Sherritt says Ambatovy cost raised to $4,76bn

The total cost for the Ambatovy nickel project in Madagascar is now pegged at $4,76-billion, including a contingency of $50-million, operator Sherritt International said on Friday. The previous figure issued by the company was $4,52-billion.

First metal from Ambatovy in Q2 2011 – Sherritt

The Ambatovy nickel/cobalt project in Madagascar should produce its first metal in the second quarter of next year, executives from project operator Sherritt International said on Wednesday. Mechanical completion is expected early in 2011 and the...

Sherritt tweaks Ambatovy funding deal with partners

Toronto-based Sherritt International has agreed to put some money from its own balance sheet into building the Ambatovy nickel mine, in Madagascar, before drawing down again on loans provided by its partners. In return, the company will be...

Sherritt 'confident' on Ambatovy project schedule

Toronto-based Sherritt International does not have any concerns at this point with meeting the scheduled timeline for its Ambatovy nickel project, in Madagascar, CFO Dean Chambers said on Wednesday. The project is scheduled for mechanical...

Electricity supply security concerns inspire diesel-driven pump installation

Unplanned power outages, which have affected business across South Africa in recent years, has prompted a major platinum miner in the Thabazimbi district to invest R6-million on the installation of stand-by diesel-driven underground dewatering...