Sherritt International Corp.

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 thermal coal producer in Canada and is the largest independent energy producer in Cuba, with extensive oil and power operations on the island. Sherritt licenses its proprietary technologies and provides metallurgical services to mining [...]

Sherritt today announced that commercial production has been achieved at the Ambatovy nickel operations in Madagascar. "Bringing Ambatovy to commercial status is a key milestone in its development as a long-life, low-cost producer of finished nickel and finished cobalt," said David Pathe, President and CEO of Sherritt. "I want to thank all of the employees who have worked diligently and safely to achieve this major [...]

Sherritt announced today that it has selected May 6, 2014 as the date for Sherritt's annual and special meeting of shareholders. The record date for determining shareholders entitled to vote at the meeting has been set as March 18, 2014. Sherritt will provide further information about the meeting in a management information circular that will be mailed to shareholders and posted to the Corporation's website and SEDAR. On [...]

The Board of Directors of Sherritt announced today that it has received a requisition pursuant to section 105 of Business Corporations Act. The requisition requests a special meeting of Sherritt's shareholders be called to consider removing from office certain of the independent directors of Sherritt currently in place, and electing nominees submitted by the requisitioning shareholders. The Board of Directors of Sherritt [...]

Sherritt today announced it is divesting its coal business for total consideration of $946 million. A group led by Altius Minerals Corp., will acquire Sherritt's entire royalty portfolio and its interest in coal development assets for cash consideration of $481 million, subject to closing adjustments. Westmoreland Coal Company ("Westmoreland") will acquire Sherritt's operating coal assets, currently described as the [...]

Sherritt International today announced the appointment of Ms. Lisa Pankratz, CPA, FCA, CFA as Director, effective immediately. Ms. Pankratz has over 28 years experience in the investment industry and capital markets in both executive and advisory capacities working with multinational and international companies. For over 12 years, she has also served as a board member of corporations in the financial services and global [...]

Sherritt announced today that its Board of Directors has approved a quarterly dividend, with respect to the fourth quarter of 2013, of $0.043 per common share, payable January 14, 2014 to shareholders of record as of the close of business on December 31, 2013. This regular dividend is an "eligible dividend" as defined in the Income Tax Act (Canada).

Sherritt today reported earnings of $1.1 million ($0.00 per share, basic), compared to a net loss of $22.6 million ($0.08 per share, basic) for third-quarter 2012. Earnings were higher quarter-over-quarter largely as a result of the impact of changes in the Ambatovy call option (a $11.2 million non-cash gain in third-quarter 2013 compared to a $3.2 million non-cash loss in third-quarter 2012), a $27.0 million expense in [...]

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 thermal coal producer in Canada and is the largest independent energy producer in Cuba, with extensive oil and power operations on the island. Sherritt licenses its proprietary technologies and provides metallurgical services to mining [...]

Sherritt announced today that its Board of Directors has approved a quarterly dividend, with respect to the third quarter of 2013, of $0.043 per common share, payable October 15, 2013 to shareholders of record as of the close of business on September 30, 2013. This regular dividend is an "eligible dividend" as defined in the Income Tax Act (Canada).