Sherritt

Sherritt International Corporation

Type	Public
Traded as	: S
Industry	Mining, Oil and Gas
Founded	1927
Headquarters	Toronto, Ontario Canada
Key people	Harold Stephen, Chairman; David Pathe, President & CEO
Products	nickel, cobalt, oil, gas, power, fertilizer
Revenue	$1.136 billion CAD (2014)
Number of employees	7,670 (2011)
Website	www.sherritt.com

Sherritt International is a Canadian resource company, based in Toronto, Ontario. The company's business interests include nickel and cobalt mining, oil and gas exploration and production, and electricity generation. Sherritt is one of the largest foreign investors in Cuba.

Sherritt has most of its profit coming from mining operations. Sherritt licenses its proprietary technologies and provides metallurgical services to mining and refining operations worldwide. The company has a portfolio of mineral rights on which it earns royalties from the production of potash and other minerals.

The company has nickel laterite mines in Moa, Cuba and near Moramanga, Madagascar. Sherritt has metal refineries in Fort Saskatchewan, Alberta, Canada and in Toamasina, Madagascar. Sherritt produces nickel, cobalt, ammonia, sulphuric acid, and ammonium sulphate at its Fort Saskatchewan facility.

The nickel and cobalt mining operations at the Ambatovy mine in Madagascar began production in second quarter 2012 and the Ambatovy project received its export permit in Q3 2012. Sherritt holds 40% ownership of the project. Sherrit's partners in the project are Japan's Sumitomo Corporation and the Korea Investment Corporation. The Ambatovy project is an integrated production system encompassing all stages from mining to refinery in the same country. The Ambatovy venture has two nickel deposits located near Moramanga, Madagascar. The ore from these deposits is delivered via pipeline to a processing plant and refinery located near the Port of Toamasina.