Search results for: sherritt

A Former Trump Adviser Negotiates the Purchase of Sherritt and Will Request Permission To Operate Its Mines in Cuba

The Canadian company says the State Department has raised no objection to a possible sale of 55% of its shares to American Ray Washburne, owner of Gillon Capital. 14ymedio, Madrid, May 20, 2026 – The Canadian company Sherritt International announced this Wednesday that it has signed a preliminary agreement with Gillon Capital, owned by Ray … Continue reading “A Former Trump Adviser Negotiates the Purchase of Sherritt and Will Request Permission To Operate Its Mines in Cuba”

Sherritt Suspends Plans To Leave Cuba Despite US Sanctions on Moa Nickel

The Canadian mining company still has its operations paralyzed and admits that there are “serious financial risks” 14ymedio, Havana, May 19, 2026 / The Canadian company Sherritt International announced Tuesday in a statement that it is suspending its plans to dissolve its interests in Cuba, including the joint venture Moa Nickel SA, which produces nickel … Continue reading “Sherritt Suspends Plans To Leave Cuba Despite US Sanctions on Moa Nickel”

Canadian Company Sherritt Suspends its Operations in Cuba and Repatriates its Staff

The multinational nickel company attributes this decision to the new US sanctions against the Havana regime. Cuban employees at the company’s facilities in Alberta province will have to return to the island. 14ymedio, Madrid May 7, 2026 / The Canadian company Sherritt International Corporation announced this Thursday the suspension of its joint venture activities in … Continue reading “Canadian Company Sherritt Suspends its Operations in Cuba and Repatriates its Staff”

China Replaces Canada’s Sherritt As the Main Operator in Nickel Exploitation in Cuba

The multinational has suspended its activities in Moa due to the lack of fuel, while Beijing, the leading buyer of the mineral, invests in modernizing the industry 14ymedio, Havana, April 12, 2026 – The Cuban energy crisis has opened a gap in one of the country’s most sensitive industries, and China is moving to fill … Continue reading “China Replaces Canada’s Sherritt As the Main Operator in Nickel Exploitation in Cuba”

“Sherritt Put All Its Hopes in Cuba and Has Lost Everything in Cuba”

Businessman William Pitt fears the consequences for the natural gas production that the Canadian company manages and supplies to the population of Havana. 14ymedio, Madrid, 18 February 2025 — “It was written in the clouds!” For businessman William Pitt, the suspension of Sherritt’s operations at the Moa mines in Holguín, due to a lack of … Continue reading ““Sherritt Put All Its Hopes in Cuba and Has Lost Everything in Cuba””

The End of Venezuelan Oil Supplies Affects Sherritt’s Nickel Mines in Cuba

In addition, it reduces the natural gas production of the Canadian company that supplies Havana. 14ymedio, Madrid, January 12, 2026 — The warning by U.S. President Donald Trump that he would cut off Venezuela’s oil supply to Cuba—more than plausible after the capture on January 3 of President Nicolás Maduro and his wife, Cilia Flores—threatens … Continue reading “The End of Venezuelan Oil Supplies Affects Sherritt’s Nickel Mines in Cuba”

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”

Gaesa Transfers Its Assets in Mariel to Another State Company to Evade U.S. Sanctions

The military conglomerate has also divested itself of the joint venture that managed the Miramar Business Center in Havana. 14ymedio, Madrid, June 28, 2026 — Terminal de Contenedores Mariel S.A. (TCM), owned by the military conglomerate Gaesa and operator of Cuba’s main commercial port, has transferred its assets to Coral Marítima S.A., a state company … Continue reading “Gaesa Transfers Its Assets in Mariel to Another State Company to Evade U.S. Sanctions”