Rusoro board member says company to seek settlement with Venezuela

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Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

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Rusoro board member says company to seek settlement with Venezuela

posted on Aug 23, 2016 11:10PM

TORONTO, Aug 23 (Reuters) - Rusoro Mining Ltd. board member Gordon Keep said on Tuesday that the company would seek a settlement with the Venezuelan government after a World Bank tribunal awarded it more than $1.2 billion in an arbitration over the country's seizure of the company's gold mine.

He told Reuters that the board would "probably give a good chunk" of any funds received from Venezuela back to shareholders.