The mine site is located near Moramanga, 80km east of the capital Antananarivo, and the slurry pipeline follows partly the road and railway line to the port at Taomasina on the east coast: the hydrometallurgical plant will be located near to the port.
Description
Development and operation of a new large-scale open pit lateritic nickel ore mine, construction and operation of a 220km slurry pipeline for transporting fine ore, and a hydrometallurgical processing plant and refinery.
Objectives
Production of 60 000 t/y nickel metal and 5 600t/y cobalt.
Comments
Mining and Quarrying
Sector(s)
Industry
Proposed EIB finance (Approximate amount)
Approx EUR 200 - 230 million.
Total cost (Approximate amount)
Approx EUR 2 315 million.
Environmental aspects
An extensive Environmental and Social Impact Assessment (ESIA) has been completed by independent consultants, and has been submitted to Government and approved. An addendum has been produced and submitted for the slurry pipeline route.
Procurement
The EPCM contract has been awarded following international negotiations with the few engineering companies able to carry out such a project. The individual contracts will be awarded following international negotiation.
The sponsor is a private company operating in the mining sector: the procedures followed are in compliance with the Bank's Guide to Procurement.
Status
Signed
-
22/08/2007.
Related Documents
28-10-2008 - Non Technical Summary (NTS) of the Environmental Impact Assessment (EIA) EN
28-10-2008 - Environmental and Social Impact Assessment (ESIA) EN
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. Therefore data provided on this page is indicative and cannot be considered to represent official EIB Policy (see also the Explanatory notes).
The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities. Enquiries and comments regarding the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, EIB can also be contacted through its external offices.
Queries regarding details of a specific project, in particular when EIB loan is under appraisal, should be preferably addressed directly to project promoters.
Any complaint regarding alleged maladministration can be lodged to EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.
Zero-tolerance against fraud and corruption
The EIB has a zero-tolerance policy on fraud or corruption. To report allegations of fraud or corruption in EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential, and are handled in line with EIB investigation procedures and the Anti-Fraud Policy.
The EIB is committed to achieving the highest possible level of transparency. The EIB Transparency Policy sets out how EIB discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations.
Mining and Quarrying