Why did Sherritt International reverse its decision to dissolve its Cuban nickel mining venture?

Sherritt reversed its decision to dissolve its Cuban interests, including the Moa Nickel SA joint venture with Cuba's state-owned General Nickel Company S.A., after the U.S. imposed financial sanctions on the venture — prompting the company to halt plans to seek court approval for dissolution from the Court of King's Bench of Alberta.

What is the current operational status of Sherritt’s involvement in the Moa Nickel SA joint venture?

Sherritt has maintained its suspension of direct participation in the Moa Nickel SA joint venture’s activities in Cuba while continuing talks on how to respond to expanded U.S. sanctions, and it warned that unresolved issues could lead to acute operational, financial, and legal difficulties, including non-compliance with debt covenants.

Sherritt halts plan to dissolve Cuba nickel mining venture amid US sanctions

May 19, 2026

Canadian miner Sherritt International reversed its decision to dissolve its Cuban nickel joint venture following new U.S. sanctions on the Moa Nickel SA project. The company warns of acute financial and legal difficulties while maintaining a suspension of direct participation.

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