les Grands Investissements Miniers,
LGIM)
Madagascar’s LGIM established the legal framework for developing and operating large-scale mining projects in the country.
The LGIM was developed with the support and assistance of the World Bank. Under the LGIM, we are required to report
annually to the government on a range of sustainability issues, such as local employment and environmental measures.
Ambatovy was certified under the LGIM in 2007.
External Standards and Resources
Biodiversity Offset Standard of the Business & Biodiversity Offset Program (BBOP)
BBOP is a collaboration of companies, financial institutions, governments and civil society organizations. The members aim to
develop and test best practices of conservation and biodiversity offsets. In 2006, Ambatovy became a BBOP pilot project and
we currently align our offsets vision and design to the voluntary Biodiversity Offset Standard, published by BBOP in 2012.
Global Reporting Initiative
The most widely used sustainability reporting framework, consisting of principles, guidelines and indicators to measure and
report on an organization’s economic, environmental and social performance.
International Council on Mining and Metals (ICMM) Principles
The ICMM is an organization established to act as a catalyst for performance improvement in the mining and metals industry.
The ICMM brings together mining and metals companies with national and regional mining associations and global commodity
associations. Ambatovy endeavours to apply relevant ICMM principles and has integrated them, where applicable, into internal
planning and strategies.
International Finance Corporation (IFC) Performance Standards
The IFC applies social and environmental performance standards to all projects financed by the IFC and by Equator Principles
Financial Institutions (EPFIs) in order to minimize impacts on the environment and on affected communities. As part of
Ambatovy’s lending agreements, some of which are with EPFIs, Ambatovy is committed to adhering to the IFC Performance
Standards. Ambatovy’s compliance is audited regularly by third-party experts who report to Ambatovy’s lenders.
International Organization for Standardization (ISO) 9001
In early 2014, Ambatovy received certification for its products under ISO 9001, the internationally recognized standard for quality
management systems, which is required for products sold on the London Metal Exchange. Ambatovy’s Quality Policy affirms our
commitment to supplying defect-free products to all our customers.
