Tycoon Sandile Zungu's Madagascar nickel mine is back in production after a cyclone knocked it out for four months
Billionaires Africa | 12.06.2026 23:26
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.
