Venezuela's state-owned mining company
asked a Florida federal court Wednesday to vacate an arbitral award requiring
it to post nearly $63 million in security while its dispute over iron ore
contracts with a British Virgin Islands company rolls on.CVG Ferrominera
Orinoco CA, or FMO, told the court that the arbitral tribunal improperly issued
the Jan. 5 partial final award on security favoring Commodities & Minerals
Enterprise Ltd. before it considered FMO's arguments that the underlying
arbitration agreement was invalid because the Venezuelan government had never..
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