Friday, October 06, 2006

Our capitalist friends

The large Canadian company that helps mine much of Cuba's nickel, Sherritt International Corp, has confirmed that it expects to expand its already extensive business relations with the Castro regime.

Which seems like a very courageous business move, if you ask me.

The company's Chief Financial officer, Guy Bentinck, has told investors in Toronto that nickel production at its Moa facility in eastern Cuba will rise almost 50 per cent to 50,000 tons a year by about 2010.

You see, Mr Bentinck is supremely confident that the company's investment in the island is "safe", regardless of what happens in Cuba once Fidel Castro dies.

"Our relationships in Cuba are exceptional, and no matter who's in power, that will continue,'' he said, according to this story by Bloomberg. "We operate all the assets and control the technology, that's one of the reasons that our position is so strong in Cuba.''

1 Comments:

Blogger Henry "Conductor" Gomez said...

I guess he's hoping that those mineral rights weren't expropriated from a Cuban individual or US company because if they were you can bet your sweet bippy that they are going to find themselvelves in court in a post-Castro Cuba.

12:40 am  

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