Economy · 12 d ago
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
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January
The US cuts off access to oil from Venezuela; Cuba faces fuel shortages
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Earlier this year
Sherritt shuts its Fort Saskatchewan refinery after Moa's feed runs out
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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.
