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About Us

Sherritt is one of the world’s largest producers of nickel from lateritic sources with operations in Canada, Cuba and Madagascar. We pride ourselves on being a leading low-cost producer that generates sustainable prosperity for our employees, investors and the communities in which we operate. We are also the largest independent energy producer in Cuba, with extensive oil and power operations across the island.

Moa Joint Venture Metal Refinery at Night, Fort Saskatchewan, Alberta Flags, Moa Joint Venture, Cuba ( Cuba Puerto Escondido) Close-up of Ore Truck, Moa Joint Venture, Cuba

STRATEGIC PRIORITIES 2017

The table below lists Sherritt’s strategic priorities for 2016. The 2016 Strategic Priorities reflect the continuing depressed commodity outlook and the Corporation’s responsibility to preserve liquidity, continue to drive down costs, and execute rational capital allocation plans. Sherritt’s purpose, originally communicated in 2014, continues to be a low-cost nickel producer that creates sustainable prosperity for our employees, investors and communities.

UPHOLD GLOBAL OPERATIONAL LEADERSHIP IN FINISHED NICKEL PRODUCTION FROM LATERITE

2017 Targets
  • Further reduce NDCC at Moa and Ambatovy towards the goal of achieving or remaining in the lowest quartile of global nickel cash costs
  • Increase Ambatovy production and predictability over 2017
  • Achieve peer leading performance in environmental, health, safety and sustainability

OPTIMIZE OPPORTUNITIES IN CUBAN ENERGY BUSINESS

2017 Targets
  • Determine future capital allocation based on results from first two wells to be drilled on Block 10

PRESERVE LIQUIDITY AND BUILD BALANCE SHEET STRENGTH

2017 Targets
  • Finalize long-term Ambatovy equity and funding structure
  • Optimize working capital and receivables collection
  • Operate Metals and Power businesses to be free cash flow neutral or better