Rusoro Mining Ltd V.RML

Alternate Symbol(s): RMLFF

Metals & Mining Gold

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.

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Rusoro Mining Ltd

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Comment by COREDIGGERon Aug 31, 2011 3:12pm

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Post# 18999197

RE: RE: Not sure if this was posted before...

If the reports attributed to Agapov are true, they would be free to sell their portion internationally.

I think a more likely scenario might be that Venezuela pay's Rusoro's portion of the costs associated with any exploration and mine expansion costs.

But Hugo may surprise. He may pay Rusoro Cash and use this as a model for compensation for GRZ and KRY... Although I think GRZ has a stronger case of the two since they actually owned the property vs. KRY only owning a mining contract (and is reflected through KRY's price.

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