Word: sherritt
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...reason is the daunting infrastructural difficulties facing any company that drills in Cuba: firms have to bring much more of their own capital, equipment, technology and on-the-ground know-how than usual. This year's severe hurricane damage in Cuba has made the situation worse. Canada's Sherritt, in fact, recently dropped out of its four-block contract. "Who else is going to be willing to actually come in and take the risk in Cuba?" says Benjamin-Alvarado. "In terms of proximity and technology, the only people really able to do it to the extent the Cubans need...
Under the law's provisions, executives of offending companies could be barred from the U.S. The heads of Sherritt, a Canadian mining company, Grupo Domos, a Mexican telecommunications giant, and Stet, an Italian telecom firm, have each received letters from the State Department warning that they may soon be personae non gratae...
...Toronto's Royal York Hotel last week, Liu denied that China has any further need for Canadian foodstuffs or metals, just the opposite of what Canadian traders had surmised. Last year more than 1,500,000 lbs. of Canadian nickel went to Red China via Hong Kong, and Sherritt Gordon Mines Ltd. shipped another 1,039,800 Ibs. to China directly, boosting Canada's 1960 China trade to $20 million. But in view of China's calamitous crop losses to flood and drought, Ottawa is still betting on a major wheat sale to China -the first since...
...Lake, Ont. kept mighty quiet about the discovery he made afterwards. Ranging the muskeg around Lynn Lake in 1941, he caught sight of a likely looking outcropping. The samples he took had traces of nickel and copper. Prospector McVeigh took back his boss, Eldon L. Brown, president of Sherritt Gordon Mines, to prospect further. Their magnetometer, which detects ore bodies magnetically, indicated a huge body of ore below the muskeg...
...Since Sherritt Gordon Mines did not have enough planes to rush in prospectors and supplies, it decided to keep the discovery to itself until it had diamond-drilled and staked the area. Not until last month did Brown disclose the full extent of his find to the Manitoba Chamber of Mines. Lynn Lake, he said, seemed to be the richest nickel strike on the North American continent since Sudbury, Ont. (1880s) - and the only important one not controlled by International Nickel, which supplies the U.S. with most of its nickel...