Ambatovy Nickel project

Promoteur – Intermédiaire Financier

Ambatovy Minerals SA and Dynatec Madagascar SA

Lieu

• Madagascar

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.

Objectifs

Production of 60 000 t/y nickel metal and 5 600t/y cobalt.

Commentaires

Mining and Quarrying

Secteur(s)

• Industrie

Montant BEI envisagé (montant approximatif)

Approx EUR 200 - 230 million.

Coût total (montant approximatif)

Approx EUR 2 315 million.

Aspects environnementaux

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.

Passation des marchés

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.

Statut

Signé - 22/08/2007