Sherritt International Corp.

An archive of the webcast will also be available on the website. The conference call will be available for replay until November 30, 2012 by calling 416-640-1917 or 1-877-289-8525, access code 4567346#.

Sherritt announced today the completion of its offering of $500 million principal amount of 7.5% Senior Unsecured Debentures Series 2 due September 24, 2020, pursuant to a prospectus supplement dated September 19, 2012 to Sherritt's short form base shelf prospectus dated August 24, 2012. The net proceeds of approximately $490 million (after agents' fees but before deduction of expenses) will be used to fund the redemption [...]

Sherritt today announced the pricing of its previously announced offering of 8-year Senior Unsecured Debentures. The Debentures will be in an aggregate principal amount of $500 million, will bear interest at a rate of 7.50 % per annum and will mature on September 24, 2020. The offering is expected to close on September 24, 2012. The net proceeds of the offering will be used to fund the redemption of all of the $225 [...]

Sherritt International today announced that it intends to offer, subject to market conditions, $400 million senior unsecured debentures ("the Debentures"). The Debentures will be offered through a syndicate of agents that is to be led by National Bank Financial and Scotiabank and will also include GMP Securities, CIBC World Markets and TD Securities.

Sherritt today announced that the Ambatovy Joint Venture in Madagascar has received a six-month authorization to commercially operate the processing plant in Toamasina, Madagascar, during which time the Government of Madagascar intends to continue its review of the project. At the end of the six-month period, the authorization is to convert to a life-of-mine Operating Permit. Ambatovy did not curtail commissioning and [...]

TORONTO, ONTARIO -- (Marketwire) -- 09/12/12 -- NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Sherritt International Corporation ("Sherritt") (TSX: S) announced today that its Board of Directors has approved a quarterly dividend, with respect to the third quarter of 2012, of $0.038 per common share, payable October 12, 2012 to shareholders of record as of the close of [...]

Net earnings for second-quarter 2012 were $40.8 million ($0.14 per share, basic), compared to net earnings of $60.1 million ($0.20 per share, basic) for second-quarter 2011. Lower revenue resulted primarily from lower nickel prices and lower export thermal coal sales volumes. Net earnings were also affected by higher depreciation (primarily resulting from higher plant, property and equipment balances), higher net finance [...]

Sherritt International Corporation An archive of the webcast will also be available on the website. The conference call will be available for replay until August 24, 2012 by calling 416-640-1917 or 1-877-289-8525, access code 4548759#.

Sherritt International Corporation announced today that its Board of Directors has approved a quarterly dividend, with respect to the second quarter of 2012, of $0.038 per common share, payable July 13, 2012 to shareholders of record as of the close of business on June 29, 2012. This regular dividend is an "eligible dividend" as defined in the Income Tax Act (Canada).

Net earnings for first-quarter 2012 were $32.3 million ($0.11 per share, basic), compared to net earnings of $63.6 million ($0.22 per share, basic) for first-quarter 2011. Lower revenue, higher input commodity prices, and higher net financing expense were the primary factors in the decrease. Lower revenue resulted primarily from lower nickel prices (partially offset by higher oil prices and foreign exchange fluctuations).