Friday, March 07, 2008

Business news

Sherritt International, the publicly-listed Canadian conglomerate that has been in bed with the Castro regime for years, has announced a 6.2 per cent increase in its fourth-quarter profits.

Which is terrific news for Sherritt and its shareholders.

The company has a joint venture with the regime which mines and processes nickel in the Moa region, in eastern Cuba, as well as producing some oil and gas off the island's coast.

According to a statement issued today by the company, Sherritt, has also been given the go-ahead by Havana to expand the power plant it also owns at Boca de Jaruco, taking the plant’s output to 526 megawatts.

The company’s thinking, it appears, is that by becoming directly involved in building up Cuba’s pretty lousy infrastructure – electricity, roads, etc – Sherritt will be “protected” from “any change in the political regime”.



And just how involved is Sherritt with the Castro brothers? Check out the map below, published by the company on its website, to get some idea. The answer is, Plenty.



2 Comments:

Anonymous Anonymous said...

stop your crying and do something about it if you don't like it. Sherritt will be big player in current or free cuba. Get on with it.

3:33 am  
Blogger Laz said...

You are fast my friend, I already have all the information about Sherrit and tomorrow I will post some points about it.

11:36 am  

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