Canada’s biggest investor on the island -- now a penny stock, with its shares down more than 50% so far this year -- is feeling the pinch of Cuba’s dire economic straits.
Sherritt International Corp Mining News
The complete lifting of the ban could allow billions of dollars in legal claims to move forward in U.S. courts and likely antagonize Canada and Europe.
The company’s share of finished nickel production at the Moa joint venture (JV) in Cuba and Saskatchewan, Canada was 4,294 tonnes, up 4% from last year.
Sherritt owns 50% of the Moa joint venture, and at Ambatovy it is the operator and holder of a 12% interest.