Rusoro Mining soars on Venezuela settlement proposal

“We are very pleased that we have agreed on terms of a settlement with Venezuela,” said Rusoro Chairman Vladimir Agapov. “We look forward to the execution of the settlement agreement and towards our continued relationship with Venezuela in assessing two of Rusoro’s former gold projects regarding a potential partnership to restart production of the Choco 10 and San Rafael – El Placer mines,” he said. The judgement comes after Rusoro recently said it had filed new proceedings to a bid to enforce a US$1.34 billion award against Venezuela. More…