KEYFACT Energy
Contacts
Sherritt International Corporation
1133 Yonge Street
Toronto, ON M4T 2Y7
Canada
Tel: 416-935-2451
Sherritt International
Description
Sherritt is a world leader in using hydrometallurgical processes to mine and refine nickel and cobalt – metals deemed critical for the energy transition. Sherritt’s Moa Joint Venture has a current estimated mine life of 25 years and has embarked on an expansion program focused on increasing annual mixed sulphide precipitate production by 20% or 6,500 tonnes of contained nickel and cobalt (100% basis). The Corporation’s Power division, through its ownership in Energas S.A., is the largest independent energy producer in Cuba with installed electrical generating capacity of 506 MW, representing approximately 10% of the national electrical generating capacity in Cuba. The Energas facilities are comprised of two combined cycle plants that produce low-cost electricity from one of the lowest carbon emitting sources of power in Cuba. Sherritt’s common shares are listed on the Toronto Stock Exchange under the symbol “S”.
Sherritt has a 20-year history of exploring and producing oil and gas primarily from fields in Cuba. During this time, the company have developed an expertise and proven ability to find, develop and produce oil in Cuba’s complex fold and thrust-belt reservoir. All of their wells are directionally drilled and are located along the northern coast between Havana and Cardenas. Sherritt holds exploration rights under production-sharing contracts (PSCs), which are granted by the Cuban government and currently hold 100% working interests in three PSCs.