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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
Comment by COREDIGGERon Aug 19, 2011 9:15am
175 Views
Post# 18959617

RE: RE: RE: RE: A more detailed review from the Gl

RE: RE: RE: RE: A more detailed review from the GlWTFIGOAC, on your point:

"The "new model" has been based on a mixed partnership for years now and now CHavez says he is nationalizing the industry. What part of that don't you understand?There literally hundreds of gold stocks with better prospects than this one in counties where they respect the rule of law and allow investors to make money. Shareholders are the epitomy of the capitalist that Chavez hates with a pashion."

HMM ..not really what Khan is now quoted as saying.  He's suggesting the new framework would eliminate concessions and handing over of mining areas to private foreign companies. They will however provide exploration liscences where the state has majority control ....
 


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