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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 through hydrometallurgical processes. 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. 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 Company’s 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

Bullboard Posts
Comment by jd1655on Aug 01, 2006 12:42pm
343 Views
Post# 11172373

RE: El Presidente

RE: El PresidenteThe question is a good one. Answer: depends Will post Castro Cuba continue its present political ideology which will be enough for the embargo to continue? The embargo sort of helps S because they don't have to compete with Anerican companies and all the others who choose not to do business in Cuba for fear of black listing. Maybe a more open Cuba would get in the way on Sherrit's somewhat 'monopolistic' operations as more players enter the fold. I assume agreements with the Cuban gov't would remain the same, but could Sherrit lose its rights to mining and oil with a regime change? I'd say Sherrit probably has had a great deal of success with their 'communist' Cuba operations, so if it ain't broken, fixing it might ruin a good thing. But then again the joint ventures they are in with the government may have a chance of becoming more Sherrit controlled in a country with less government grip. Alot of IFs I can't see Cuba's government control of resources going away. It is fashionably to nationalize or heavily tax foreign companies in Latin America these days, so I can't see Cuba of all nations doing an about face--Castro or no Castro. In the end, I think it may not make much of a difference for Sherrit, but you never know. But I imagine Sherrit has been preparing for this day for a long time and that they have some idea what might happen.
Bullboard Posts