Geominera S.A.
A Cuban state mineral and salt extraction firm designated by OFAC in June 2026.
Last refreshed: 1 July 2026 · Appears in 1 active topic
Why did US sanctions reach a Cuban mining company?
Timeline for Geominera S.A.
OFAC hits Cuba's main clearing bank
Cuba DispatchBackground
Geominera S.A. is a Cuban state-owned mineral and salt extraction company. OFAC designated it a Specially Designated National on 23 June 2026 under Executive Order 14404, alongside Cuba's main clearing bank and two GAESA subsidiaries.
Founded in 1998, Geominera operates in the extraction and processing of minerals and salt, a hard-currency-earning sector for the Cuban state. Its listing broadens the June 2026 sanctions action beyond finance and logistics into resource extraction.
The designation reflects a US strategy of reaching multiple revenue-earning arms of the Cuban state within a single action, rather than targeting officials alone.
What is Geominera S.A.?
Why did the US sanction Geominera?
