Sherritt International Corporation is a leading diversified resource company involved in the production of thermal coal, nickel, cobalt, oil, gas and electricity. It also licenses its proprietary technologies to service other mining companies. Sherritt’s success is built on 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 $8.8 billion asset base through expansion of its existing businesses, capital projects and strategic acquisitions.

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