Sherritt Earnings Up 20%

Mining Weekly reports Sherritt International’s (TSX:S) second-quarter profit rose 20% thanks to higher coal and oil prices and increased nickel sales.

The market news is quoted as saying,

The company sold 9.1-million pounds of nickel, 1.1-million pounds of cobalt, eight-million tons of thermal coal, 1.1-million barrels of oil and 154 GWh of electricity during the three months ended June 30.

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