Cuba makes overdue payments to Sherritt

Sherritt’s nickel partner made a $14 million payment on behalf of the Cuban partner in Energas. Photo courtesy Sherritt

CUBA STANDARD — Sherritt International Corp. said it received a $28 million distribution from its Moa nickel joint venture in Cuba.

The amount included $14 million in dividend for its 50% share in the joint venture and a $14 million payment from its Cuban partner Cubaníquel, to reduce overdue payments from another of Sherritt’s Cuban partners in electricity joint venture Energas.

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