Not legal, tax or investment advice, and not authorization for any transaction. U.S. sanctions (31 CFR Part 515) prohibit investment or equity in any Cuban business; nothing here is a determination that a transaction is lawful. Structure anything Cuba-facing only with qualified OFAC sanctions counsel and screen every party with QvaPay Sentinel.
Primary sources: OFAC Cuba Sanctions · 31 CFR Part 515 (CACR) · OFAC Cuba FAQs · Cuba Restricted List
Moa Nickel S.A. (Pedro Sotto Alba)
aka Moa Nickel
Cuban Govt 50% + Sherritt (Canada) 50% nickel/cobalt JV. Moa Nickel S.A. is on the OFAC SDN List (long-standing CUBA listing; re-designated under E.O. 14404 on 7 May 2026), and the state nickel enterprises around it at Moa were designated in August–September 2026.
- • OFAC SDN: Moa Nickel S.A. (2026-05-07)
Assets controlled (2)
Moa Nickel + Cobalt Belt
Sherritt retains its 50% interest after reversing a planned dissolution on May 19, 2026, but its direct participation stays suspended — leaving Cuba's flagship nickel-cobalt complex without its Western operator. Recapitalization and restructuring opportunity with ownership unresolved.
Port of Moa
Sherritt retains its 50% Moa JV stake but suspended direct participation after May 2026 US sanctions. Mining and processing have ceased. As feed ran out, Sherritt shut down its Fort Saskatchewan refinery (Canada's only cobalt refinery) in June 2026;