"It says all gold mined in the country must be sold and turned over to the government."

"The government is to have a 55 percent stake in each of the joint ventures and it will also receive 13 percent royalties under the terms laid out in the law."

"Another change is that the new law stipulates that any legal conflicts may be resolved only in Venezuelan courts, eliminating the route of international arbitration."

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Hmm... Is there a need for international arbitration if there are no foreign companies investing in Venezuela? I think not.

Hugo is a high achieving moron!!