Published on 07 March 2013

Ambatovy: Tug of War with Sherritt

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

Sherritt on the last straight  Free

With the presidential poll scheduled for the end of July, the tug of war between the Malagasy government and the Canadian company Sherritt has entered its final phase. [...]

MADAGASCAR 15/02/2013

Mamy Ravatomanga 

The head of the Sodiat group, Mamy Ravatomanga, who is also an unofficial advisor to Transition President Andry Rajoelina aka [...]

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 

As soon as the consulting company Alex Stewart International offered to carry out an audit on the Ambatovy mining project for the Malagasy authorities, Sherritt began to have the firm investigated. [...]

UNITED STATES Intelligence Online 30/01/2013

K2 

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

MADAGASCAR 16/11/2012

Dynatec Madagascar 

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

MADAGASCAR 19/10/2012

Competition to run Sherritt compound 

Three French companies are competing for the new contract to run the Ambatovy site facilities. [...]

MADAGASCAR 05/10/2012

More details on Alex Stewart’s offer 

The proposal of services the consulting company Alex Stewart International made to the Malagasy government gives an idea of what an audit of Sherritt International’s mining project would be like. [...]

MADAGASCAR 21/09/2012

Sherritt’s secret financial agreement 

The government decree authorising the Ambatovy mining project passed on 12 September is coupled with a financial agreement that is kept secret. [...]

MADAGASCAR 21/09/2012

Alex Stewart International’s proposal 

The Indian Ocean Newsletter has obtained a copy of the proposal Alex Stewart presented to the Malagasy government. [...]

MADAGASCAR 07/09/2012

Sherritt lobbies the European Union 

The mining company Sherritt International is using the Canadian diplomatic service and private lobbyists to counter the Malagasy government’s claim for $75 million. [...]

Locals waiting for trickle-down from Ambatovy 

The construction of the Ambatovy nickel, cobalt and ammonium sulfate plant at Tamatave has finally been completed. No less than [...]

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. [...]

Sherritt Exonerated in New Ambatovy Funding 

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

MADAGASCAR 26/09/2008

Sherritt International 

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

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