Venezuela will increase its stake in two coal mining companies, including Carbones del Guasare, the country`s biggest, President Hugo Chavez said.
Venezuela currently owns a 49% stake in Carbones del Guasare, with St. Louis-based Peabody Energy Corp and London-based Anglo American plc each owning 25.5%. President Chavez, who announced the takeover on Sunday on state television, didn`t provide details on how much the government would increase its stake, or how much it will pay for the shares.
Monday, May 12, 2008
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There is a discordance with the content found on this headnews.
ReplyDeleteVenezuela isn't announcing a take over of any private mining company, headnews like this one, in most cases, misleads the reader and could anger investors and shareholders, not mentioning upsetting the owners if they ever had a glimpsed at this headline.
Shouldn't it be, Venezuela's recovering and taking control of its own mining or mineral resources.
Every wealthy nation on minerals, energy resources and also aptly efficient on agricultural growth and production must be concerned in securing their Energy and Food supply sovereignities by taking most control of, trasfering governing power to their citizens to ensure, first of all, their labor security and social stability, secondly, soundly paced production, overstocking (no stockpiling), and to guarantee steady deliveries, of both, for private food outlets and supermarkets as well as for the state subsidized low income family food programs and to set these areas of the National Economy free from the market and global crisis manipulation/ speculations and also from the practices of a domestic private sector for which is well known in favoring import, not domestic production, shortaging, stockpiling, speculation and rising prices.
There are Corporate oriented countries where the private sector owns, control and manage the energy and food areas efficiently up to date, that doesn't mean that a State wouldn't.
Well, this efficiency was never seen in Venezuela, now, the State is taking control, sovereign possesion, and it's being efficient.
it's unbelievable that these elites or private groups, for their own personal greed and particular interests,they can actually take over the control and manipulate, create caos,crisis and play games with an area of a Nation or State Economy that is so essential and vital for the survival of its population or humanity itself, disregarding completely the worst possible outcome or case scenario.
COMMENT FROM NEWS DESK:
ReplyDeleteIt is NOT the purpose of VHeadline News to censor the wording of external publications such as the one referred to in this article. The anonymous commentator is, however, enjoying his/her fullest freedom to make his/her point with regard to the external publication's descriptive and we can fully agree that the "nationalization" of already nationalized sectors of Venezuela's sovereign industrial and other sectors is in error and have been at pains to tell our readers such on many previous occasions. It is simply that those who choose NOT to understand will be impervious to any entreaty and perhaps for reasons of their own agenda they will continue to hype nationalization over already nationalized entities. Regrettably while VHeadline Venezuela News is denied the funding to continue the information battle on its main website, we are restricted in what we can do against the very much more powerful forces of the North American disinformation machine. - Roy S. Carson