Sherritt today announces an extension to the waiver preventing Sherritt from becoming a defaulting shareholder for non-funding under the terms of the Shareholders Agreement between Sherritt and its Ambatovy Joint Venture partners, Sumitomo Corporation and Korea Resources Corporation. By agreement amongst the partners, the waiver has been extended [...]
Sherritt International the world leader in the mining and refining of nickel from lateritic ores, today reported its financial results for the year ended December 31, 2016. "This year was about sticking to our strategic priority of liquidity preservation, negotiating a three-year extension of maturities on our public debentures and entering into an [...]
Sherritt today announces its metals, oil & gas, and power production results for 2016 and 2017 guidance as follows: Nickel production is forecast to increase in 2017, especially in the Ambatovy Joint Venture where full year production rates are expected to be in line with fourth quarter 2016 performance. 2016 Unit Operating Costs and capital [...]
An archive of the webcast will also be available on the website. The conference call will be available for replay until February 22, 2017 by calling 647-436-0148 or 1-888-203-1112, access code 3172353#. The webcast along with the presentation slides will be available on Sherritt's website.
Sherritt today announces an extension to the waiver preventing Sherritt from becoming a defaulting shareholder for non-funding under the terms of the Shareholders Agreement between Sherritt and its Ambatovy Joint Venture partners, Sumitomo Corporation and Korea Resources Corporation. By agreement amongst the partners, the waiver has been extended [...]
Sherritt is pleased to announce the appointment of Andrew Snowden as Senior Vice President & Chief Financial Officer effective January 1, 2017. Dean Chambers will remain as Executive Vice President to ensure a smooth transition prior to retiring from the company on March 31, 2017. Andrew will be based in Toronto and will provide leadership in all [...]
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 [...]
