Sherritt International today announced that all of the systems in the pressure acid leach area at the Ambatovy Joint Venture in Madagascar are either in operation or start-up. Of the key PAL process components, the slurry thickener, three ore leach autoclaves, neutralization circuit and countercurrent decantation (CCD) wash circuit are operable [...]
Sherritt is a world leader in the mining and refining of nickel from lateritic ores with projects and operations in Canada, Cuba, Indonesia and Madagascar. The Corporation is the largest coal producer in Canada and is the largest independent energy producer in Cuba, with extensive oil and power operations across the island. Sherritt licenses its [...]
Sherritt International has filed its Annual Information Form for the year ended December 31, 2011. Copies of the Annual Information Form and related filings may be obtained on SEDAR. Sherritt is a world leader in the mining and refining of nickel from lateritic ores with projects and operations in Canada, Cuba, Indonesia and Madagascar. The [...]
Sherritt International Corp. today reported fourth-quarter and year-ended 2011 results. Net earnings for fourth-quarter 2011 were $28.1 million, compared to net earnings of $42.7 million for fourth-quarter 2010. Net earnings for the year 2011 were $197.3 million compared to $144.8 million ($0.49 per share, basic) for the year 2010.
Sherritt announced today that its Board of Directors has approved a quarterly dividend, with respect to the first quarter of 2012, of $0.038 per common share, payable April 13, 2012 to shareholders of record as of the close of business on March 30. This regular dividend is an "eligible dividend" as defined in the Income Tax Act (Canada).
Sherritt International Corporation. An archive of the webcast will also be available on the website. The conference call will be available for replay until March 22, 2012 by calling 416-640-1917 or 1-877-289-8525, access code 4505432#.
Sherritt today announced changes to the leadership of its senior management team, effective February 1, 2012. Dean Chambers, currently Senior Vice President and Chief Operating Officer, has been appointed Executive Vice President, Development;
The Board of Directors of Sherritt takes pleasure in announcing the appointment of David V. Pathe as President and Chief Executive Officer of the Company and his election as a Director, effective January 1, 2012. Mr. Pathe has been with Sherritt since 2007 and has held several key executive positions in addition to his current role as CFO [...]
Sherritt announced today that its Board of Directors has approved a quarterly dividend, with respect to the fourth quarter of 2011, of $0.038 per common share, payable January 16, 2012 to shareholders of record as of the close of business on December 30, 2011. This regular dividend is an "eligible dividend" as defined in the Income Tax Act.
Sherritt announced today the completion of its offering of $400 million principal amount of 8% Senior Unsecured Debentures Series 1 due November 15, 2018, pursuant to a prospectus supplement dated October 28, 2011 to Sherritt's short form base shelf prospectus dated October 21, 2011. The net proceeds of $392 million (after agents' fees but before [...]
Sherritt today announced the pricing of its previously announced offering of seven-year Senior Unsecured Debentures. The Debentures will be in an aggregate principal amount of $400 million, will bear interest at a rate of 8% per annum and will mature on November 15, 2018. The offering is expected to close on November 2, 2011. The net proceeds of [...]
Sherritt today announced that it intends to offer, subject to market conditions, $300 million senior unsecured debentures. The Debentures will be offered through a syndicate of agents that is to be led by GMP Securities and National Bank Financial and will also include Scotia Capital. The interest rates and other terms of the Debentures are to be [...]
