A solution was reached in Venezuela’s arbitration dispute with Gold Reserve Inc., with the Canadian company providing a $2-billion loan and a $2-billion investment as part of a mining joint venture, according to president Nicolas Maduro.
Gold Reserve was awarded $750-million by the International Centre for Settlement of Investment Disputes (ICSID) for the 2009 termination of its Las Brisas gold concession by the OPEC nation.
