- Two men accused of selling meth to undercover cop (6/22/17)
- Cape man stabbed in head, arm after strip-club incident; skull fractured, police say (6/25/17)3
- Police: Man grabbed wheel, tried to kill driver and himself in Jackson crash (6/23/17)
- Jackson scores high in survey of residents; better streets, Aldi are high priorities (6/20/17)4
- Marble Hill mayor hires city manager without board approval (6/21/17)4
- Annual SEMO District Fair event lineup announced (6/23/17)1
- Oran town board fired officer before hiring him as police chief; city officials say they can't remember reason for firing (6/25/17)2
- Two charged in theft of jewelry from Cape storage facility (6/23/17)1
- Playing with fire (6/25/17)
- Judge denies request to revoke sheriff's bond (6/25/17)3
Venezuela takes over cement company
CARACAS, Venezuela -- Venezuela's government seized control of a cement company owned by Mexico's Cemex SAB Monday night after failing to reach a deal on terms for its nationalization.
Backed by National Guard troops, government officials and flag-waving workers occupied at least two Cemex plants.
President Hugo Chavez called the cement nationalization one of many "steps toward socialism," following nationalizations of telecommunications and electricity companies, Venezuela's largest steel maker and major oil projects.
Just before midnight, Oil Minister Rafael Ramirez said the government was expropriating the Cemex subsidiary because "we couldn't arrive at an accord" on compensation terms.
"We're taking over operations," Ramirez said. He raised a fist in the air at the stroke of midnight as the expropriation became official, while workers cheered at the cement plant in the eastern state of Anzoategui.
Two other cement companies, Lafarge SA of France and Switzerland's Holcim Ltd, agreed to nationalization terms for their subsidiaries in Venezuela on Monday.
Cemex acknowledged Venezuela's intent to assume operational control of its plants in a statement, but declined further comment.