Sherritt to Dissolve Cuba Mining Venture Due to US Sanctions

Sherritt International Corp., a Canadian company that has invested in Cuba for decades, said it will seek to dissolve its nickel mining joint venture on the island due to US sanctions.

The metals producer seeks to force the breakup of its joint venture with Cuba’s General Nickel Company SA, its partner in the Moa nickel mine and a Canadian metals refinery, Sherritt said in a Friday statement. The process could take months or even years under existing agreements, so the Toronto-based firm said it’s also seeking a court order to accelerate the breakup.