Foreign investment in Cuba’s mining industry could be in line for further expansion following recent partnership deals.
The country has signed at least two partnership or joint venture (JV) agreements with overseas companies in the past six months, despite COVID-19 challenges.
While mining remains a state-controlled activity in Cuba, foreign companies have been active in the sector through JVs for decades.
Partnerships include the Moa mine (in picture), a 50:50 JV between Canada’s Sherritt International and Cuba’s state-run General Nickel Company, which produced 31,506t nickel and 3,370t cobalt last year.
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