Sherritt International Corporation is a diversified resource company involved in the production of nickel, cobalt, oil and electricity, and the development of coal as an energy resource. Its success is built upon utilizing innovative technologies and the breadth of its financial and operational expertise to increase productivity and profitability. Sherritt continues to explore opportunities to grow its $3.8 billion asset base through expansion of its existing businesses and strategic acquisitions.

Ambatovy Nickel Project

With the acquisition in June 2007 of Dynatec, Sherritt’s Metals business unit now includes Ambatovy Nickel Project in Madagascar.   The Ambatovy mine site is located 80 kilometers east of Antananarivo, the capital of Madagascar, and lies within a few kilometers of the main road and rail system connecting Antananarivo and the main port city of Toamasina on the east coast. The Project will consist of an open-pit mining operation and an ore preparation plant at the mine site. The slurried laterite ore will then be delivered via pipeline to a process plant and refinery located a few kilometers from the Port of Toamasina