Creation of Luscar Energy Partnership in cooperation with Ontario Teachers' Pension Plan Board by acquiring Luscar Ltd., Canada’s largest coal producer for a deal worth $CDN 1 billion. 2005: Two Canadian energy conglomerates, Sherritt International and Pebercan Inc, discovered a new oil field off Cuba's northern coast containing 100 million barrels of oil. 2007: Sherritt acquires Dynatec mining corporation in a friendly takeover. Among the assets was the Ambatovy mine nickel project in Madagascar. 2008: Sherritt acquires all outstanding shares from Royal Utilities Income Trust. Royal Utilities Income Trust owned Prairie Mines & Royalty Ltd, that operates thermal coal mines in Saskatchewan and Alberta. 2008: Sherritt Technologies, a Division of Sherritt International Corporation, Licenses Technology to Chinese Zinc Producer. 2010: Sherritt to acquire a controlling interest from Rio Tinto in the Sulawesi Nickel Project in Indonesia. The Sulawesi Project currently ranks as one of the largest known undeveloped, greenfield laterite nickel deposits in the world. This project has since been abandoned. 2012: The Ambatovy Joint Venture begins production - reaches commercial production in 2014. 2014: Sherritt sells coal investments for $946 million (CDN) to Westmoreland Coal Company. 2016: Sherritt bondholders support a 3-year extension of maturities. 2018: Sherritt further strengthens its balance sheet by repurchasing $130 million of debentures following a successful equity unit offering. 2019: Sherritt’s Cuban partners ratify overdue receivables agreement for the repayment of US$150 million. 2019: Sherritt reaches 3 billion pounds of cumulative nickel production at its refinery in Fort Saskatchewan 2020: Sherritt completed a balance sheet initiative aimed at improving the Corporation’s liquidity which resulted in reducing debt levels by more than $300 million, annual cash interest payments by $16 million, extending our first material debt repayment to November 2026, and exchanging its 12% interest the Ambatovy Joint Venture for amounts owed to the Ambatovy Partners. References External links Sherritt International Corporation Official site. Sherritt International Financial Reports Sherritt International at Yahoo Finance Chemical companies of Canada Mining companies of Canada Natural gas companies of Canada Oil companies of Canada Electric power companies of Canada Cobalt mining companies Non-renewable resource companies established in 1927 1927 establishments in Manitoba Oil and gas companies of Cuba Companies listed on the Toronto Stock Exchange Metal companies of Canada Nickel mines in Cuba Mining companies of Madagascar