en.Wedoany.com Reported - Madagascar-based mining company Ambatovy plans to produce 2,500 metric tonnes of nickel in June, having resumed operations after being hit by a cyclone in February.
Ambatovy added that cobalt production is expected to be around 250 tonnes this month. The company's CEO, Trevor Naidoo, stated on social media that the company restarted one acid plant on May 23 and plans to start a second acid plant by the end of June.
He further explained that existing shareholders, Korea Mine Rehabilitation and Mineral Resources Corporation (KOMIR) and Japanese trading company Sumitomo Corporation, provided funding for Ambatovy's post-cyclone reconstruction. Sumitomo sold its 54% stake to a group of investors in May. Ambatovy produces nickel and cobalt briquettes, with 2025 output of approximately 29,000 tonnes of nickel and 2,700 tonnes of cobalt.
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