Sherritt International exits Cuba after Trump sanctions force closure of nickel refineries
By
The Economist
You can taste the rush. The dough hadn't risen.
Summary
The article discusses Sherritt International, a Canadian nickel mining company that operated in Cuba for 30 years as the only Western-run resource project there, but was forced to close due to Donald Trump's fuel blockade and additional sanctions. The company announced it would exit Cuba permanently on May 15th. The article suggests that even without embargoes and communism, Cuba would be a poor investment prospect.
Key quotes
· 4 pulledDuring the 1990s the boss of Sherritt International became known as 'Fidel Castro's favourite capitalist'.
For 30 years the Canadian firm's nickel refineries were the only Western-run resource project in Cuba.
On May 15th Sherritt said it would exit Cuba permanently.
Even if the island were not burdened by embargoes and communism it would be a poor investment prospect
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