Sherritt International Corp T.S

Alternate Symbol(s): SHERF

Metals & Mining Industrial Metals & Minerals

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.

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Sherritt International Corp > Nickel Trading Shenanigans!

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Comment by rkhoslaon Mar 22, 2021 3:48pm

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Post# 32851898

RE:Nickel Trading Shenanigans!

That's nothing. Recall this $300mil Nickel fraud - forging antequated paper contracts: https://www.amm.com/pdf/AMM%20Special%20Projects/Warehousing_Dec2017.pdf

Contrarian333 wrote:

Singapore charges Envy director over nickel trading fraud - police

Reuters Monday March 22, 2021 11:24

:

SINGAPORE, March 22 (Reuters) - A director of commodity trader Envy Global Trading Pte Ltd and Envy Asset Management Pte Ltd, Ng Yu Zhi, has been charged in a Singapore court in relation to an alleged fraud involving nickel trading, the police said on Monday.

Ng is facing two counts of cheating for allegedly deceiving two parties into paying at least S$48 million ($36 million) to Envy Global in connection with its forward contracts for the sale of nickel, when no such contracts existed.

A separate statement from the central bank named the parties as fund manager Envysion Wealth Management and its founder and chief executive Shim Wai Han. Ng also faces two counts of fraudulent trading, the police said.

Envy Global Trading and Envy Asset Management are believed to have raised at least S$1 billion from investors to purportedly finance nickel trading activities between October 2017 and February 2021, the police said. A media representative for Envy Global Trading did not respond to a request for comment, while Reuters was unable to reach Ng. Envy Asset Management was a firm restructured into Envy Global Trading in June 2020, and is now inactive.