Cuba and China to sign deals to boost nickel production on the island

[Mika]

Cuba and China to sign deals to boost nickel production on the island
http://www.channelnewsasia.com/stories/afp_asiapacific_business/view/117704/1/.html

HAVANA : Agreements signed during next week's visit by Chinese President Hu Jintao should allow Cuba to double production of nickel from its current level of 75,000 tonnes a year, according to Cuban President Fidel Castro.

"These are big, big investments," Castro said in a four-hour televised address late Tuesday.


He said the Chinese investments would eventually mean that "nickel production, which is now of 75,000 to 76,000 tonnes (annually) -- will double."

He stressed that Cuba would retain 51 percent ownership of companies created with Chinese capital.

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