• Submitted by: Juana
• Local
• Canada
• Business and Economy
• 03 / 06 / 2017

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Canadian company Sherritt International Corporation criticized the US economic, financial and trade blockade on Cuba, praised its large nickel reserves and ratified that it will keep its investments in the country.
These are outdated and ineffective policies, which would be very positive to eliminate, said David Pathe, President and CEO of the entity, to a question from the ACN at a meeting with journalists, conducted at the Miramar Trade Center.
We always assumed that investing in Cuba was a good idea and our management has been successful since we started it more than 20 years ago, added Pathe who holds the highest position of his company since 2012.
We are never going to make a decision about our presence in Cuba, based on the assumption that they lift the blockade or not, said Pathe, who complained that his executives or his own family cannot visit the United States due to the impact of that measure.
He mentioned that the potential of lateritic minerals in the municipality of Moa, in the eastern province of Holguín, is among the four largest in the world, so we still have a very long future in the nickel-metal business with this nation, he noted.
Pathe referred to the start-up, last July, of the sulfuric acid plant, an important work induced in the nickel industry in that locality, where there is one of the largest investments undertaken by the Cuban Ministry of Energy and Mines.
The new facility is part of the extensive investing program in the nickel industry in Moa, where this type of open-pit mining in the Cuban economy is concentrated.
Sherritt International Corporation has been the largest direct investor in Cuba for over two decades and actively operates in its mining and energy sectors and even has a payroll of 2,500 Cubans. (acn)