Gold Reserve Wins the Battle, but Rusoro Will Get the Gold

摘要

With the help of a Canadian court Gold Reserve was able to fend off a hostile takeover from Rusoro Mining during February. Gold Reserve is a Canadian mining company, which holds the rights to the Brisas gold/copper project in Venezuela (10 million oz of gold and 1.4 billion Ib of copper). Rusoro is also a Canadian gold miner that operates the Choco 10 and Isidora mines. It is controlled by Vladimir Agapov and his son, Andre Agapov- Russian mining entrepreneurs who have close ties with the Venezuelan government.