Malagasy shipments of Ambatovy mine operator Sherritt International will resume today after federal government confirmed that the company was except from paying a new cargo inspection and fee levy, and government issues orders allowing port operations to resume.
Sherritt, which owned a 40% interest and is the operator on Monday said Ambatovy did not register nor comply with the new $100 Advanced Cargo Declaration (ACD) levy placed on every container shipped through the country’s ports before the deadline, as it believed the Ambatovy operation to be regulated under the Madagascar’s Large Mining Investment Act (LMIA), which preceded the new levy.
