Venezuela is planning to move fast with a
new mining joint venture announced this week with Spokane, Washington-based
Gold Reserve Inc. and will start extracting the precious metal within six
months, according to central bank President Nelson Merentes. The government
will have a 55 percent to 60 percent stake in the new venture, while Gold
Reserve and partners from the U.S., Germany and Canada will control 40 percent
to 45 percent, Merentes said Friday in an interview in his office in Caracas,
adding that the consortium will be incorporated within a month. More…
No comments:
Post a Comment