The Globe and Mail reports in its Wednesday edition that Sherritt International said on Tuesday it will not be dissolving its interests in Cuba, reversing an announcement made last week. The Globe's Jake Ross writes that on May 15 the company said it was dissolving the Moa joint venture it operates with the Cuban state-owned General Nickel Company SA. It wasn't immediately clear what caused the reversal. The company said in a press release, however, that it was "maintaining its suspension of direct participation in joint venture activities in Cuba," originally announced on May 7. After that announcement, Sherritt chief financial officer Yasmin Gabriel resigned. Under a 1994 agreement, Sherritt and General Nickel Company SA jointly own a nickel and cobalt mine in Cuba and a refinery in Fort Saskatchewan, Alta. The May 15 statement said that the company was filing an application with the King's Court Bench in Alberta to expedite the process of severing its Cuban assets. In its press release Tuesday, the company said that "unless and until these matters are resolved, Sherritt faces a number of acute operational, financial and legal difficulties including the ability to comply with its debt covenants."