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Topic - Hugo Chavez
Aug 06, 2014
With violent antigovernment demonstrations petering out and many of his leading opponents now muzzled, Venezuelan President Nicolás Maduro might be forgiven for thinking his administration is now on firmer ground. However, the underlying causes for the disturbances...
May 07, 2014
Voters queue to cast their ballots in Bekkersdal, near Johannesburg.
South Africans voted in the first "Born Free" election on Wednesday, with polls suggesting the allure of the ruling African National Congress as the conqueror of apartheid will prevail even among those with no memory of white-minority rule. Voters young and old...
Mar 28, 2014
The tensions between the West and Russia, sparked by the political turmoil in Ukraine, carry echoes of Cold War geopolitics. But, in today’s world, energy often lies at the heart of geopolitical manoeuvrings. Conflicts over energy resources – particularly oil and gas...
Sep 10, 2013
TSX-V-listed Rusoro Mining on Monday announced that the British Columbia Securities Commission, the Ontario Securities Commission (BCSC) and the Autorité des Marchés Financiers have granted full revocations of the cease trade orders issued by each of them against the...
May 22, 2013
Canadian securities authorities suspended trade in TSX-V-listed Rusoro’s stock late on Tuesday, as a result of the company’s failure to file its 2012 full-year financial results, as required by Canadian continuous disclosure rules. Rusoro on Wednesday said the filing...
Mar 21, 2013
Vancouver-based Rusoro Mining on Thursday filed a $3.03-billion claim in its arbitration against the Bolivarian Republic of Venezuela before the World Bank's International Centre for Settlement of Investment Disputes (ICSID). The Russian-owned company filed the claim...
Oct 18, 2012
Russian miner Rusoro this week said it had obtained an order from the Ontario Superior Court of Justice dismissing the legal action brought by Gold Reserve against Rusoro, and the counterclaim it brought against Gold Reserve. In December 2008, the company had...
Feb 25, 2012
Venezuela will develop its huge Las Cristinas gold project in partnership with Chinese state investment company CITIC, President Hugo Chavez announced on Friday. The government last year cancelled Canadian company Crystallex International's permit to develop the...
Oct 19, 2011
Oct 07, 2011
Sep 22, 2011
Aug 30, 2011
Aug 18, 2011
Grant Thornton International this week added to the chorus of companies warning that increased government intervention in the mining sector across the world, saying it is raising uncertainty to “acute levels”. Changes to taxation, nationalisation and environmental...
Aug 18, 2011
TSX V-listed Rusoro Mining on Thursday said it had received no correspondence from the Venezuelan government that its gold operations in the country would be nationalised, and that President Hugo Chavez’s televised remarks the previous day were directed at illicit...
Feb 07, 2011
Shares in Crystallex International dropped almost 40% on Monday, after the company said at the weekend that the government of Venezuela has “unilaterally terminated” the mining contract for its flagship Las Cristinas project. Crystallex received a letter from...
Jun 07, 2010
Beleaguered Canadian junior Crystallex has agreed to sell two-thirds of its flagship gold project in Venezuela to a powerful new Chinese partner, and has secured the initial blessing of the Venezuelan government for the deal, the company announced on Monday....
Apr 26, 2010
Venezuela's President Hugo Chavez on Sunday ordered troops to crack down on wildcat miners who use mercury, chain-saws and high-pressure hoses to strip gold from beneath the South American nation's jungles. Venezuela's southern forests contain some of Latin...
Feb 22, 2010
Some 70 developed and developing countries, responsible for about 80% of the world's greenhouse gas (GHG) emissions, had submitted emission mitigation pledges to the United Nations Framework Convention on Climate Change (UNFCC) by Monday. Initially, the Copenhagen...
Feb 05, 2010
Those who were expecting clarity and resolution on how the world would tackle climate change beyond 2012 to emerge from the Copenhagen conference in December will have to wait. The fair, ambitious and legally binding agreement that many were hoping would come out of...
Feb 05, 2010
Those who were expecting clarity and resolution on how the world would tackle climate change beyond 2012 to emerge from the Copenhagen conference in December, will have to wait.
Oct 22, 2009
Spokane, Washington-based Gold Reserve has filed a claim for international arbitration in a dispute with the government of Venezuela, the firm announced on Wednesday. Gold Reserve filed a request for arbitration, seeking compensation for the losses caused to the...
Oct 15, 2009
TSX Venture Exchange-listed Rusoro Mining expects to finalise a feasibility study on expanding output at its Choco 10 mine in the first half of next year, and will then set about raising the $220-million or so that it needs to fund the project. Choco 10, which...
May 26, 2009
Spokane, Washington-based Gold Reserve will “actively defend its rights” to a concession, El Pauji, near its Brisas project, in Venezuela, the company said on Tuesday. But, in what may provide additional cause for concern for Gold Reserve shareholders, the firm also...
Feb 11, 2009
Vancouver based Rusoro Mining has withdrawn its hostile takeover bid for Gold Reserve, the company announced on Tuesday. Earlier in the day, Ontario Superior Court Justice Peter Cumming granted Gold Reserve an interlocutory injunction restraining Rusoro from going...
Feb 10, 2009
The Ontario Superior Court of Justice has granted an interlocutory injunction restraining Rusoro Mining from proceeding with a hostile takeover bid for Gold Reserve, until a trial into the matter is concluded. Gold Reserve applied for an injunction against the bid...
Feb 02, 2009
Rusoro Mining, which mines gold in Venezuela and is in the midst of a hostile bid for Spokane, Washington-based Gold Reserve Inc, has applied for an order from the Ontario Securities Commission to cease trade Gold Reserve's shareholder rights plan, the firm said on...
Jan 20, 2009
Vancouver-based Rusoro Mining has given shareholders in Gold Reserve Inc until February 18 to accept its takeover offer, after the original offer period was to have closed this week. However, Gold Reserve, which has rejected the bid as too low, lost no time in...
Jan 14, 2009
Toronto-based Crystallex International has not been informed by the Venezuelan government about any changes in the status of its Las Cristinas gold project, the firm said on Wednesday. The company was responding to comments reportedly made by President Hugo Chavez,...
Dec 15, 2008
TSX Venture Exchange-listed Rusoro Mining has announced an unsolicited, all-share takeover bid for Gold Reserve, in a move to gain control of the company's large copper/gold project, in Venezuela. Gold Reserve's Brisas mine has been stalled after the government said...
Sep 03, 2008
National oil and gas company PetroSA has qualified as an operator in Venezuela for offshore gas exploration, while its Venezuelan counterpart, Petróleos de Venezuela S.A. (PDVSA), has been invited to participate as an investor in the proposed crude oil refinery at...
Sep 03, 2008
Sep 02, 2008
Sep 01, 2008
South Africa would sign an energy cooperation agreement with oil-rich Venezuela on Tuesday, as part of President Hugo Chavez’s State visit to South Africa, the Department of Foreign Affairs (DFA) said on Monday. The pact would be signed by South Africa’s Minerals...
Aug 27, 2008
TSX-listed Gold Reserve, which is developing the Brisas gold project, in Venezuela, has rejected an unsolicited takeover proposal from Rusoro Mining as “inadequate”. Rusoro had proposed to exchange two of its own shares for every Gold Reserve share.
Jul 10, 2008
Vancouver-based Rusoro, which has bought gold-mining assets in Venezuela from both Hecla Mining and Gold Fields over the last 12 months, has been named as the country's “partner of choice” in the gold-mining industry, the firm revealed on Thursday. Rusoro, whose...
Jun 20, 2008
TSX-listed Rusoro Mining will pay $25-million in cash and shares for the Venezuelan operations of Coeur D'Alene-based Hecla Mining, the company announced late on Thursday.
Apr 30, 2008
Shares in Toronto-based Crystallex International lost more than half of their value on Wednesday morning, after the firm announced that the Venezuelan government had said it would not issue a permit for exploration at the company's Las Cristinas gold project....
Apr 18, 2008
Venezuelan President Hugo Chavez said he plans to nationalise cement companies operating in the country. "Starting from now, all legal and economic measures should be taken to nationalise the national cement industry in the short term," Chavez said, according to a...
Feb 28, 2008
Toronto-based Crystallex International, which is waiting for the Venezuelan government to issue a permit to enable it to start building its Las Cristinas project, in the country's Bolivar state, continues to receive encouraging intimations from various...
Feb 18, 2008
Oil hovered above $95 a barrel on Monday, as investors weighed the effects of a slowing US economy against an escalating row between OPEC member Venezuela and oil major Exxon Mobil. US light crude for March delivery fell 27 cents to $95,23 a barrel by 01:13 GMT. Oil...
Jan 25, 2008
Canadian gold-miner Crystallex International, which plans to develop one of South America's biggest gold deposits, will raise C$60,06-million in a share sale, the firm said on Friday.
Jan 29, 2007
It was last year’s Zambian presidential election campaign that brought the ‘resource nationalism’ issue into focus for Southern Africa. Resource nationalism has been defined as the control, by the State in whose territory they are located, of...
Oct 04, 2005
In a BBC poll to find the person most people in the world would like to lead them, South Africa's former president Nelson Mandela topped the list.
Oct 28, 2003
Venezuelan President Hugo Chavez Sunday defended his government's recent cancellation of mining concessions as "absolutely legal", saying some foreign miners and their local business allies were stealing gold and diamonds without paying taxes.
Oct 24, 2003
Venezuela's Energy and Mines Ministry on Wednesday defended its decision to suspend a technical cooperation accord with De Beers, saying the world's No. 1 diamond company had acted "in an illegal manner" in the South American country.
Oct 21, 2003
De Beers, the world's No. 1 diamond company, has suspended all exploration in Venezuela after the government canceled a technical cooperation agreement without explanation, mining industry sources said yesterday.
Mar 12, 2003
Venezuela's first nickel mine, controlled by international mining giant Anglo American, will reach its production capacity of 18 000 t this year, a company spokesperson said on Monday.
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