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Message: 50/50 agreement / Chavez visit

50/50 agreement / Chavez visit

posted on Dec 23, 2008 01:46PM

I wonder if we hear anything by next week or at least some more gold mining news out of VZ if this is going into affect? Remember back in Sept when Chavez was supposedly headed to El Callao to inauguate this. I wonder if he is headed there next week?



From a Rusoro pr in July:

The Mixed Enterprise is expected to be formalized within the next 6
months
and will carry on gold exploration, development and mining
activities in the areas being acquired from Hecla.



From the Northern Miner Salamis quote yesterday:

Production from Isidora will ultimately be subject to a 50-
50 joint venture with the Venezuelan government that will go into
effect before the end of the year.

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