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Sherritt International

@sherritt.com

A company's business interests include nickel and cobalt mining, oil and gas exploration and production, and electricity generation.

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Sherritt International is a Canadian natural resource company with its headquarters in Toronto, Ontario. It was founded in 1927 and has grown to become a leading producer of nickel, cobalt, and other metals. Sherritt's main operations are focused on mining, refining, and marketing these metals globally.


Sherritt operates various divisions, including the Metals division, which produces nickel, cobalt, and other metals from its mining operations in Cuba and Canada. The company also has a Power division that constructs and operates power generation facilities, primarily in Cuba, where it operates one of the largest power plants in the country. Additionally, Sherritt has an Oil and Gas division, which produces oil and gas in Cuba.


One of Sherritt's noteworthy joint ventures is the Moa Joint Venture in Cuba, where it partners with General Nickel Company (a Cuban state-owned enterprise) to produce nickel and cobalt. This joint venture has been a significant contributor to the company's growth and success. In terms of market position, Sherritt International has a strong presence in the global nickel and cobalt market.


It is considered one of the largest nickel producers outside of Russia and is a major supplier of cobalt, which is used in various industries, including electric vehicle batteries. In recent years, Sherritt has focused on strengthening its financial position and reducing its debt. The company has made several strategic actions, including divesting non-core assets and optimizing its operations.


These efforts have resulted in improved profitability and a more stable financial outlook. As of the latest available information, Sherritt International continues to operate its mining, refining, and power facilities, primarily in Cuba. The company continues to explore growth opportunities and partnerships in the natural resource sector.


In conclusion, Sherritt International is a Canadian natural resource company with a strong presence in the global nickel and cobalt market. With a long history and a focus on sustainable operations, the company has positioned itself as a key player in the industry

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Company Type

Public Company

Company Size

5001-10,000

Year Founded

1927

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