for anyone still holding concerns of geographical risk in Joint Ventures with the Cuban Government, here's the Canadian JV partner of almost 30 years Sherritt International:
recent market announcement (9th Feb) for FY2021 performance including their Moa JV project
hit their FY2021 output guidance at Moa JV despite covid challenges and shutdowns
they are planning upgrades and expansions at their Moa JV operation
seeking to maximinise their electricity generation business
$60m in dividends received from the JV
additional $27m USD of planned capital expenditure for mine expansion.
from what I can make further in the actual accounts section of the update:
$52.8m received during FY2021 fromt he Moa JV
a further $8.1m relating to FY2021 timing related
a total of $60m in dividends received from the Moa JV
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