Sherritt International
Overview
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
energy
Energy
In physics, energy is an indirectly observed quantity. It is often understood as the ability a physical system has to do work on other physical systems...
company, based in Toronto, Ontario. It is involved in nickel
Nickel
Nickel is a chemical element with the chemical symbol Ni and atomic number 28. It is a silvery-white lustrous metal with a slight golden tinge. Nickel belongs to the transition metals and is hard and ductile...
and cobalt
Cobalt
Cobalt is a chemical element with symbol Co and atomic number 27. It is found naturally only in chemically combined form. The free element, produced by reductive smelting, is a hard, lustrous, silver-gray metal....
mining, thermal coal production, oil and gas exploration and production
Downstream
-Science:* In geography, away from the source of a stream or river* In meteorology, away from the source of an air parcel or mass, along the normal direction of water or air flow* Downstream , in computer or telecommunications networks...
, and electricity
Electricity
Electricity is a general term encompassing a variety of phenomena resulting from the presence and flow of electric charge. These include many easily recognizable phenomena, such as lightning, static electricity, and the flow of electrical current in an electrical wire...
generation. Sherritt is one of the largest foreign investors in Cuba
Cuba
The Republic of Cuba is an island nation in the Caribbean. The nation of Cuba consists of the main island of Cuba, the Isla de la Juventud, and several archipelagos. Havana is the largest city in Cuba and the country's capital. Santiago de Cuba is the second largest city...
, and the Canadian company with the largest business interests there.
Sherritt has most of its profit coming from mining
Mining
Mining is the extraction of valuable minerals or other geological materials from the earth, from an ore body, vein or seam. The term also includes the removal of soil. Materials recovered by mining include base metals, precious metals, iron, uranium, coal, diamonds, limestone, oil shale, rock...
operations (40%), with mines in Moa, Cuba
Moa, Cuba
Moa is a municipality and city in the Holguín Province of Cuba.Large nickel deposits located in the Moa area are exploited in part by joint ventures with the Canadian company Sherritt International.-Demographics:...
, and a metal refinery in Fort Saskatchewan, Alberta
Alberta
Alberta is a province of Canada. It had an estimated population of 3.7 million in 2010 making it the most populous of Canada's three prairie provinces...
, Canada
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
.
Sherritt coal revenue is derived from its 50% holding of Luscar Energy Partnership.
Nickel mining operations at the Ambatovy, Madagascar, are expected to begin production by first quarter 2011.
