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Earthquake Shakes Eastern Caribbean Islands
Port of Spain, May 20 (Prensa Latina) An earthquake of 5.3 degrees on the Richter scale shook several Eastern Caribbean islands without causing damage or casualties, the Seismic Department of the University of the West Indies reported today. The institution stressed that the quake?s epicenter was located southwest of Barbuda, part of the Antigua and Barbuda federation. At the end of last month, ...
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UPDATE 4-Freeport Plains sweeten takeover deal with dividends
Mon May 20, 2013 3:35pm EDT By Michael Erman NEW YORK May 20 (Reuters) - Freeport-McMoRan Copper & Gold Inc took a big step on Monday in its plan to expand into energy, when Plains Exploration & Production Co shareholders approved the miner's $6 billion takeover deal, sweetened by two special dividends. The world's largest listed copper producer's bid to buy Plains, unveiled in ...
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Freeport Sweetens Pot To Win Vote On Plains Takeover Paulson Approves
. The companies said in separate releases Monday that Plains will pay a special one-time dividend of $3.00 per share with Freeport's permission, followed by a one-time $1.00 dividend from the latter once the acquisition closes. Monday's move drew at least one ...
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BRIEF-Paulson Co to support Freeport-Plains deal
NEW YORK | Mon May 20, 2013 9:23am EDT NEW YORK May 20 (Reuters) - * PAULSON & CO SAYS WILL VOTE ALL ITS PLAINS EXPLORATION SHARES IN FAVOR OF TAKEOVER BY FREEPORT-MCMORAN * PAULSON & CO SAYS OWNS 12.8 MLN PLAINS SHARES, OR APPROXIMATELY 9.9 PCT, AS OF THE RECORD ...
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Freeport-McMoRan may make new offer to salvage Plains deal
Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) is working to salvage the deal to buy Houston-based Plains Exploration & Production Co. (NYSE: PXP), Bloomberg reports. Freeport-McMoRan Copper & Gold Inc. (NYSE: FCX) is working to salvage the deal to buy Houston-based Plains Exploration & Production Co. (NYSE: PXP), Bloomberg reports. The Phoenix-based copper and gold mining company needs ...
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Freeport Plains sweeten deal for shareholders
NEW YORK | Mon May 20, 2013 8:29am EDT NEW YORK May 20 (Reuters) - Freeport-McMoRan Copper & Gold Inc and Plains Exploration & Production Co said they would pay shareholders more in dividends if they approved the miner's roughly $6 billion takeover offer for Plains. Shareholders are set to vote on the deal later on Monday. Plains said in a statement that it would pay shareholders a ...
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Gareth Bale is off to the Bahamas on Tottenhams post-season tour
The Tottenham star is understood to be part of Andre Villas-Boas’ squad for a post-season tour to the Caribbean islands, which features an exhibition match against Jamaica on ...
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The Bahamas Journal – Jones Communications Network
For months he has been tight-lipped, but National Insurance Minister Shane Gibson finally revealed yesterday that the National Insurance Board (NIB) forensic audit cost the government a whopping $861,606. The government hired the Grant Thornton (Bahamas) accounting firm to carry out the audit after now axed NIB Chairman Gregory Moss and NIB's Board wrote Minister ...
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FNM PLP Victimised ‘Chrissy Love’
Following the dismissal of a popular morning talk show host from the state-run ZNS Network, the Free National Movement (FNM) has alleged that the Progressive Liberal Party (PLP) has reverted to its old ways of victimising Bahamians. On Monday, veteran talk show host and broadcaster Christina 'Chrissy Love' Thompson was relieved of her duties as host of the popular Immediate Response ...
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Teen Man Accused Of Woman’s Murder
A 17-year-old male resident of First Street, The Grove and 20-year-old Rico Rahming of Sugar Apple Street, were on Wednesday charged with murdering 19-year-old Kevonya Miller. The pair was charged before Chief Magistrate Roger Gomez. According to police, the accused murdered the Florida Court resident between May 9 and May 10. Police found Miller's body last Thursday at the rear of a new ...
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FNM Senators Accept Instruments
Four newly appointed Opposition senators designate received their instruments of appointment from the Governor General Sir Arthur Foulkes during a brief ceremony at Government House yesterday. Former Education Minister Desmond Bannister has been appointed leader of opposition business in the senate. He will represent the opposition in the upper chamber along with former State Minister for ...
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FNM Weaknesses Revealed Laing Miscalculations Made During Election
The Free National Movement's (FNM) recent election loss was due to a number of factors, including the economy, leadership and the party being out-strategised by the Progressive Liberal Party (PLP) according to former State Minister of Finance Zhivargo Laing. Mr. Laing, while appearing as a guest Sunday on Jones and Company yesterday, said a combination of things led to the FNM's ...
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lindbergh smith The Bahamas Ministry of Tourism SuperBowl Add was...
If you were watching the Super Bowl on CBS on Sunday, chances are you saw the primetime debut of a $4.5 million advertisement by the Ministry of Tourism. But since then, the 61-second commercial, intended to encourage visitors to come to The Bahamas, has received both good and bad reviews from Bahamian citizens. Viral comments flooded both Facebook and Twitter as some locals reveled in the ...
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14 still missing feared dead in Freeport Indonesia’s Big Gossan catastrophe
mining news, copper mining, mine safety, mining fatalities, PT Freeport Indonesia, Big Gossan catastrophe, Richard Adkerson, mine rescue, Grasberg ...
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Freeport copper mine deaths climb to 13 in Indonesia
(8 mins ago) Rescuers recovered four more bodies from a collapsed underground room at a massive US-owned gold and copper mine in Indonesia, bringing the confirmed death toll to 13, police said. Fifteen other workers were still missing and feared dead. The Big Gossan underground training facility at the PT Freeport Indonesia mine collapsed last Tuesday when 38 workers were undergoing safety ...
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Meeting on Caribbean Biological Corridor in Santiago de Cuba
Santiago de Cuba, 20 May (Prensa Latina) The 4th Ministerial Meeting on the Caribbean Biological Corridor (CBC) will be held May 21st-May 23rd in this city of eastern Cuba, said authorities from that regional initiative. The previous meetings were held in the Dominican Republic and Haiti, the two countries that, along with Cuba, form the initial nucleus of CBC, which aims, since its creation in ...
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John Bahamian Adventist State Side Finally after 20 years of my experience of ...
The leader of the fastest growing religious denomination in The Bahamas has claimed that the constitution doesn't outline enough measures that protect the fundamental rights of all Bahamians. Pastor Leonard Johnson, leader of the Seventh Day Adventist Church in The Bahamas addressing the Constitutional Commission this past Friday, expressed his disappointment in the way some people in the ...
Bahamas Digest
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Baha Mar integral to Bahamas long-term tourism plans
The Bahamas is already a major tourist destination in the Caribbean, but the financial crisis has reduced tourist numbers worldwide, creating a situation in which The Bahamas now have to compete globally for tourists. The Baha Mar resort, slated as a first-of-its-kind in the Caribbean hotel complex, may help it to do this.
The building of the Baha Mar resort on Cable Beach in Nassau has been seen by industry leaders across the Bahamas as a major investment in the future of the economy and tourism, which makes up a significant portion of the Bahamas’ GDP. It is a huge resort, costing $2.6 billion (by 2008 estimates), and will occupy an area of over 1000 acres. Read more
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