Sherritt Halts Cuban Venture Dissolution as US Sanctions Force Reassessment of 1 Nickel Partnership
Updated
Updated · Bloomberg · May 19
Sherritt Halts Cuban Venture Dissolution as US Sanctions Force Reassessment of 1 Nickel Partnership
1 articles · Updated · Bloomberg · May 19
Sherritt said Tuesday it will no longer proceed with dismantling its Cuban ventures, reversing an earlier plan to unwind operations on the island.
The Canadian nickel producer said the shift followed further consultations with advisers and government officials as it responds to tougher US sanctions on Cuba.
The reversal means Sherritt is also abandoning plans to break up its partnership with Cuba’s General Nickel Company SA.
The move underscores how tightening US measures are complicating strategic decisions for foreign companies with long-standing Cuban assets.
Will a Canadian firm's Cuba gamble reshape the global race for critical minerals like nickel and cobalt?
What government assurances led a Canadian miner to defy crippling US sanctions on its Cuban ventures?
Is this reversal the ultimate test for national sovereignty against the global reach of U.S. sanctions?