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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

Post by CommonCents123on Oct 26, 2024 8:06pm
140 Views
Post# 36283699

HOW WILL SHERRITT BE IMPACTED

HOW WILL SHERRITT BE IMPACTEDA Breakdown of Cuba’s Grid Collapse and Recovery Efforts
Cuba is in the throes of a severe energy crisis, driven by fuel supply disruptions and compounded by obstacles in securing vital technologies and supplies needed to modernize and operate its aging power plants. The situation, exacerbated by U.S. sanctions, has left the nation’s energy system teetering. At the same time, the island nation is grappling with recovery efforts in the aftermath of Hurricane Oscar, which ravaged the eastern region, leaving seven dead and devastating infrastructure across four municipalities in Guantnamo province.
 
The country’s power grid collapsed on Friday, Oct. 18, due to the failure of one of the island’s largest thermal power plants—the 330-MW Antonio Guiteras thermoelectric plant in Matanzas province—hours after the island suffered its biggest power outage in two years on the night of Oct. 17. The Ministry of Energy and Mines (MINEM) reported in a message on X that the National Electric System (SEN) at 11 a.m. was “completely disconnected” following the unexpected shutdown of the oil-fired power plant.
 
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