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Chavez climbs on bullion bandwagon – nationalizes Venezuelan gold industry

Frik Els | August 17, 2011 | 8:11 pm Precious Metals Europe Latin America Gold 

Venezuelan President Hugo Chavez (pictured) said on Wednesday he will nationalize the gold industry, from mining through to processing, and move bullion reserves held in Europe to Venezuela's central bank. Toronto-listed Rusoro is the only large gold miner operating in...

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