11:53 AM EST - Sherritt International Corporation : announced, following completion of a review of the estimated schedule and associated capital cost of the Ambatovy Project, that the Board of Directors has approved a revised schedule that anticipates first metal in first quarter 2012 and an associated capital cost estimate of $5.5 billion U.S., excluding financing charges, foreign exchange and working capital requirements. Sherritt will fund its 40% of the capital cost increase directly from funds on hand. Sherritt International Corporation
shares T.S are trading down $0.43 at $6.58.
