Canadian gold miner Rusoro Mining Ltd. (TSXV: RML) has been awarded more than $1 billion after a World Bank tribunal said Venezuela unlawfully seized the company’s gold mine, according to news reports and a news release from Rusoro. The company says it was awarded damages of $967.77 million plus interest, taking the total above $1.2 billion. Rusoro says it filed an arbitration request in July 2012 under the Canada-Venezuela Bilateral Investment Treaty. With the award, the tribunal upheld Rusoro’s claims that Venezuela expropriated Rusoro’s investments without paying compensation and by imposing certain restrictions on the export of gold, the company says.