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Latin Times
Latin Times
Business
LatinTimes Staff Reporter

Cuba Seized Their Mines in 1960. Now Two American Bidders Want Them Back

The Nicos I.V. oil tanker, sailing under the flag of Saint Vincent and the Grenadines, is seen in the port of Matanzas, Cuba, on February 17, 2026. (Credit: by AFP via Getty Images)

A Toronto-listed mining company that has spent three decades running Cuba's largest nickel and cobalt operation is now the object of a takeover fight between two separate groups of American investors — a contest that traces back to land Havana seized from its owners more than sixty years ago. Whichever side wins, U.S. capital would return to Cuban mining for the first time since those confiscations, a milestone first reported by the Miami Herald.

Two Offers, Two Very Different Structures

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