Search results for: Sherritt

Sherritt Registers Losses in Nickel and Must Import Foreign Technical Personnel to Cuba

Businessman William Pitt says Canada will send food aid to improve the company’s image in the areas where it operates. 14ymedio, Holguín, August 5, 2025 — The collapse of nickel and cobalt mining in Cuba is proceeding apace, with direct consequences both for the economy of the island and for Canada’s historic mineral extraction partner, … Continue reading “Sherritt Registers Losses in Nickel and Must Import Foreign Technical Personnel to Cuba”

Sherritt’s Two Power Plants in Cuba Were Key to Solving the Blackout

The Canadian power plant contributed about 816 gigawatt-hours in 2024 to the national electricity system and allowed the reconnection of the thermoelectric plants. 14ymedio, Havana, 20 March 2025 — The gas power plants of the Canadian mining giant Sherritt in Boca de Jaruco (Mayabeque) and Varadero (Matanzas) were key pieces in returning electricity to Cuba … Continue reading “Sherritt’s Two Power Plants in Cuba Were Key to Solving the Blackout”

In Its Annual Report, Sherritt Points Out the Risks of Operating in Cuba

The Canadian company is losing money, according to expert William Pitt, and he fears an intervention by Gaesa in mining management Blackouts, fuel shortages, natural disasters and the loss of 2,100 workers affect the financial results 14ymedio, Havana, 9 March 2025 — The Canadian company Sherritt International has just corrected an omission by the Cuban … Continue reading “In Its Annual Report, Sherritt Points Out the Risks of Operating in Cuba”

Canada’s Sherritt and the Cuban Regime Manage Their Business Through a Discreet Partnership in Barbados

This Caribbean island offers the discretion they need to protect themselves from Helms-Burton 14ymedio, Havana, 23 January 2025 — To sustain business with the Cuban regime, the Canadian mining giant Sherritt International uses multiple ways to evade Washington’s sanctions. With real business acrobatics performed from Switzerland to the Cayman Islands, the company protects itself from … Continue reading “Canada’s Sherritt and the Cuban Regime Manage Their Business Through a Discreet Partnership in Barbados”

Lightning Kills an Employee of Union Del Niquel, a Cuban Partner of the Canadian Sherritt Company in Moa

14ymedio, Havana, 30 May 2023 — A lightning strike caused an electric shock in front of the Nickel Union Service Company in Moa (Holguín) and ended the life of one of the workers, Dunielkis Fonseca Borges, in addition to affecting six other people. All of them were employees of the state company and were waiting … Continue reading “Lightning Kills an Employee of Union Del Niquel, a Cuban Partner of the Canadian Sherritt Company in Moa”

Sherritt is Complicit in the Theft of Cuban Resources, Denounced a Businessman

14ymedio, Havana, 14 December 2022 — To the Cuban American Pitt-Wasmer family, the so-called “cobalt exchange” with which the Cuban government aims to settle its debts with the Canadian company, Sherritt, is not only an illegal act but also constitutes “dangerous precedent” in the economic handling of the country. The $362 million that the regime … Continue reading “Sherritt is Complicit in the Theft of Cuban Resources, Denounced a Businessman”

Diaz-Canel and the Photo With Sherritt, Or Is It the Other Way Around?

14ymedio, Elías Amor Bravo, Economist, 5 March 2022 — I admit that I was wrong. Not long ago, I wrote an entry on this blog in which I came to say that I did not find it too interesting for foreign investors in Cuba to take a souvenir photograph with Díaz-Canel. Without a doubt, I … Continue reading “Diaz-Canel and the Photo With Sherritt, Or Is It the Other Way Around?”

Díaz-Canel Meets With the Canadian Sherritt Company to Expand its Energy Activities in Cuba

EFE (via 14ymedio), Havana, 6 March 2022 — Cuban President Miguel Díaz-Canel met in Havana with the president of Sherritt International, Leon Binedell, to talk about the participation of the Canadian company in the island’s economy and the energy sector. As published this Saturday by the official newspaper Granma, the meeting addressed Sherritt’s participation in the … Continue reading “Díaz-Canel Meets With the Canadian Sherritt Company to Expand its Energy Activities in Cuba”

In a Triumphalist Report, Canal Caribe Inflates the Data for Oil Production in Cuba

An engineer admits it will not be enough to “solve the generation deficit” 14ymedio, Madrid, 27 August 2025 — “Energas has become the largest thermoelectric power plant in the country at the moment.” Statements to Canal Caribe by Luis Rolando Eres Grass, engineer of the Western Oil Drilling and Extraction Company, show the importance for … Continue reading “In a Triumphalist Report, Canal Caribe Inflates the Data for Oil Production in Cuba”

Despair in Cuba’s Gas Lines After Five Months Without Supply

14ymedio, José Lassa and Mercedes García, Havana / Sancti Spíritus, 2 June 2025 — The arrival of liquefied gas (propane) in the Cuban capital has brought anything but tranquility. It had been three months since many customers could get it, but they were not even concerned: the sale was for those who had been unable … Continue reading “Despair in Cuba’s Gas Lines After Five Months Without Supply”

The Cuban Regime Celebrates That Trump Has Not Included It on the List of Global Tariffs

Russia, North Korea and Greenland are also not included, while the rest will be charged between 10% and 54%, although Mexico and Canada will have special treatment. 14ymedio, Havana, 3 April 2025 — “This time Cuba is not on the list of countries penalized by the United States. It is perhaps the only punitive list … Continue reading “The Cuban Regime Celebrates That Trump Has Not Included It on the List of Global Tariffs”

The General Blackout in Cuba Continues, With a Few Islands of Light

Technicians face difficulties in resolving a “complex situation” 14ymedio, Havana, 16 March 2025 –The few lights that were on in Havana at sunset this Saturday looked more like phantoms in a cemetery than a capital city. From the Loma de la Cruz in Guanabacoa, where a reporter from this newspaper photographed the dark panorama, a … Continue reading “The General Blackout in Cuba Continues, With a Few Islands of Light”

Devoid of Tourists and Canadian Drilling Operations, Boca de Camarioca Is a Shadow of Its Former Self

14ymedio, Fabio Aecio Ettore, Boca de Camarioca (Matanzas province), 11 January 2025 — When Cubans think of the town of Boca de Camarioca, what invariably comes to mind is the mass exodus orchestrated in 1965 by Fidel Castro and Lyndon Johnson, the U.S. president at the time. That stampede was the most notable precursor to … Continue reading “Devoid of Tourists and Canadian Drilling Operations, Boca de Camarioca Is a Shadow of Its Former Self”

Artemisa and Pinar Del Río, Cuba, Are Still Without Electricity, Havana Has Just 15 Percent, While the East Is Better

In Havana’s Plaza de la Revolución district, neighbors have been without electricity for more than 50 hours 14ymedio, Havana, 8 November 2024 — Two days after the impact of Hurricane Rafael in western Cuba and the consequent total collapse of the national energy system (SEN), there are still populated areas of the Island without power. … Continue reading “Artemisa and Pinar Del Río, Cuba, Are Still Without Electricity, Havana Has Just 15 Percent, While the East Is Better”

Cuba Will Remain Without Electricity at Least Until Saturday

UNE announced the “total disconnection” of the Electrical System The Antonio Guiteras power plant had scheduled maintenance, but it did not last until the scheduled date With the country in darkness and the economy paralyzed, Marrero says that Cuba “is not yet in a bottomless abyss” 14ymedio, Havana, 18 October 2024 — The Cuban Ministry … Continue reading “Cuba Will Remain Without Electricity at Least Until Saturday”