The Madagascan arm of Sherritt International said on Thursday containers carrying nickel had been prevented from leaving the island’s Toamasina port due to new regulations, and unless the situation changed the mine could only stay open for a week. The $7-billion Ambatovy mining project, 40% owned and operated by Sherritt, has been hit by record low nickel prices and management has been forced to lay off more than 1 000 of its workforce over the past year.
