Risk Management: Ambatovy

Ambatovy is the largest open-pit mine in the world and the largest industrial project in the history of Madagascar. The mine produces 60,000 tonnes of nickel and 5,600 tonnes of cobalt per year and employs over 20,000 people from more than 10 countries. Targe was hired to find solutions to issues related to compliance with standards of responsibility for environmental protection, emergency response implementation and procedures, workforce qualifications, chemical spill management, and subcontractor compliance. Targe implemented standards to meet the requirements of lending institutions. The assignment included preparing a report and supervision procedures, establishing response time performance objectives, implementing a custom training program, and developing subcontractor training procedures to avoid contaminating marshes with chemical products.

  • Risk management
  • Implementation of a training program
  • Audit
  • Establishment of performance objectives
  • Hazardous materials spill response
  • Development of procedures and training for subcontractors

Results of Targe’s involvement

  • Financing secured
  • Social acceptance facilitated
  • Significant increase in operational efficiency
  • Management protected against liability (due diligence)
  • Correction of a major deficiency that could have resulted in death and the loss of millions of dollars in assets
  • Significant reduction in insurance premiums
  • Won a prestigious award: Ambatovy received the 2015 Green Star Award in the Prevention & Preparedness category for effectively preventing environmental emergencies and reducing disaster risk through removal of chemical hazards. http://www.ambatovy.com/docs/?p=12211#sthash.XvzKNmMk.dpuf

Stay safe. Minimize risk.

Targe is a world-class preferred partner specialized in protecting lives, property, and the environment. Find out how our risk management services can create value for your company.

Stay safe. Minimize risk.

Targe is a world-class preferred partner specialized in protecting lives, property, and the environment. Find out how our risk management services can create value for your company.