WHO WE ARE A leader in the mining and refining of low cost nickel production with operations in Canada, Cuba and Madagascar Largest independent energy producer in Cuba Licenses proprietary technologies and provides…
EXECUTING ON OUR STRATEGY FOCUS ON WHAT WE DO BEST: NICKEL Building a low-cost, global nickel company Ramping up at Ambatovy JV Maintaining production and lowering costs at Moa JV Selling non-core assets CUBAN ENERGY BUSINESS…
LONG-TERM FUNDAMENTALS REMAIN STRONG FOR NICKEL Nickel Market Synopsis Nickel Supply and Demand Outlook Nickel market remains in surplus position with Nickel Supply and Demand Outlook significant LME inventories Strong demand for…
AMBATOVY JV INCREASING PRODUCTION 2014 Finished Nickel Production (40% basis) Production increased 47% in 2014 to 37,053 20,000 tonnes of finished nickel (100% basis) 14,821 PAL throughput achieved monthly record of 15,000…
AMBATOVY JV ALL RESOURCES FOCUSED ON THE PAL SYSTEM Production Component Status Mining Port & Rail Utilities Systems Refinery Area of focus Work focused PAL Systems on CCD Solid-liquid separation carried out by…
MOA JV CONTINUES TO CONTRIBUTE SIGNIFICANTLY 9 months 2014 Highlights Record quarterly production in third quarter Adjusted EBITDA grew by 36% (15 million) versus YTD 2013 Executed technology supply contract for the acid plant…
OIL AND GAS EXTENDING PRODUCTION PROFILE IN CUBA Progress achieved on obtaining additional acreage in 2014 o Strategy focused on extending production in Cuba over the long-term given existing production sharing contracts set to…
POWER FOCUSED ON EFFICIENCY AND INCREASING EBITDA Operator and owner of one-third interest in Energas, the only independent power producer in Cuba with a capacity of 506 MW Adjusted EBITDA increased to 19M (YTD 2014) from 2M (YTD…
INVESTMENT SUMMARY Our strategic focus and execution is producing results Nickel production growth and leverage to nickel prices to contribute to increasing cash flow Extending life of oil business and optimizing operations Continued…
Loading...
