In 2019, Sherritt's Moa JV is expected to produce between 31,000 and 33,000 tonnes of finished nickel and between 3,300 and 3,600 tonnes of finished cobalt.
Canada's mining sector is going through dramatic change, but the industry remains bullish on growth, and miners increasingly believe innovation and advances in technology will reshape the industry.
The companies envision an investment from Glencore that will help fund construction in exchange for offtake of production of four million tonnes of iron ore a year.
Despite gold's price slump, strong copper and iron ore prices lifted MINING.COM's ranking of the world's 50 most valuable miners to a new record high of $1.35 trillion.