Business · Companies · 3 hrs ago
Sherritt gets U.S. license to deliver fuel to its Cuba mine
Canadian miner Sherritt International has received a U.S. license to buy and deliver fuel to its Moa mine and processing operations in Cuba.
The license is the first of several emergency approvals the company says it needs to restart operations at Moa and processing and refining in Canada.
Sherritt paused work at the Cuban joint venture amid fuel shortages after the United States cut off Cuba’s access to oil from Venezuela in January.
The shortage also left Sherritt without feed inventory from Moa, forcing it to shut its refinery in Fort Saskatchewan, Alberta, earlier this year.
A fuel shipment is expected in the fourth quarter of 2026, and Sherritt says it is working to finalize it.
The company sought the licenses in coordination with Gillon Capital, which is seeking a controlling interest in Sherritt.
Sherritt International Corp. says it has received a U.S. government license to buy and deliver fuel to its Moa mine and processing operations in Cuba.
The company says the license is the first of several emergency licenses needed to restart operations at Moa and processing and refining in Canada.
Sherritt says it is working to finalize the initial fuel shipment, expected in the fourth quarter of 2026.
The company submitted its license requests in coordination with Gillon Capital, which is seeking a controlling interest in Sherritt.
Operations at the Moa joint venture were paused amid fuel shortages in Cuba, while Sherritt’s Fort Saskatchewan refinery shut down after its feed inventory ran out.
- Who
- Sherritt International Corp. received the license from the U.S. government.
- What
- The license authorizes the purchase and delivery of fuel to Sherritt’s Moa mine and processing operations in Cuba.
- When
- Sherritt announced the license on October 20, 2026.
- Where
- The Moa mine and processing operations are in Cuba.
- Why
- The license is needed to support a restart of operations at Moa and processing and refining in Canada.
This story does not have two clearly opposing sides.
The U.S. cut off access to oil from Venezuela, as Cuba faced fuel shortages.
Sherritt shut down its Fort Saskatchewan refinery after running out of feed inventory from Moa, and operations at the Moa joint venture were paused.
Sherritt said it had received a U.S. license to purchase and deliver fuel to its Moa operations.
Sherritt expected the initial fuel shipment.
- License
- U.S. government authorization to purchase and deliver fuel
- Mine
- Moa, Cuba
- Company
- Sherritt International Corp.
- Canadian refinery
- Fort Saskatchewan, Alberta
- Expected initial fuel shipment
- Fourth quarter of 2026
3 sources
What people are saying
The company says it is working to finalize the initial fuel shipment, which is expected to be in the fourth quarter of this year.