In alignment with national EIA regulations, and IFC performance standards on sustainability and the biodiversity conservation, Ambatovy and Qit Madagascar Mining have combined environmental and social impact assessments, a mitigation hierarchy and adaptive management to achieve “no net loss,” and preferably a net gain, for biodiversity.The mitigation hierarchy includes the processes of avoidance, minimization and restoration, with offsetting, to compensate for residual impacts.
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Coastal communities in southwest Madagascar depend on marine resources for income and food. Community-based aquaculture is showing promise as a way to diversify livelihoods for this region. A partnership developed in 2009 between conservation NGOs and a private sector seafood export company led to the creation of a mariculture project focusing on sea cucumbers (sandfish: Holothuria scabra) and red seaweed (cottonii: Kappaphycus alvarezii).