Related Links

History of Sherritt


Sherritt achieves production test milestone (~90% of nameplate capacity measured over 90 days in a 100-day continuous period) and financial completion at Ambatovy.


Sherritt bondholders support a 3-year extension of maturities, and Ambatovy partner negotiations proceed around "40 for 12" issue.


Sherritt achieves commercial production at Ambatovy. Sherritt completes divestiture of coal business.


Quarterly Dividend increased to $0.043 per share in first-quarter 2013. Retirement of Ian W. Delaney, founding Chairman. Sherritt entered into agreements to sell its Coal operations for total consideration of $946 million to two separate companies. Sherritt announces it will no longer pursue the Sulawesi Nickel Project.


Production of finished nickel and cobalt commences at Ambatovy.


Construction at Ambatovy is completed.


Sherritt purchases remaining interest in Coal Valley Partnership in June. Quarterly dividend increased to $0.038 per share in fourth quarter 2010. Sherritt acquires controlling interest in the Sulawesi Nickel Project in Indonesia in December 2010.


150 MW power expansion at Boca de Jaruco commences. Sherritt suspends expansion activities due to global financial crisis. Sherritt acquires all outstanding units of Royal Utilities Income Fund in May 2008.


Sherritt acquires Dynatec Corporation, including a 40% ownership in the Ambatovy Nickel Project. Sherritt Technologies is formed, including the former Dynatec Metallurgical Technologies operations, to utilize and license the Corporations 50+ years of hydrometallurgical research, development and commercial process implementation.
65 MW power expansion completed.


Metals Enterprise expansion initiated at Moa, Cuba. 85 MW power expansion is completed and a new 65 MW expansion begins.


Sherritt Metals Fort Site celebrates 2 billion pounds cumulative nickel production. Two million tonne Coal Valley mine expansion announced; construction is completed the next year. A quarterly dividend is initialized, beginning with $0.25 per share.


Sherritt celebrates 50 years of operations at the Fort Saskatchewan refinery. Through its minority interest in Energas, Sherritt begins construction on an 85 MW expansion in Cuba.


Luscar Energy Partnership acquires the Canadian thermal coal assets of Fording Inc. Sherritt sells its interest in Cubacel.


Sherritt and a partner acquire Canada's largest coal producer, Luscar Ltd., creating the Luscar Energy Partnership.


Sherritt creates Sherritt Power Corporation which constructs and operates power-generating facilities in Cuba through a one-third ownership in Energas SA. Sherritt purchases 37.5% of the company operating Cubacel, the cellular telephone operator in Cuba.


Sherritt acquires Dynatec International Ltd. and merges it with Sherritt’s metallurgical consulting business, creating Dynatec Corporation which is spun out as a separate public company.


Sherritt Inc. changes its name to Viridian Inc. to reflect its core fertilizer business. Viridian is then acquired by Agrium Inc.


Sherritt Inc. creates Sherritt International Corporation, an independent Canadian public company, to hold the nickel business.


Sherritt acquires fertilizer assets from Imperial Oil Limited and becomes the largest producer of nitrogen and phosphate fertilizers in Canada and one of the largest fertilizer producers in the world. Sherritt extends its nickel and cobalt refining business into a vertically integrated mining/refining business in a 50:50 joint venture with General Nickel S.A. of Cuba.


Sherritt Gordon Limited renamed Sherritt Inc. Sherritt completes an extensive refurbishment and expansion of its Fort Saskatchewan nickel and cobalt refinery to allow efficient processing of a significant new feed source, mixed sulphides from Moa Nickel.


Sherritt acquires Canada Northwest Energy Limited (CNW), a Calgary-based producer of oil and natural gas.


The Fort Saskatchewan refinery is temporarily shut down due to lack of feedstock. Ian W. Delaney leads a successful proxy contest for control of Sherritt.


Aureate-bonded nickel coinage plant opens, contracted to supply Canadian “loonie” dollar coin blanks. Sherritt acquires United Chemical Company.


Metals refinery celebrates 1 billion pounds cumulative nickel production. The Surigao nickel refinery is officially closed.


Sherritt presents the City of Fort Saskatchewan with a clock tower to celebrate 25 years of operation. Sherritt begins production of cobalt-samarium powder for rare earth magnets.


Closure of the Lynn Lake Mine. Sherritt’s nickel refinery becomes a toll processor. Purchase of Thio-Pet Chemicals, a producer of hydrogen sulphide used in the Fort Saskatchewan refinery. Sherritt begins producing nickel-bonded steel coinage products and ultra-fine cobalt powder.


Production of refined nickel from the Marinduque-Sherritt-owned Surigao nickel laterite project on Dinagat Island in the Philippines, under license from Sherritt. This is the first commercial production of refined nickel directly from laterite ores.


Sherritt licenses its ammonia pressure leach process for nickel concentrates and mattes to Western Mining Corp (Australia), and its acid pressure leaching process for PGM-bearing nickel-copper mattes to Impala Platinum (South Africa). Sherritt starts pilot testing its laterite leach process for the Marinduque project (Philiippines).


Sherritt licenses its process for acid pressure leaching of nickel-cobalt sulphides to Outokumpo (Finland).


Sherritt develops a coinage business, starting with shipments of nickel blanks from Fort Saskatchewan’s Rolling Mill to the Royal Canadian Mint. Within a decade, the Rolling Mill will be producing coin blanks for multiple countries as well as commemorative medallions. Sherritt conducts its first external technologies project, developing a nickel process for Marinduque Iron Mines (Philippines).


Sherritt buys hydrometallurgical technology patents from Chemical Construction, including those used in the Moa facility then under construction.


Sherritt research division transferred from Ottawa to Fort Saskatchewan; pilot plant equipment was transferred to form the basis of a cobalt refinery. Inland Chemicals builds a 100 t/d sulphuric acid plant to supply the Fort Saskatchewan refinery.


Construction and startup of the nickel refinery including byproduct fertilizer was completed at Fort Saskatchewan.


Construction begins on the refinery at Fort Saskatchewan, AB. The location is chosen due to abundant supplies of water and natural gas, required to make the ammonia for the refinery, and its location on the CNR line.


UBC discovers a direct ammonia leach method that had the potential to simplify the processing of nickel concentrates.


Sherritt initiates funding to the UBC to experiment with hydrometallurgical techniques for ore processing.


First significant discovery of nickel at Lynn Lake.


Sherridon mine production begins shipping copper concentrate to the new Hudson Bay copper smelter.


Sherritt Gordon Mines Limited is incorporated to develop resources, principally base metals.