Nicolas Maduro is under pressure at home and abroad, and being encouraged by the U.S. to go to “a nice beach somewhere far from Venezuela.” The question is where would -- or could -- he go?
Venezuela Mining News
The government sold a total of 73 tonnes of gold to two firms in the United Arab Emirates and another in Turkey.
The country is reaching for its last card as the deck collapses on President Nicolás Maduro’s failed regime.
You will face severe sanctions if you allow Nicolás Maduro to steal the gold that doesn’t belong to him.
I’m going to start bringing Russian and Turkish airplanes every week so everybody gets scared.
The country’s once vibrant exploration activity plummeted after Chavez came to power in 1999 and nationalized foreign companies’ mining licenses and assets.
Americas Market Intelligence says companies need to do their due diligence.
If the required steps to fully implement the amended settlement do not take place Crystallex will go back to court to seize assets linked to Citgo.
Constantly rising currency inflation means small amounts of gold are being used to pay for everyday staples.
A technical committee representing the coalition projected on Saturday a global oil surplus will resurface in 2019.
The company is investing more than $120 million, which is a first in the history of the South American country.
Nicolas Maduro said the sanctions are "crazy" and "schizophrenic."
Criminal groups fight to gain control of gold mines.
Settlement creates partnership that could lead to restarting production at Rusoro's former mines in the South American country.
The workers were killed in a gold mine in the southern Bolívar state.
The gold is meant as a more stable way for Venezuelans to hold their diminishing funds as inflation in the socialist nation runs at over 100,000 percent.
PDVSA filed an appeal requesting that a Delaware court vacate a decision granting the Canadian miner the right to seize its U.S. assets.
Venezuela’s once prosperous economy destroyed by corruption and mismanagement.
Higher production doesn't necessarily mean higher oil prices are entirely out of the question.
Illegal extraction of gold and other metals and their subsequent smuggling to foreign markets is seen by many as a way to navigate the current crisis.
The bank is selling off gold to keep the country afloat, drawing down its reserves of the metal to $6.6 bn from almost $20 bn at the beginning of 2012.
"The church but the entire world is worried about the environmental degradation that unregulated mining activities are causing in the Bolívar and Amazonas states."
Gold now represents just under 70 per cent of the Central Bank's international reserves.
Judge Richard J. Leon has stayed Rusoro’s CSID Expropriation award against Venezuela registered in the U.S.
Very few of the 150 companies who expressed interest in investing in the Mining Arc actually presented concrete offers.