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 proprietary technologies and provides metallurgical services to mining and refining operations worldwide. The Corporation’s common shares are listed on the Toronto Stock Exchange under the symbol “S”.

Ambatovy Nickel Project

The Ambatovy Project is a large-tonnage nickel and cobalt project located in Madagascar with annual production capacity estimated at 60,000 tonnes of nickel, 5,600 tonnes of cobalt and approximately 190,000 tonnes of ammonium sulphate; and an estimated Project life of 27 years. Sherritt, the project operator, has a 40% ownership position, Sumitomo and Korea Resources each have a 27.5% stake, and the project's engineering contractor, SNC-Lavalin, has a 5% interest