Who is the mystery Texas oil tycoon behind the Glencore-led bid for Sherritt International, and what is his connection to the deal?

Albert Huddleston, a Texas oil tycoon who recently sold family-owned shale assets for $5.2 billion, is the anchor investor in the Glencore Plc–led consortium bidding for Sherritt International Corp.; his family office, Chota Capital LLC, is the unnamed US partner in the proposal, according to people familiar with the matter.

What are the two competing proposals for Sherritt International, and how do they differ in terms of leadership and timing?

One proposal is led by Gillon Capital LLC, the Dallas family office of Ray Washburne — a billionaire former adviser to President Donald Trump — with Sherritt in exclusive talks since May; the other is a Glencore-led consortium, which includes Kyma Capital Ltd. and Brevan Howard co-founder Trifon Natsis, submitting its bid in June and seeking at least 55% ownership on a fully diluted basis, while challenging Gillon’s exclusivity period ahead of its October expiration.

Texas Oil Tycoon Emerges as Mystery Bidder for Cuba Nickel Miner

Aug 20, 2026

A Glencore-backed consortium led by a Texas billionaire has bid for Cuba-focused nickel miner Sherritt International amidst US sanctions. Legal disputes and supply shortages threaten operations as competing offers emerge.

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Texas Oil Tycoon Emerges as Mystery Bidder for Cuba Nickel Miner

Texas Oil Tycoon Emerges as Mystery Bidder for Cuba Nickel Miner

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