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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

2019 STRATEGIC PRIORITIES

The table below lists Sherritt’s Strategic Priorities for 2019. As we execute on our 2019 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.

Strategic Priorities
2019 Actions
UPHOLD GLOBAL OPERATIONAL LEADERSHIP IN FINISHED NICKEL AND COBALT PRODUCTION FROM LATERITES

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 2018 results.

Capitalize on growing electric vehicle market by strengthening existing relationships with battery manufacturers.

Continue to pursue reductions in controllable costs towards the goal of being consistently in the lowest cash cost quartile.

Leverage technical innovation for the purposes of reducing operating costs and identifying new market opportunities.

PRESERVE LIQUIDITY AND BUILD BALANCE SHEET STRENGTH

Continue to emphasize de-leveraging of the balance sheet.

Optimize working capital and maximize Cuban energy receivables collection.

Maintain a leadership position as a low-cost producer of finished nickel and cobalt while maximizing free cash flow.

OPTIMIZE OPPORTUNITIES IN CUBAN ENERGY BUSINESS

Successfully execute on current Block 10 drilling

Review opportunities to leverage Oil and Gas experience and relationships

Continue to maintain strong relationships in Cuba.