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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 BCsilveron Oct 16, 2017 3:42pm
119 Views
Post# 26818320

A Worsening Crisis in Congo

A Worsening Crisis in Congo

For the last two decades, fighting has plagued the eastern region of the Democratic Republic of Congo, resulting in 5.4 million deaths, rampant corruption, and one of the highest rates of sexual violence in the world. The instability has already spread beyond the east as a constitutional and electoral crisis propels the fragile situation toward a larger conflict, and it is now threatening to destabilize a mineral-rich area known as Katanga.

Katanga is home to 50 to 60 percent of the world’s reserves of cobalt, representing the largest global supply of the mineral, as well as significant quantities of copper, and a conflict there would seriously affect U.S., as well as European, national security. The Pentagon has identified cobalt and copper as “strategic and critical minerals” for the production of military planes, missile guidance systems, and other hardware. According to the U.S. Department of Defense, cobalt is a critical material because it used as a superalloy in military and commercial jet engines, and it is very difficult to substitute because of its very high heat resistance. As of 2014, 16 percent of the world’s cobalt was used in superalloys, five percent was used in magnets, and 42 percent was used in batteries, all of which are essential in military hardware as well as in hybrid and electric cars, commercial planes, and consumer electronics. The global commercial demand for cobalt is also increasing significantly, particularly for building batteries in hybrid and electric cars as well as an array of electronics products. Similarly, copper, which the National Mining Association says is the second most used mineral by the Department of Defense by weight, is also mined in Congo. It can be found in naval vessels, Coast Guard ships, and Air Force planes as well in military and commercial engines and motors of all sizes.

Should Katanga be destabilized, U.S. and European defense industries would be cut off from accessing these critical materials, the majority of which are trucked out of Katanga on one main road. That long road could quickly be disrupted by attacks on vehicles or even protests, cutting off major cobalt supplies for the U.S. and European militaries, auto manufacturers, and technology companies. As one official at a mining company operating in Congo told us, “The road from the mines in Kolwezi to Kasumbalesa [at the Zambian border] is the most vulnerable point. It’s too long to fully protect, so someone could ambush it at different places on different days, and the troops would be stretched too thin. That would really disrupt the trade because the mining companies would have to simply stop the trucks. And truck burning in Congo does happen frequently.”

https://desc-wondo.org/en/a-worsening-crisis-in-congo-john-prendergast-and-sasha-lezhnev/

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