Sherritt International Corporation (SHERF) 2017年年度报告「TSX」.pdf

1、SHERRITT 2017 ANNUAL REPORT Ambatovy JV(tonnes)Moa JV(tonnes)Power(Gwh)Oil(total NWI,boepd)2017 Operational Highlights(1)(1)All amounts are based on Sherritts share.Moa JV=50%.Ambatovy JV=40%to December 10,2017 and 12%thereafter.Power=33 1/3%.Oil and Gas=100%16,464 15,762 1,847 1,801 20162017Finishe

2、d nickelFinished cobalt16,842 13,618 1,309 1,173 20162017Finished nickelFinished cobalt9,483 7,856 20162017894 848 20162017 Sherritt ended 2017 with a significantly strengthened balance sheet and a much improved outlook as a result of a number of key developments over the course of the year.Most not

3、ably,Sherritt completed the restructuring of the Ambatovy Joint Venture,achieved its nickel and cobalt production as well as its unit cost targets at the Moa Joint Venture,and benefitted from higher realized prices for each of the primary commodities that the Corporation produces.Production totals f

4、or each of the commodities Sherritt produced in 2017 were:MESSAGE FROM THE PRESIDENT&CEO 2017 was marked by celebrations to recognize Sherritts 90th anniversary.Over our 90-year history,Sherritt has demonstrated its ability to adapt to change and reinvent itself to survive and thrive in a world wher

5、e the pace of change continues to accelerate.In years to come,2017 will be remembered for the balance sheet transformation that we completed and the start of a recovery for nickel and cobalt prices driven largely by the favorable outlook for the electric vehicle market.Both of these developments hav

6、e been years in the making and speak to our ability to withstand the volatility of the past several years.There can be no doubt that Sherritt has endured a difficult time over the last few years.We have been through a prolonged period of low nickel prices.Nickel is the worst performing of all the ba