The Canada Brief

Economy · 12 d ago

Dump trucks at a mine

Sherritt gets a US licence to restart its Cuban mine

The licence lets the Toronto-based miner buy and deliver fuel to its Moa mine and processing operations in Cuba.

How it got here

  1. January

    The US cuts off access to oil from Venezuela; Cuba faces fuel shortages

  2. Earlier this year

    Sherritt shuts its Fort Saskatchewan refinery after Moa's feed runs out

  3. Oct 20

    Sherritt receives a US fuel licence for Moa

Operations at Moa paused when Cuba ran short of fuel after the US cut off access to Venezuelan oil in January.

And us?

Why it matters

The refinery in Fort Saskatchewan, Alberta, stopped when the feed from Moa ran out. More emergency licences are needed before Moa and the Canadian refining restart.