Signature(s)
Summary sheet
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.
Production of 60 000 t/y nickel metal and 5 600t/y cobalt.
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.
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.
Mining and Quarrying
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).
Photogallery
©Ambatovy
©Ambatovy
©Ambatovy
©Ambatovy
©Ambatovy
General enquiries and comments
The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning 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, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.
Media enquiries
Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.
Complaints mechanism
Any complaint regarding alleged maladministration can be lodged via the 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 and corruption relating to EIB-financed projects, please contact the Fraud and Investigation division. All complaints will be treated as strictly confidential and handled in line with the EIB investigation procedures and the Anti-Fraud Policy.
Related publications