Sherritt Intl Corp (SHERF)

Sherritt International Corp was incorporated on October 4, 1995 by articles of incorporation under the Business Corporations Act (New Brunswick). The Company is a Canadian natural resource company that operates mainly in Canada and Cuba and has a significant mining project in Madagascar. The Company, either directly or through its subsidiaries, has significant interests in nickel and cobalt mining, processing and refining; thermal coal technology and production; oil and gas exploration, development and production; and electricity generation. The Company also licenses its proprietary technologies to other mining companies. The Company's reportable segments are business units that offer distinct products and services. The Metals segment mainly comprises the mining, processing and marketing of commodity nickel and cobalt and includes the production and sale of agricultural fertilizers. The Coal segment mines and sells thermal coal primarily for use as fuel to generate electricity and holds a portfolio of royalty assets. It also leases equipment to certain customers and operates a contract mine and a 50%-owned mine. The Oil and Gas segment includes exploration and development of oil and gas in Cuba, Spain, Pakistan and the United Kingdom. The Power segment constructs and operates electricity generating plants that provide electricity in Cuba and owns an electricity generating plant in Madagascar.