Tuesday, 14 May 2019 12:39

Canadian-Cuban Joint Venture in Nickel Highlighted

Written by PL
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Sherritt International Corporation in Cuba Sherritt International Corporation in Cuba Photo: PL

Managers of Canadian mining company Sherritt International today highlight the production of three billion pounds of finished nickel at its refinery in Fort Saskatchewan, Alberta.

Ottawa.- Thanks to a binational agreement the industry processes sulfides produced in Cuba through a Cuban-Canadian joint venture created in 1994 and in which Sherritt maintains a 50 percent stake in the association, to produce Class I nickel in briquettes and in powder.

Nickel class 1 is the purest form of nickel and is particularly suitable for applications, such as electric vehicle batteries, which require high levels of purity, according to press reports.

 

The achievement serves "as a testimony to the reliability of the Saskatchewan refinery over the past 65 years," said David Pathe, president and CEO of Sherrit.

In recent statements, the director said the result tests the ability of the company's employees to adapt to changes in the industry and introduce innovations that allow maintaining its leadership position as a producer of nickel of low cost and high quality.

Last year, Fort Saskatchewan reported 30,708 tons of finished nickel and three thousand 234 tons of finished cobalt as a by-product, sold to international customers in Europe, Japan and China for stainless steel applications. special alloys and various types of batteries.

Vivian Rodríguez, CEO of Corefco (partner of the Sherritt Joint Venture), in addressing the results said that the effort, dedication, intelligence and applied knowledge of each process allowed the operation to remain one of the most efficient producers of nickel and cobalt in the world.

Meanwhile, Tim Dobson, vice president of Sherritt International, during a celebration on the occasion of the result stressed that "the milestone shows the resistance and tenacity of Sherritt and its workers to continue an operation and keep it economically viable for 65 years."

For Gale Katchur, mayor of Fort Saskatchewan, the work of the firm "makes a difference in our community, the region and the world."

Despite the limitations imposed by the US blockade with the Helms-Burton Act, Cuba sells nickel to 26 countries, among which there are large, medium and small buyers.

On more than one occasion, US authorities prohibited the entry of machinery and equipment made with alloys containing Cuban nickel into their country.

The Regulations on Control of Cuban Assets prohibit the imports from third countries of totally or partially manufactured goods containing products of the island, and specifically includes those containing Cuban nickel. (PL)

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