Venezuela ordered to pay $2.17bn to Russian junior for 2011 project expropriation

August 23, 2016

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The government of the Bolivarian Republic of Venezuela has been ordered to pay a Russian-owned junior mining company nearly $2.2-billion in compensation and interest for illegally expropriating the company’s assets without compensation in 2011.
Following the news, Rusoro Mining’s TSX-V-listed stock on Tuesday doubled from C$0.16 to C$0.32 apiece.

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