Welcome to the Crystallex HUB on AGORACOM

Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

Free
Message: Re: Looks like Cemex not affected

Apr 07, 2008 10:50AM

this was taken from a coroni article..looks like he's nationalizing cemex but will pay for it...

Government wishes a discussion "cordial'" with cementeras Wednesdays, 09 of April of 2008 the Swiss group Holcim, the second cementera of the world, said east Tuesday that hopes that the conversations with the Government of Venezuela on their plans of nationalization of the industry of the cement satisfy to both parts. Mexico. - The Government of Venezuela trusts having "a warm" negotiation and of mutual benefit with the foreign cementeras companies that will nationalize, the Venezuelan ambassador in Mexico Roy Chaderton said to Tuesday. The House of Representatives, in as much, approved I exhort so that the Mexican executive "conducts conducive the legal and diplomatic battles in defense of the patrimony" of Cemex, the national cementera company that will be including in the nationalization in Venezuela. The Venezuelan ambassador indicated in W Radio that his government already works to grant an economic repayment "on which both parts are in agreement". He considered that the Venezuelan decision to take the control from the companies has been taken with tranquillity by Cemex, the Mexican company leader in the cementero sector in the Andean nation and including in the nationalization. "the priorities for the country force to take this type from decisions, but through a negotiation of mutual understanding, mutual respect and good common intensities", it said. Chaderton added that the negotiation "is expected warm, with good understandings and for the benefit of both parts". Venezuelan minister of Energy Rafael Ramirez announced Monday that the government of president Hugo Chávez will take the control from at least 60% of the actions of three foreign cementeras companies, that would have the option to stay like minority partners. The companies include Cemex, the Lafarge French and the Swiss Holcim Ltd. (AP)
Share
New Message
Please login to post a reply