Sherritt raises Ambatovy nickel, cobalt guidance

Sherritt International Corp expects finished nickel and cobalt production at its Ambatovy mine in Madagascar to rise in 2018, the company said on Friday January 12.

Ambatovy is forecast to produce between 40,000 and 43,000 tonnes of finished nickel this year, up from guidance of between 36,000 and 39,000 tonnes in 2017. Actual production at the mine fell slightly short of the company's goal last year, at 35,474 tonnes.

The 2018 forecast takes into account the impact from the recent Tropical Cyclone...


Millicent Dent

January 15, 2018

01:36 GMT

New York