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Sherritt International Corporation (TSX:S) announced record finished nickel and cobalt production and ore throughput were achieved in January 2015 at the Ambatovy joint venture.
Sherritt International Corporation (TSX:S) announced record finished nickel and cobalt production and ore throughput were achieved in January 2015 at the Ambatovy joint venture.
As quoted in the press release:
Operating results attributable to Sherritt at a 40% ownership basis are summarized in the following table:
For the month of January, finished nickel production was a record 1,877 tonnes (4,692 tonnes, 100% basis), or approximately 92% of nameplate capacity, and ore throughput in the PAL circuit was a record 513,363 tonnes (100% basis), or approximately 103% of nameplate capacity. With the annual planned maintenance complete on four of the five PAL autoclaves during the second half of 2014, planned maintenance is scheduled for the fifth autoclave in February.
Sherritt remains focused on the key milestone of reaching a production rate equivalent to 54,000 tonnes of nickel on an annualized basis (approximately 90% of nameplate capacity). The production rate is measured over 90 days in a 100 day continuous period and the target to achieve this milestone is within the first half of 2015.