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Freeport-McMoRan Inc. Message Board

  • dr_chessalot dr_chessalot Oct 24, 2007 6:11 PM Flag

    FCX Mine in Cuba ?

    Another positive not talked about:

    I am not sure of it but, FCX has or did have a copper mine in Cuba before Fidel took over.

    The question is, does the mine still exist ? Is it operating ? Will we have any legal precedence to reclaim it in the event of Fidel's death ? Is it a significant issue for FCX's future ?

    Appreciate any known info, Thanks.

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    • This has been discussed - always helps to search the thread before posting a question.

      I have not seen an official comment from FCX but Cramer and others believe that Freeport will get the mine back once Castro passes and the trade embargo is lifted.

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