Sherritt today provides a production update following the announcement made November 23, 2016. Finished nickel production for the year is now expected to be in the range of 32,500 - 33,000 tonnes compared to the original guidance of 33,500 - 34,500 tonnes. Finished cobalt production is expected to be unchanged, as higher volumes of third party feed [...]
Sherritt regrets to announce the deaths of four Moa Joint Venture ("JV") employees, who were working on repairing a municipal bridge when the bridge collapsed yesterday afternoon. David Pathe, Sherritt International President and CEO, said, "We are deeply shocked and saddened by this event. Our Moa JV had a safety record of a decade without a [...]
Sherritt today reported its financial results for the three and nine months ended September 30, 2016. "The nickel and oil price rally and strong Cuban energy receipts contributed to a $33 million increase in our ending cash balance since last quarter. We concluded September with $345 million, even after cash consent fees and other transaction [...]
An archive of the webcast will also be available on the website. The conference call will be available for replay until October 30, 2016 by calling 647-436-0148 or 1-888-203-1112, access code 5561051#. The webcast along with the presentation slides will be available on Sherritt's website.
Sherritt announced today that the Moa Joint Venture mine and High Pressure Acid Leach operations in eastern Cuba have resumed operations with minimal damage after Hurricane Matthew. Hurricane Matthew was a Category 4 storm when it swept across eastern Cuba late on Monday, October 3 and all day Tuesday before departing the night of Wednesday [...]
Sherrittn is pleased to announce the release of its 2015 sustainability report. The report outlines Sherritt's approach and commitment to sustainability for the period between Jan. 1 and Dec. 31, 2015. The report, which aligns with the Global Reporting Initiative's G4 Guidelines, is only available online at sustainability.sherritt.com. "For [...]
Sherritt International is pleased to announce that the Ambatovy Joint Venture Financing lenders have agreed to six principal payment deferrals totaling US$565 million starting with the semi-annual principal payment due June 15, 2016. This agreement between the Project Lenders, the Ambatovy Joint Venture as borrower, and Ambatovy Joint Venture [...]
Sherritt International is pleased to announce that the previously announced 3-year extension of the maturity dates in respect of Sherritt's $720 million of outstanding senior unsecured debentures was completed effective today upon implementation of a plan of arrangement under the Canada Business Corporations Act. As a result of the Extension, the [...]
Sherritt is pleased to announce that it has obtained a final court order from the Ontario Superior Court of Justice approving the plan of arrangement under the Canada Business Corporations Act pursuant to which the previously announced 3-year extension of the maturity dates in respect of Sherritt's $720 million of outstanding senior unsecured [...]
Sherritt today announced the commencement of a 14 day shutdown at the Ambatovy Joint Venture, bringing forward activity originally intended to be performed in August. A blockage in the tailings pipe was the main driver in the decision to accelerate the shutdown, as the process of emptying the pipe and addressing the associated causes and repairs [...]
Sherritt announced today that the Ontario Superior Court of Justice has issued an interim order authorizing, among other things, the holding of a meeting of the holders of Sherritt's $720 million of outstanding senior unsecured debentures at which the Noteholders will be asked to approve the previously announced proposed plan of arrangement under [...]
Sherritt announced today that June 15, 2016 is expected to be the record date for holders of Sherritt's $720 million of outstanding senior unsecured debentures to vote upon and be entitled to receive early consent consideration in connection with the proposed three-year extension of the maturity dates for each of Sherritt's three series of Notes [...]