DAVID PATHE INTERVIEW: ‘There are assets out there that can be bought for less than the cost to build them’

Sherritt’s ceo David Pathe thinks that greenfield projects make less sense than becoming partners in existing mining opportunities, reports Andrea Hotter

Nickel laterite projects have caused more than just a technical headache for mining companies over the years, but one miner has successfully managed to crack it. Sherritt International Corp is getting closer to bringing its Ambatovy mine in Madagascar to full capacity, a project that has already been eight years in the making for the company and not without some hiccups along the way. The mine has been up and running since 2011 and, when it reaches full capacity in early 2015, it will be the largest finished lateritic nickel project in the world. Ambatovy has an annual design capacity of 60,000 tonnes of nickel and 5,600 tonnes of cobalt, and is another success story for the hydrometallurgical technology which Sherritt uses at its operations in Cuba. “We’ve always been very confident in Ambatovy despite the chequered history of other lateritic nickel projects around the world,” Sherritt ceo David Pathe...

Published

Andrea Hotter

November 05, 2013

11:38 GMT

New York