Madagascars Ambatovy nickel-cobalt project shipped its
first nickel at the beginning of November.
"Ambatovys 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 companys
third-quarter earnings call that the first nickel shipment from
Ambatovy was imminent (
amm.com, 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 (
amm.com, 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