Biden government could boost mining in Cuba, says CEO

 Biden government could boost mining in Cuba, says CEO

.( Bloomberg)– Joe Biden’s victory in the U.S. presidential election marks a possible new chapter for one of Cuba’s largest foreign investors.The CEO of Sherritt International considers the result good news for his company, considering the growing sanctions under President Donald Trump. Sherritt produces nickel and cobalt in Cuba for the international market and has a growing energy business on the Caribbean island.”We were prepared for any outcome,” CEO David Pathe said in an interview this week. “Surely Biden’s result is more positive for us over the next few years than a re-election of the Trump government.”Although Sherritt does not make decisions based on assumptions about the direction of U.S. policy, the outcome of the elections leaves the executive hopeful.Best of the Exchange2020
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Redak staff

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