The shipment starved Ambatovy nickel/cobalt-producing joint venture (JV) in Madagascar might be forced to shutter operations in less than a week, after incoming and outgoing shipments have been stranded at an east-coast port since early this month, after government imposed a new shipment levy.
Toronto-based Sherrit International, which is the operator and owned a 40% stake in the $8-billion Ambatovy mine, on Friday provided no update to a statement released on Tuesday by Ambatovy management on the critical situation at the operation.
