President Miguel Díaz-Canel met with the president of Sherritt International, Leon Binedell, in Havana, to talk about the participation of the Canadian company in the island’s economy and the energy sector.
As published this Saturday the official newspaper Granma, the meeting addressed the participation of this company in the development of “activities such as mining, oil prospecting and power generation.”
Sherritt, one of the foreign entities with the greatest presence on the island, operates in a joint venture in the Moa mining area, in the province of Holguín
The Canadian company has more than 20 years of presence in Cuba and is considered one of the largest foreign investors in the country
In a previous visit to Cuba in November 2021, the executive of the company, based in Toronto, said that he intended to increase nickel production in Moa to continue exploiting the deposits for “several decades,” according to official media.
That mining complex produced 31,506 tons of nickel in 2020, lower than the forecast figure of 33,000 tons for that period.
Sherritt is also working on the exploration and drilling of crude oil on the northern Cuban platform, in conjunction with the state-owned company Unión Cuba Petróleo (Cupet).
The Canadian company has more than 20 years of presence in Cuba and is considered one of the largest foreign investors in the country.
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