It also eliminates the need for diluent when transporting bitumen by pipeline, thereby reducing costs and increasing pipeline capacity with no need for new investment in pipelines. We have continued to make improvements to our patented process for upgrading bitumen, which produces lower emissions and virtually eliminates coke waste compared to current upgrading methods. Mr Pathe added, “In addition to continuing to work with our Cuban partners on overdue receivables, we will focus during 2021 on further developing and commercializing the know-how within our Technologies business. “Even while managing against the continuing global pandemic, we ended the quarter with improved finished nickel and cobalt production results at the Moa Joint Venture, a $5 million reduction in our long-term debt, our highest adjusted EBITDA in almost three years, and improved nickel and cobalt market conditions.” “Sherritt sustained the momentum we established following the successful close of our balance sheet initiative last year into 2021 as evidenced by our strong performance in Q1,” said David Pathe, President and CEO of Sherritt International. All amounts are in Canadian currency unless otherwise noted. TORONTO-( BUSINESS WIRE)-Sherritt International Corporation (“Sherritt”, the “Corporation”, the “Company”) (TSX: S), a world leader in the mining and hydrometallurgical refining of nickel and cobalt from lateritic ores, today reported its financial results for the three-month period ended March 31, 2021.
0 kommentar(er)
