The deposits in Ambatovy and Analamay were discovered in 1960 and extend over 8 sq km in the centre of Madagascar. Between 1975 and 1990, when the country's socialist revolution took place, the President attempted to set up a chrome/iron operation at the sites. Commissioning of mining equipment commenced in 2010 and was followed by the start of ore processing in 2012. Production of mixed sulphide commenced in late May 2012. Approximately 700 tonnes of this was introduced to the refinery during the second quarter and a preliminary batch of nickel briquettes was sintered on June 26 as part of the testing and start-up of the refinery. The project was deemed to have reached commercial production in Q4 of 2013. Total capital costs inclusive of financing charges and working capital (net of sales revenue prior to commercial production) were US$7.2bn of which US$5.3bn was the total capital cost of construction.
Ambatovy nickel operation flowsheet PDF - 171.52 KB
This Nickel Operation report provides a detailed analysis of the cost profile, process overview, products and key issues for this asset, as well as a detailed location map.
For nickel producers, advisors and financial companies, this report provides an understanding of the value and efficiency of the operation. Use this report to understand the competitive position, identify acquisition opportunities and strengthen business strategies.
Wood Mackenzie's cost methodology is the established global industry standard, relied on by the world’s leading investment banks and mining companies to make strategic, operational and investment decisions.
Our analysts are based in the markets they analyse, working with high-quality proprietary cost databases and cost curve analyses to write consistent and reliable insights. Our database includes over 2,450 asset analyses covering more than 1,000 companies worldwide.
Wood Mackenzie's clients include every major player in the global energy, metals and mining industries. We are recognised as a leading authority by international and national energy, metals and mining companies, leading financial institutions, governments and government agencies. We work with a range of diverse teams within our clients, from strategy and policy makers, business developers and market analysts, through to corporate finance, risk teams and investors.
Having Wood Mac analysis is table-stakes. Others are nice to have.
Analyst Metal Mining Producer
Wood Mac has the highest quality data and is demanded by our staff.
Portfolio Manager Integrated Oil Company
Others can provide data but we value the quality of the Wood Mac analysis above other sources.
As the trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, we empower clients to make better strategic decisions with objective analysis and advice. Find out more...
Asset report | Feb 2017
Ambatovy nickel operation
Have questions? Just let us know how to contact you and we will respond to you as soon as possible.