Ambatovy Minerals S.A. (AMSA) and Dynatec Madagascar S.A. (DMSA)

Climate Impact & Sustainability Data (2022)

Total Carbon Emissions:1931 kt CO2e

Water Consumption:27 million m3

Waste Generated:10,969 thousand tons (ore, waste, sheeting)

Achieved one-year LTI free, equivalent to approximately 6,000,000 work-hours without an LTI-related incident.
Best safety performance to date with a record-low Total Recordable Injury Frequency Rate (0.08) and All Injury Frequency Rate (0.35), and a Lost Time Injury Rate of 0.01.
Independent scientific study suggests Ambatovy is well on track to achieving No Net Loss (NNL) of priority habitat and may have already achieved NNL of forest by the end of 2021.
Nearly doubled diversity at nurseries, producing over 500,000 plants from more than 240 endemic species.
Released 1,904 Golden Mantella frogs into conservation area, marking the fifth successful year of the reintroduction program. Over 3,750 critically endangered frogs have been released to date.
Launched “decarbonization journey” focusing on identifying decarbonization and offsetting opportunities and developing new GHG calculation and reporting tools.

Actively contributed to relief efforts after cyclones, including search and rescue missions, donating over 34 tons of rice, and transporting critical workers.
Donated school kits to over 7,000 primary school children, awarded scholarships to 142 vulnerable girls, and provided meals to 1,240 students.
Inaugurated a newly-built primary school and began construction on two additional schools.
Increased local spending by over 50% in 2022, creating significant value-added within the communities where we operate. Goods and services, valued at over US$ 344 million, were purchased from over 400 local suppliers.
Collaborated with the Regional Directorate of Public Health to provide mobile medical consultations to villages, with over 1,200 individuals receiving free consultations and medications.
Continued donations to help in the fight against Covid-19 in Madagascar.

Awarded the label “Malagasy Ny Antsika” by the Syndicat des Industries de Madagascar (SIM), recognizing high-quality nickel and cobalt production.
Continued active participation in the Extractive Industries Transparency Initiative (EITI) process in Madagascar.
Implementing the Voluntary Principles on Security and Human Rights (VPSHR).

Long-term Goals:

Medium-term Goals:

Short-term Goals:

Severe cyclones impacting the country, destroying homes, livelihoods, and infrastructure.
Managing stakeholder expectations in a volatile commodity price environment.
Growing requirement from manufacturers to demonstrate responsibility in supply chains.
High biodiversity and challenging socio-economic issues in Madagascar.
Potential for price inflation and increased strain on municipal services.
Dam failures globally prompting review of tailings management systems.

Actively contributed to relief efforts at national and regional levels.
Meaningful and respectful stakeholder engagement, building partnerships.
Aligning with international standards (ISO 14001, ISO 45001, RMI RMAP, OECD Due Diligence Guidance), conducting internal audits, providing supplier training.
Extensive avoidance, mitigation, and conservation measures to minimize environmental impacts.
Targeted programs to increase local supply, promote local employment, and support income generating activities.
Reviewing and evaluating tailings management monitoring systems and risk assessments.

Supplier Audits: 8 local vendors audited in 2022; 600 audits since 2011.

Frameworks Used: GRI Standards

Certifications: ISO 9001

See Appendix 1 for details on how Ambatovy's initiatives contribute to the SDGs.