Two American Bids Compete for Sherritt's Cuba Nickel Share

Two U.S. offers for Canadian miner Sherritt International's share in Cuba's nickel-and-cobalt operation are awaiting U.S. approval. Sherritt left its partnership with Cuba's government after President Trump's May 1 sanctions order. One bidder is tied to Ray Washburne, the other to Texas oilman Albert Huddleston. Claims worth over $100 million by Citigroup and Office Depot complicate any sale.