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 [...]
Sherritt announced today that it has entered into consent and support agreements with institutional holders of approximately 44% of Sherritt's $720 million of outstanding senior unsecured debentures. The Support Agreements contemplate a proposed extension of the maturity dates under each of Sherritt's three series of Notes by three years as [...]
Sherritt International regrets to report the death of an employee of a contractor who was exposed to a release of hydrogen sulphide (H2S) gas in the pressure acid leach (PAL) plant at the Ambatovy Joint Venture. The gas release affected three employees of a contractor who were working in the area. One employee was critically injured and passed away [...]
Sherritt International Corporation ("Sherritt" or the "Corporation") (TSX: S), a world leader in the mining and refining of nickel from lateritic ores and the largest independent energy producer in Cuba, today reported its financial results for the fourth quarter and full year ended December 31, 2014.
"Considerable progress has been made against [...]
Sherritt announced today that its Board of Directors has approved a quarterly dividend, with respect to the first quarter of 2015, of $0.01 per common share, payable April 14, 2015 to shareholders of record as of the close of business on March 31, 2015. This regular dividend is an "eligible dividend" as defined in the Income Tax Act (Canada).
Sherritt International Corporation announced today the January 2015 operational results for the Ambatovy Joint Venture. Operating results attributable to Sherritt at a 40% ownership basis are summarized in the following table:
Sherritt is a world leader in the mining and refining of nickel from lateritic ores with operations in Canada, Cuba and Madagascar. The Corporation is the largest independent energy producer in Cuba, with extensive oil and power operations across the island. Sherritt licenses its proprietary technologies and provides metallurgical services to [...]
