| Type | Public (TSX: S) |
|---|---|
| Industry | Mining, Oil and Gas |
| Founded | 1927 |
| Headquarters | Toronto, Ontario Canada |
| Key people | Ian W. Delaney, Chairman, President & CEO |
| Products | nickel, coal, oil, gas, energy |
| Revenue | $1.096 billion CAD (2005) |
| Employees | 2,514 (2008)[1] |
| Website | www.sherritt.com |
Sherritt International (TSX: S) is a Canadian energy company, based in Toronto, Ontario. It is involved in nickel and cobalt mining, thermal coal production, oil and gas exploration and production, and electricity generation. Sherritt is one of the largest foreign investors in Cuba, and the Canadian company with the largest business interests there.
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Sherritt has most of its profit coming from mining operations (40%), with mines in Moa, Cuba, and a metal refinery in Fort Saskatchewan, Alberta, Canada.
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. Sherritt holds 40% ownership of the project. In December 2010, Sherritt estimated the project would cost US$4.76 billion.[2]
Sherritt operates oil and gas fields leased from the Cuban government (Varadero, Canasí, Yumuri, Puetro Escondido) and has interest in some fields in Spain.
Sherritt owns 30% of Energas, an electricity producing company in Cuba.