Sherritt ramping up Ambatovy venture

Sherritt International Corp is ramping up nickel and cobalt output at its Ambatovy joint venture in Madagascar, which was impacted by Tropical Cyclone Ava in January.

Storm damage to equipment and acid production at Ambatovy resulted in a temporary stop in production. Repairs have now been completed and partial production has resumed, with the ramp-up expected to run through the end of the second quarter of this year, the company said in a statement on Monday February 12.
Ambatovy is forecast to produce between 40,000 and 43,000 tonnes of finished nickel this year, up from guidance of 36,000-39,000 tonnes in 2017.

Actual nickel production was 35,474 tonnes in 2017, falling short due to equipment...


Tom Jennemann

February 13, 2018

02:01 GMT