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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

Comment by autofocus111on Nov 12, 2020 2:07pm
162 Views
Post# 31886275

RE:RE:thank you

RE:RE:thank youStratochief They screwed up big time on coal and oil ventures. At least Ambatovy aligned with the core metals business. As far as M&A, Russia's NILSY would be the only logical suitor for Cuba to partner with. The problem would be how to get around the issue of Sherritt being a Canadian firm with Canadian operations. Canada hates Russia so they would block any such move by NILSY. Plus NILSY already has world-class metals assets so doesn't really need the Cuban assets, plus they are on a multi-year multi-billion dollar overhaul to clean up and modernize (not that they couldn't afford to buy Sherritt if the wanted to). As far as the bondholders getting screwed, well you can thank Trump and his Cuba sanctions for that. 
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