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Rusoro accepts Venezuela settlement proposal

Creamer Media Senior Researcher and Deputy Editor Online
Mining junior Rusoro, which has won a major victory in its international arbitration complaint against Venezuela, has agreed on the terms of a settlement proposal with the South American nation’s government. Rusoro said that Venezuela would pay more than $1.28-billion to acquire the company’s mining data and for full release of the arbitral award issued in favour the miner in August 2016.

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