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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 2018

The table below lists Sherritt’s Strategic Priorities for 2018. As we execute on our 2018 Strategic Priorities, protecting the health and safety of our employees, contractors and communities will continue to be our top priority. Sherritt’s purpose is to be a leader in the low-cost production of finished nickel and cobalt that creates sustainable prosperity for our employees, investors and communities

PRESERVE LIQUIDITY AND BUILD BALANCE SHEET STRENGTH

Strategic Priorities
  • 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
2018 Actions
  • Successfully execute Block 10 drilling program
  • Review opportunities to leverage Oil and Gas experience and relationships
  • Continue to maintain strong relationships in Cuba

OPTIMIZE OPPORTUNITIES IN CUBAN ENERGY BUSINESS

Strategic Priorities
  • Determine future capital allocation based on results from first two wells drilled on Block 10
2018 Actions
  • The results from the first well have provided constructive data to optimize the drilling of the second well, again targeting the Lower Veloz formation. Drill results from the second well are expected in Q4 2017.

UPHOLD GLOBAL OPERATIONAL LEADERSHIP IN FINISHED NICKEL PRODUCTION FROM LATERITES

Strategic Priorities
  • 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 2016
  • Achieve peer leading performance in environmental, health, safety and sustainability
2018 Actions
  • Protect the health and safety of all employees in all operations
  • Achieve peer-leading performance in environmental, health, safety and sustainability
  • Maximize production of finished nickel and cobalt and improve predictability over 2017 results
  • Continue to maintain strong relationships with battery manufacturers
  • Further reduce NDCC towards the goal of being consistently in the lowest cost quartile
  • Leverage technical innovation for the purposes of reducing operating costs and identifying new market opportunities