What triggered Sherritt International's sudden decision to dissolve its Cuban mining venture?

Sherritt International's decision to dissolve its Cuban mining venture was triggered by the Trump administration's expansion of sanctions on Cuba, which abruptly unraveled the company's decades-long bet on the island and plunged it into turmoil.

Who is Gillon, and how did he help Sherritt navigate the U.S. sanctions crisis?

Gillon is an ex-adviser to President Donald Trump who helped Sherritt by making a case to the U.S. State Department, enabling a preliminary pact that 'bridged the huge gap' between the company and the administration — turning Sherritt from 'collateral damage in a larger policy objective' into a potential beneficiary of U.S. diplomatic intervention.

Trump's Cuba Sanctions Plunge 99-Year-Old Mining Company Sherritt Into Turmoil

May 21, 2026

Sherritt International faces turmoil after Trump expanded Cuba sanctions, threatening its nickel-cobalt joint venture. A potential deal with US investor Gillon may salvage the firm's critical mineral assets amid geopolitical shifts.

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