US-Cuba thaw will raise hopes of extractives boost
Subject Cuba extractive opportunities. Significance US President Barack Obama's recent visit to Cuba has increased hopes of an economic recovery in the isolated island nation. Cuba is said to have almost 250 mining and energy projects in need of investors and is experiencing a sudden, but modest, investment boost thanks to its rapprochement with the United States. Impacts The prospect of the embargo being lifted could encourage more foreign companies to invest now to beat a possible rush. The end of the embargo would be a boon for Canadian mining firms, facilitating investment, operations and sales. While some firms may sell their Cuban operations, others will see capital injections from US companies. Operational practices will face closer scrutiny, necessitating increased investment in raising standards.