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Sherritt clears way for payments of C$361.9 million

The amount is to be settled over a five-year period

Nathan Richardson
If the total outstanding receivables are not fully repaid by the end of 2027, interest will accrue retroactively at 8% from the beginning of 2023.

If the total outstanding receivables are not fully repaid by the end of 2027, interest will accrue retroactively at 8% from the beginning of 2023.

On 1 January, 2023, Sherritt's 50/50 Moa joint venture partner, Cuba's General Nickel Company is to assume the outstanding receivable amounts of C$332.4 million owed by Energas SA and trade accounts receivable...

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