Sherritt Halts Plan to Unwind Cuba Ventures Amid Sanctions Talks

Sherritt International Corp. reversed course on plans to unwind its Cuban business after further consultations with advisers and government officials, as the nickel producer scrambles to respond to tougher US sanctions on the island.

The Canadian company will no longer move ahead with plans to dismantle its Cuban ventures, including the breakup of its partnership with Cuba’s General Nickel Company SA, according to a Tuesday statement.