Sherritt to Acquire a Controlling Interest in Sulawesi Nickel

Dec. 2 -- Sherritt International Corp. said it has executed an earn-in and shareholders agreement with a subsidiary of Rio Tinto Ltd. in which Sherritt will acquire an interest in the Sulawesi Nickel Project in Indonesia. Sherritt will acquire a controlling 57.5 percent equity interest in the holding company that owns the Sulawesi Project.