Sherritt International Corporation is a Canada-based diversified natural resource company engaged in the production of nickel, cobalt, thermal coal, oil and gas and electricity. The Company also licenses its technologies to other mining companies. The Company has operations in the nickel mining and refining, coal mining, oil and gas production and power generating industries. Its metals segment is the operator for the extraction of nickel and cobalt from lateritic ores. The Company develops and produces oil and gas, primarily from fields situated in Cuba, from which it produced approximately 95% of its worldwide net oil production during 2008. The Company has operations in Canada, Cuba, Spain and Pakistan and a mining property under development in Madagascar. In May 2008, the Company acquired Royal Utilities Income Fund.