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Sandile Zungu's Ambatovy nickel mine restarts after shutdown

Madagascar's Ambatovy nickel and cobalt mine has restarted production after a four-month shutdown caused by damage from Cyclone Gezani, the operation confirmed this week, marking the first significant operational milestone since South African billionaire Sandile Zungu's investment firm joined a consortium to acquire majority control of the mine from Japan's Sumitomo Corporation.The mine expects to produce 2,500 tons of nickel and 250 tons of cob…
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Billionaires.Africa broke the news on Friday, June 12, 2026.
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