In 2004 and 2005 Phelps Dodge sold its interest in the project to Dynatec Mining Limited, a Canadian company.

[3][4] Sherritt International acquired Dynatec and later transferred majority control of the mine in a debt for equity swap to the Japanese Sumitomo Corporation.

[7] After running at a loss from 2014 to 2020, the mine became profitable in 2021, especially after a large increase in nickel prices due to the Russian invasion of Ukraine.

[9] In 2022 the company paid 44 million US$ (198 Billion ariary) in mining taxes & fees to the Malagasy government.

[3] The open pit mine displaced 1,600 hectares (4,000 acres) of rainforest and is connected by a 200 km long slurry pipeline to the processing plant at Toamasina, which has a 750-hectare (1,900-acre) area tailings dam constructed to contain and store waste (tailings) from plant operations.