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.

TSXV:RML - Post by User

Rusoro Mining Ltd

Bullboard Posts

Post by Goldddddon Mar 10, 2019 9:58am

167 Views

Post# 29466097

Changing Award amounts

https://www.euronews.com/2019/03/08/venezuela-must-pay-more-than-8-billion-in-conocophillips-dispute-world-bank

https://www.reuters.com/article/us-conocophillips-pdvsa/conocophillips-and-venezuelas-pdvsa-reach-2-billion-settlement-idUSKCN1L517X

In August both parties agreed at $2B and now the amount is 4 times more...so what will govern..new court decision or the settlement accepted by both parties.

I guess same could happen in Rusoro's case, they are calculating the amount again and i guess with years passing the total amount would increase instead of reducing as per Paris court.

Bullboard Posts

From now on, dynaCERT instead of Bitcoin or NVIDIA?