Sherritt International Corporation
-
NICKEL: SNC-Lavalin to sell Ambatovy share for $600M
MADAGASCAR – SNC-Lavlin of Montreal has elected to sell its 5% share in the Ambatovy laterite nickel joint venture to Sumitomo Corp. for $600 million. Sumitomo will now enjoy a 32.5% interest in the project. The balance is held by…
-
Sherritt moves to protect liquidity
Sherritt International’s (TSX: S) president and CEO David Pathe did not mince words when he said the firm must take action to protect its balance sheet in order to withstand lower commodity prices at a time when “more than 60% of global…
-
NICKEL: Second fatality at Ambatovy this year
MADAGASCAR – Sherritt International Corp. has reported a second death this year at the Ambatovy joint venture. The most recent incident occurred on May 16, 2015. An ore stockpile failure occurred, and the loose material completely buried…
-
NICKEL: Sherritt wins Syncrude sustainable development award
TORONTO – Sherritt International is the recipient of the 2015 Syncrude Award for Excellence in Sustainable Development. The prize recognizes the company’s sustainability work at the Ambatovy nickel joint venture in Madagascar.
-
MINING PEOPLE: Agnico Eagle, Denison, Int’l Tower Hill, Sherritt, and True Gold
Ammar Al-Joundi is rejoining Toronto-based Agnico Eagle Mines as president, effective April 6, 2015. He was formerly the CFO and senior executive VP of Barrick Gold, and prior to that he was Agnico ‘s CFO. Sean Boyd’s title will change to…
-
NICKEL: Ambatovy boosts Sherritt bottom line
TORONTO – Sherritt International registered a combined revenue figure for 2014 of $1.14 billion, due in part to the 47% increase in nickel production from the Ambatovy project in Madagascar. Sherritt’s share of production (40%) was 14,821…
-
Sherritt surges as Obama ends US isolation of Cuba
U.S. President Barack Obama’s call for a “new approach” in Washington’s relationship with Cuba, including the establishment of diplomatic relations and an easing of economic and travel restrictions, lifted the shares of Sherritt…
-
NICKEL: Sherritt wins sustainable business award for Ambatovy project
MADAGASCAR – Sherritt International Corp. of Toronto has won the Nedbank Capital Sustainable Business Award in the resources and non-renewable energy category for its biodiversity program at the Ambatovy nickel joint venture. The company…
-
NICKEL: Despite record Q3 production, Sherritt cuts head office staff
TORONTO – Sherritt International has restructured and cut approximately 10% of its salaried workforce, excluding Ambatovy. As part of the plan the number of employees in the head office has been reduced by approximately 25% and cuts were…
-
AWARDS: BBA engineers a better Canada at Detour Lake
OTTAWA – Twenty-one Canadian consulting engineering firms received the highest recognition last week at the 2014 Canadian Consulting Engineering Awards Gala. The awards, which are presented jointly by the Association of Consulting…
-
COMMENT: World’s most controversial mining projects
Any organization who circulates a list with the title “Report on Top 10 Most Controversial Mining Projects” is opening itself up for objections. But that is exactly what RepRisk of Zurich, Switzerland, has published.
-
Top 40: Not Much has Changed
This is the time of year we at CMJ pause to examine how Canada’s mining companies performed during the previous year. We start by poring through year-end 2013 results from twice as many companies as will make the list in an effort not to…