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...

Sherritt gets partner loans to cover Ambatovy capex

Toronto-based Sherritt International has finalised arrangements with its partners on the Ambatovy nickel project, in Madagascar, who will provide loans to fund Sherritt's share of the remaining capital spending on the project. In February, the...

Sherritt expects Ambatovy funding plan by mid-year

Toronto-based Sherritt International expects to finalise arrangements by the end of the second quarter for its share of construction costs for the $4,5-billion Ambatovy nickel project, in Madagascar, CFO Dean Chambers said on Wednesday. In...

Sherritt in talks with partners on funds for $4,5bn Ambatovy project

Toronto-based Sherritt International is in talks with its partners on the large Ambatovy nickel project, in Madagascar, on financing alternatives, after hiking the estimated cost to build the mine to $4,52-billion, from a previous figure of...