Despite delay, Sherritt holds Ambatovy guidance steady

Apr 30, 2012 | 01:55 PM | Thorsten Schier

Tags  Sherritt, Ambatovy, nickel, cobalt, Thorsten Schier

NEW YORK — Sherritt International Corp. still expects its Ambatovy venture in Madagascar to yield between 8,000 and 13,000 tonnes of nickel this year despite delaying production of the first metal to the second quarter.

"We now have the sulfide precipitation circuit operating . . . and we’re slowly building an inventory on that," president and chief executive officer David Pathe said during the company’s first-quarter earnings conference call. "When we have a sufficient inventory built up to start the refinery, that’s . . . when we....

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