Venezuela, Chavez to nationalize gold mining industry

Posted on August 21, 2011 • Filed under: Business, Latin America Mining, Venezuela

Venezuelan President Hugo Chavez says he plans to give the government exclusive control over the nation’s gold mining industry to boost the country’s international reserves. Speaking on state television Wednesday, President Chavez said he will issue a decree in the coming days to nationalize operations currently under the control of private and foreign companies. Read Article

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