Cuban President received director of Canadian company Sherritt


Havana, Mar 4 (Prensa Latina) Cuban President Miguel Díaz-Canel received today Leon Binedell, head of the Canadian company Sherritt International Corp, specialized in the mining and oil sectors.

According to a report on the evening television news, both parties discussed the possibilities of deepening the participation of this company in the island’s economic development.

Cooperation could occur mainly in activities such as mining, oil prospecting and power generation, even in the midst of the tightening of the United States blockade against the Caribbean nation.

Also participating in the meeting at the Palace of the Revolution were Cuban Deputy Prime Minister, Ramiro Valdés, as well as the ministers of Foreign Trade and Investment, Rodrigo Malmierca, and Energy and Mines, Liván Arronte.

Currently, the Canadian firm that does business with Cuba since 1994, is in the process of renewing and expanding its assets to meet the challenge of using less fossil fuels.

“A measure of speed is required. The intention is to make the most of production and expansion before the maturity of our debt”, Binedell recently told the Bloomberg agency, which specializes in economic issues.

According to that medium, the North American company announced a greater investment in Cuba to increase production of nickel plus cobalt, essential minerals in the production of more powerful and durable batteries.


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