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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 Rbmacon Jul 29, 2015 3:36pm
217 Views
Post# 23973110

RE:RE:cuba

RE:RE:cubaI'm curious how this is going to be handled. The onus is really with the Cuban government here, IMHO. My understanding is that the Cuban govt, decades back, had offered to compensate some US (foreign) companies based on the valuations the companies themselves had set for their assets. The companies had set them much lower than they were worth in order to lessen their tax bill (pre-revolution). So the US companies scoffed at what was offered - which is rather rich given what they did.  I would imagine that the US-Cuban negotiations must be dealing with this. 

In any case, I really question why Sherritt or any other company operating there now - save for State run/owned businesses - should have to get punished for this. The Cuban govt may just throw them all under the bus in an attempt to appease the US but really it is them that should compensate if compensation is required. In addition, knowing the way the US govt  tends to operate, or elements of it  (i.e. Helms Burton), they will try to punish existing companies in Cuba indirectly or directly in their attempts at getting what they see as reddress.
Bullboard Posts