Sherritt Reports Fatality at its Moa Joint Venture Mine
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Sherritt Reports Fatality at its Moa Joint Venture Mine
TORONTO, May 17, 2023 – Sherritt International Corporation (“Sherritt” or the “Corporation”)
(TSX:S) regrets to announce the death of an employee at the Moa Joint Venture mine in Cuba
who succumbed to injuries experienced during a fall from a fixed ladder.
“This incident has been a heartbreaking event that emphasizes the importance of maintaining a
robust safety culture at all of our operations . With our Cuban partners , we are implementing
immediate measures to enhance our focus on safety at Moa as the safety and wellbeing of our
employees remains our highest priority. We are fully committed to taking every necessary
measure to enhance and maintain a safe work environment for everyone. We extend our deepest
sympathies to the individual’s family, friends and colleagues during this incredibly difficult time,”
said Leon Binedell, President and CEO, Sherritt.
Sherritt has initiated its investigation and is working with local authorities to determine the root
causes of the incident. Sherritt has deployed senior leadership and health and safety personnel
from its Canadian operations to the mine site to assist in the investigation and support any
required safety enhancements.
About the Moa Joint Venture
The Moa Joint Venture is a 50/50 partnership between Sherritt and General Nickel Company S.A.
of Cuba. The Moa JV mines and processes nickel laterite deposits in Cuba for refining into finished
nickel and cobalt from its refinery in Fort Saskatchewan, Alberta or for potential sale as
intermediary products and markets its products to customers internationally, except the United
States.
About Sherritt International
Sherritt is a world leader in using hydrometallurgical processes to mine and refine nickel and
cobalt – metals deemed critical for the energy transition. Sherritt’s Moa Joint Venture has a current
estimated mine life of 26 years and has embarked on an expa nsion program focused on
increasing annual mixed sulphide precipitate production by 20% or 6,500 tonnes of contained
nickel and cobalt (100% basis). The Corporation’s Power division , through its ownership in
Energas S.A., is the largest independent energy producer in Cuba with installed electrical
generating capacity of 506 MW, representing approximately 10% of the national electrical
generating capacity in Cuba. The Energas facilities are comprised of two combined cycle plants
that produce low-cost electricity from one of the lowest carbon emitting sources of power in Cuba.
Additionally, its Technologies Group creates innovative, proprietary solutions for natural resource-
based industries around the world to improve environmental performance and increase economic
value. Sherritt’s common shares are listed on the Toronto Stock Exchange under the symbol “S”.
For further information, please contact:
Lucy Chitilian, Director, Investor Relations
Email: [email protected]
Telephone: (416) 935-2457
www.sherritt.com