Cramer's Mad Money Recap: Profit-Mining

A caller later asked if BHP - as the world's fourth-largest uranium producer -- was really positioned for the future in nuclear energy. Cramer conceded that Cameco(CCJ Quote) was a better pure uranium play and that he still likes ABB(ABB Quote) for nuclear power.

His second pick was Freeport-McMoRan(FCX Quote) It's the lowest-cost copper producer in the world and "Cramer likes companies that can keep their cost down."

Most of their operations are in Indonesia where labor and land are cheap, "and bribing public officials is even less expensive," Cramer said. The New Orleans-based company will be big in gold and copper for years to come, and he recommended them as a buy.

Don't worry about the company getting its copper in Indonesia, even if it is not considered a developed or stable nation, Cramer said. Freeport is one of the biggest tax payers and employers in Indonesia -- the government can even be considered as an extension of the company." It also awards a nice dividend of 2.4% and because the company generates so much cash, they are inclined to pay special dividends.

As for copper in general, Cramer told a caller that he liked Phelps Dodge(PD Quote), but that Southern Copper(PCU Quote) was the best copper play.

Rio Tinto(RTP Quote) was Cramer's third pick, calling it the "metal supermarket to the world." Cramer said its precious metals operations were OK, but this stock merits attention because of the ongoing industrial bull market.

He said all of these companies should benefit from higher prices because the BRIC companies will create more demand.

Cramer said any concerns about these companies' environmental practices or ethics should not bother investors, Cramer said. Individual investors will not stop the companies from strip mining. These companies are big and powerful and they get what they want.