Search Copying and distributing are prohibited without permission of the publisher
Email a friend
  • To include more than one recipient, please separate each email address with a semi-colon ';', to a maximum of 5

  • By submitting this article to a friend we reserve the right to contact them regarding AMM subscriptions. Please ensure you have their consent before giving us their details.

Ambatovy project is shipping nickel

Keywords: Tags  nickel, Ambatovy, Madagascar project, cobalt, Sherritt International, Mark Plamondon, David Pathe, SNC-Lavalin Group Sumimoto

NEW YORK — Madagascar’s Ambatovy nickel-cobalt project shipped its first nickel at the beginning of November.

"Ambatovy’s refined nickel successfully left the docks at the Port of Toamasina (on Nov. 6), representing the first shipment to be sold on the international market," the company said on its website.

"The first shipment of finished product is an important milestone for Ambatovy, just as it is for Madagascar. Nickel is expected to become the top export for the country," Ankorondrano, Madagascar-based Ambatovy president Mark Plamondon said.

Ambatovy expects its first cobalt to ship "shortly," it said.

David Pathe, president and chief executive officer of Sherritt International Corp., the largest stakeholder in the project, said during that company’s third-quarter earnings call that the first nickel shipment from Ambatovy was imminent (, Nov. 1).

The project is expected to produce 60,000 tonnes of nickel and 5,600 tonnes of cobalt at full capacity. It produced 2,370 tonnes of nickel and 165 tonnes of cobalt in the third quarter (, Oct. 31).

Ambatovy is a joint venture between Toronto-based Sherritt International Corp., Montreal-based SNC-Lavalin Group Inc., Tokyo-based Sumitomo Corp. and Seoul, South Korea-based Korea Resources Corp.

Have your say
  • All comments are subject to editorial review.
    All fields are compulsory.

Latest Pricing Trends