Ambatovy JV defers principal payment, Sherritt continues not to fund cash calls

June 15, 2016

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Canadian diversified miner Sherritt International has announced that the group of lenders to its 40%-owned Ambatovy nickel and cobalt mine, in Madagascar, have entered into temporary agreement to defer a principal repayment due on Wednesday, to August 5.
The Toronto-headquartered company said an agreement in principle had also been reached on future principal payment deferrals.

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