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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

Key Question

Why did US sanctions reach a Cuban mining company?

Timeline for Geominera S.A.

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Common Questions
What is Geominera S.A.?
Geominera is a Cuban state mineral and salt extraction company, sanctioned by OFAC on 23 June 2026 under Executive Order 14404.Source: event
Why did the US sanction Geominera?
OFAC listed it to reach a hard-currency-earning Arm of the Cuban state, part of a June 2026 escalation targeting multiple state revenue sources.Source: event

Background

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.

Source Material
Cuba Designations under EO 14404