Published on 07 March 2013

Ambatovy: Tug of War with Sherritt

Ever since he came to power in March, 2009, Madagascar president Andry Rajoelina has been struggling to modify a contract signed by his predecessor, Marc Ravalomanana, with the Canadian mining group Sherritt International, in order to obtain greater financial rewards from the Ambatovy nickel and cobalt project. Former mines minister Mamy Ratovomalala and businessman Mamy Ravatomanga have taken turns in trying to force Sherritt to back down but the company conducted a lobbying campaign to push back the offensive. Finally, Rajoelina has hired the Alex Stewart International firm to conduct an audit of the mining project. The Indian Ocean Newsletter examines what's at stake and the players in the tug of war.

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MADAGASCAR Document 29/03/2013

Sherritt can carry on working 

The operating permit of Sherritt International’s subsidiary Dynatec Madagascar has finally been extended. [...]

MADAGASCAR 15/03/2013

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Mamy Ravatomanga 

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MADAGASCAR 15/02/2013

Alex Stewart International 

Horacio Novillo, the chief operating officer of Alex Stewart International [...]

MADAGASCAR 01/02/2013

Sherritt delves into Alex Stewart 

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UNITED STATES Intelligence Online 30/01/2013


K2, the company founded by Jules Kroll and his son [...]

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Dynatec Madagascar 

In order to carry through its project to extract nickel [...]

MADAGASCAR 19/10/2012

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MADAGASCAR 05/10/2012

More details on Alex Stewart’s offer 

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MADAGASCAR 21/09/2012

Sherritt’s secret financial agreement 

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MADAGASCAR 21/09/2012

Alex Stewart International’s proposal 

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MADAGASCAR 18/09/2012

Ambatovy: Operators cough up 

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MADAGASCAR 07/09/2012

Sherritt lobbies the European Union 

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MADAGASCAR 03/07/2012

Locals waiting for trickle-down from Ambatovy 

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MADAGASCAR 31/07/2009

Sherritt is not out of the woods yet 

A French consultancy hired by the HAT is letting uncertainty persist about the legality of Sheritt’s contract. [...]

MADAGASCAR 28/07/2009

Sherritt Exonerated in New Ambatovy Funding 

Concluding the operation for additional financing for the Ambatovy nickel [...]

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Sherritt International 

A Canadian mining group is making a great many approaches [...]

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