Copying and distributing are prohibited without permission of the publisher

(AMM) Sherritt 'comfortable' with Ambatovy schedule

July 29, 2010 - 23:06 GMT Location: New York

KEYWORDS: Sherritt , Ambatovy Project , nickel , cobalt

Mechanical completion of the closely watched Ambatovy Project in Madagascar is on schedule for early 2011, Sherritt International Corp. said as it reported a sharp drop in profits in the second quarter.

"We're very comfortable with the schedule at our big project in Madagascar," Ian Delaney, Sherritt executive chairman, said during a conference call. "We're also comfortable with the capital number there; we don't think there's much possibility of any leakage there."

Toronto-based Sherritt has staked much on Ambatovy, which at an annual capacity of 60,000 tonnes of nickel and 5,600 tonnes of cobalt would be...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.

Please log in using your online subscriber details.
Your username will be your registered email address with Metal Bulletin.

If you aren't a subscriber yet, feel free to take a seven day free trial, or subscribe using the instructions below.

A standard subscription include one year's worth of news and prices. You can also upgrade to the full archive and benefit from more than 13 years of intelligence. Start your subscription today.

Free trial

Taking a free trial will give you open access to Metal Bulletin online news, prices, archived content and email alert service for the next seven days. Start your free trial today.

Free trial

Already have an account?

Minor & Precious Metals

Feb 10, 2012 15:54 Globe sees ferrosilicon tags facing more import pressure
Feb 10, 2012 14:24 MB NON-FERROUS PRICE CHANGES
Feb 10, 2012 08:46 Bismuth prices rise on 'temporary' Guangxi suspensions
Feb 10, 2012 01:00 China germanium prices hit by flagging demand
Feb 9, 2012 23:23 Globe gets nod on manganese licenses in Nigeria

Comment & analysis

LORD COPPER: Glencore-Xstrata will be a merger of more-than-equals

Glenstrata, X-Core, Davenberg, Mivan? Whatever the result of the Glencore-Xstrata merger is to be called, finding a name is an inevitable step after the IPO.
COMMENT: Glenstrata still has to break the mould

The news that Glencore and Xstrata are in merger talks would only come as a surprise to someone living under a rock, and only then if said rock did not contain any valuable minerals. But now that talks of a tie-up of the world’s largest metals trader and its fourth largest miner have finally moved into the boardroom, hypothetical questions have become real, and the answers are far from certain.
APEX FULL YEAR 2011: Base metal forecasts: astounding accuracy

Astounding upon astounding: that is how the 2011 leaderboard for Apex, the Metal Bulletin service that tracks the performance of over twenty top base metal price forecasters, appears when you consider it coldly.