Tribunal Awards Rusoro More Than $1 Billion in Venezuelan Lawsuit
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 …