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Al Zeyoudi meets quarry operators

DIBBA / WAM Dr. Thani Ahmed Al-Zeyoudi, Minister of Climate Change and Environment, met with some of the UAE’s crusher and quarry operators at the Fujairah Culture and Media Authority in Dibba, Fujairah. The meeting is part of Dr. Al Zeyoudi’s plans to conduct a series of visits to various parts of the country, aimed towards highlighting the Ministry’s commitment ...

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Foxconn buys Sharp for $3.5bn

Tokyo / Bloomberg Sharp Corp.’s President Kozo Takahashi and Foxconn Technology Group’s Chairman Terry Gou formally signed a rescue deal on Saturday, ending a takeover drama that spanned four years of often difficult negotiations. Takahashi and Gou, flanked by the flags of Taiwan and Japan, shook hands in front of more than 300 reporters gathered at the Osaka-based company’s Sakai ...

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Indonesian group prepares for $2bn Newmont mine bid

Kuala Lumpur / Bloomberg An Indonesian consortium led by veteran investment banker Agus Projosasmito is preparing to offer about $2 billion for control of Newmont Mining Corp.’s operations in the country after lining up bank financing, people with knowledge of the matter said. The investor group plans to bid for about 80 percent of local operating company PT Newmont Nusa ...

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