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Sherritt International Corp T.S

Alternate Symbol(s):  SHERF

Sherritt International Corporation is a Canada-based company engaged in the mining and refining of nickel and cobalt metals essential for the adoption of electric vehicles. The Company is engaged in the production of high purity nickel and cobalt metals from lateritic ore. Its technologies group creates solutions for oil and mining companies around the world to improve environmental performance. It is also the independent energy producer in Cuba. The Company offers a range of products including Nickel, Cobalt, Fertilizers and Other Products. The Nickel products category includes standard grade, steel grade, and nickel powders. The Cobalt products category includes cobalt briquettes and cobalt powders. The Fertilizers product category includes anhydrous ammonia, granular ammonium sulfate, crystalline ammonium sulfate-super salt, and crystalline ammonium sulfate-standard grade. The Other products category includes sulfuric acid, zinc sulfide, and copper sulfide.


TSX:S - Post by User

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Post by goldishon Apr 14, 2009 3:28pm
497 Views
Post# 15917171

shares jump as U.S. eases Cuba curbs

shares jump as U.S. eases Cuba curbs

UPDATE 1-Sherritt shares jump as U.S. eases Cuba curbs

Mon Apr 13, 2009 2:54pm EDT

TORONTO, April 13 (Reuters) - Shares of Canadian mining and energy company Sherritt International (S.TO) rose 17.6 percent on Monday, after reports that the U.S. government plans to ease some of its restrictions that curb investments in Cuba.

"Every time (there has been a rumor) that Castro has died, which has been half a dozen times in the last 10 or 15 years, Sherritt's shares go up about 3 percent, so clearly the market thinks that an easing of U.S. restrictions on Cuba is good for Sherritt," said Salman Partners analyst Raymond Goldie.

"What's backing that up is ... that Sherritt may find buyers for some of their Cuban assets, particularly the oil and gas ones," added Goldie.

Sherritt shares rose 57 cents to C$3.80 on the Toronto Stock Exchange on Monday afternoon.

U.S. President Barack Obama plans to allow U.S. telecommunications companies to apply for licenses in Cuba, under a policy shift to be unveiled later on Monday, a U.S. official said.

The easing of long-standing commercial restrictions will be part of Obama's announcement that he is lifting some U.S. limits to allow Cuban-Americans to travel more freely to the communist-ruled island and increase financial help to family members.

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