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Rusoro Mining Ltd V.RML

Alternate Symbol(s):  RMLFF

Rusoro Mining Ltd. is a Canada-based company, which is engaged in the operation, acquisition, exploration and development of gold mining and mineral properties. The Company is a gold producer and explorer, with a land position in the prolific Bolivar State mining region in southern Venezuela. It has gold reserves of approximately 5,584,000 ounces and inferred resources of over 6,805,000 ounces. The Company has two mines in production and ten exploration projects (including development and exploration around the mines) which range from early stage to advanced/development stage gold projects in Venezuela. The Company owns and operates the Choco Mill Facility and has a 95% ownership in the Choco 10 Mine. It holds a 50% ownership interest in the Isidora mine (the Isidora Mine). Its subsidiaries include Proyectos Mineros del Sur, PROMINSUR, C.A., Promotora Minera de Guayana, P.M.G., S.A., Corporacion Aurifera de El Callo, C.A., Corporacion Minera Choco 9 C.A., and Corporacion 80.000 C.A.


TSXV:RML - Post by User

Bullboard Posts
Post by jtmenardon Nov 02, 2012 11:31pm
271 Views
Post# 20557898

Very interesting

Very interesting

 

Deficit parts and supplies mining affect Venrus
They call on the authorities to approve resources to operate
EL UNIVERSAL
Friday November 2, 2012 12:00 AM
Ciudad Guayana. - Workers Venrus mining industry, located in the municipality of El Callao in Bolivar State, urged the Petroleum and Mining Minister Rafael Ramirez and President Hugo Chavez, to approve the investment required to raise its gold gold production. 
 
The industry that operated under the joint scheme because an alliance of Russian-Canadian miner Rusoro Mining and the National Executive is currently operated by the state CVG Minerven, after signing the 8413 decree in 2011 that the State reserves exploration and gold mining. 
 
The general secretary of the Union of Revolutionary Workers Union Industry and Allied Gold (Sutriodics) Exaviel Alexander, said the industry faces severe limitations of inputs and spare parts. 
 
"For the few underground mining equipment that are still operating as haul trucks and loaders, workers of miracles with used parts and scrap." 
 
He said the electrical service deficiencies prevents some operating plants and lack of industrial safety equipment affecting staff. 
 
He indicated that limitations make the company so far has reached only 40% of the annual production target. MRC 
 
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