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  • Reuters11 hours ago

    Cuba seeks to revive mining sector with new lead and zinc mine

    A new lead and zinc mine in northwestern Cuba is on track to start production in October as part of the Caribbean island's attempt to breathe fresh life in its mining sector, the joint venture Emincar overseeing the project said this week. While nickel exports are already one of Communist-run Cuba's main foreign currency earners, the cash-strapped country has untapped potential in other mineral deposits, according to the U.S. Geological Survey. The $278 million Castellanos mine will produce annually 100,000 tonnes of zinc concentrate and 50,000 tonnes of lead concentrate, said executives at Emincar, the venture between Swiss-based commodities giant Trafigura and Cuban state firm Geominera.

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