Sherritt’s Ambatovy production hits milestone

Jan 23, 2014 | 05:30 PM | Rey Mashayekhi

Tags  nickel, cobalt, Sherritt International, Ambatovy, Sumitomo, Korea Resources, SNC-Lavalin Group, David Pathe Rey Mashayekhi

NEW YORK — Sherritt International Corp. has achieved a rate of “commercial production” at its Ambatovy nickel and cobalt project in Madagascar, the mining and energy company said in a statement Jan. 22.
Sherritt defined commercial production as “70 percent of ore throughput of nameplate capacity in the pressure acid-leach circuit on average over a 30-day period,” as well as “the point at which all revenue and operating costs cease to....

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