Sherritt to recoup $260 million of outstanding debt from Cuban partners
Mining News Pro - Sherritt International has entered agreements with its Cuban partners to settle C$362 million ($260 million) of total outstanding receivables over five years, beginning January 1, 2023. The agreements, known as the “cobalt swap”, would allow the Moa joint venture in Cuba to prioritize dividend payments in the form of finished cobalt to each partner, and each partner’s share of these cobalt dividends will be redirected to Sherritt as debt repayment.
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Sherritt plans to expand Cuban nickel mine
Mining News Pro - Sherritt International (TSX: S) is making plans to expand production and lengthen the life of the Moa nickel-cobalt mine in Cuba. Moa is a joint venture of Sherritt (50%) and General Nickel Co. of Cuba (50%).
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Sherritt meets 2020 guidance, but shares fall
Mining News Pro - Sherritt International (TSX: S) on Monday reported its production results for full-year 2020, and also provided guidance for expected production, unit costs and capital spending in 2021.
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Sherritt shares jump on 50% bond haircut
Mining News Pro -Sherritt International announced Wednesday a proposed transaction designed to improve capital structure and reduce the beleaguered Canadian nickel miner’s debt by half.
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Detour Gold, Golden Star, Quaterra, Sherritt, and Taseko Mines
Mining News Pro - Patrice Merrin is the new chair of Detour Gold Corp. in Toronto. She is currently a director of Glencore plc, and has held numerous other executive and board positions in the resource sector.
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Cobalt price collapse hits Sherritt’s earnings
Mining News Pro - Investors dumped Nickel and cobalt miner Sherritt International’s (TSE: S) shares on Friday, after the company released first quarter earnings.
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Sherritt International reaches $3B pound nickel production milestone
Mining News Pro - Sherritt International`s stock was up Friday, after announcing the company had reached three billion pounds of finished nickel production since operations began at its refinery in Fort Saskatchewan, Alberta.
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Sherritt signs up for data security trial with Leonovus
Mining News Pro - Sherritt International has signed up for a trial of Leonovus’ data security software as the nickel and cobalt miner looks to support its evolving storage infrastructure.
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Canada`s Sherritt eyes nickel products for booming battery market
Mining News Agency - The rise of electric cars is spurring Sherritt International Corp (S.TO) to consider branching into producing the types of nickel most sought after by battery manufacturers, the chief executive of the Canadian company said on Monday.
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