Canadian mining firm asks World Bank agency to arbitrate dispute with Venezuela

July 18, 2012 - 6:52 AM

VANCOUVER - Rusoro Mining Ltd. (TSXV:RML) is asking an arm of the World Bank to arbitrate a dispute with the Venezuelan government. The Vancouver-based gold company says Venezuela breached treaty protections by nationalizing Rusoro's investments in the country without compensation. Rusoro says it has attempted for several months to negotiate an amicable resolution but without success.

News from © The Canadian Press, 2012

More News ...

THOMPSON: More questions than answers following Trump's attack on Iran
OPINION Just six months ago, President Donald Trump said he would “stop the chaos in the Middle East…prevent world war three”. Last week, President Trump ordered the bombing of three Iranian nuclear

iN NUMBERS: Beer, wine and spirits in Kamloops, Okanagan
Everyone loves to go on about how great the wine is in the Okanagan, but good ol’ beer and liquor is too often overlooked. Here are some numbers for wine, beer and spirits in Kamloops and the Okanagan: 8,830: Acres of viney

Texas governor calls for special session after vetoing a bill to ban THC-infused goods
AUSTIN, Texas (AP) — Texas Gov. Greg Abbott vetoed a bill that would have banned consumable hemp products containing THC ingredients in the state, but said he's open to lawmakers passing a new effort to regulate what has become a boomin

Central Okanagan needs 20,000 new homes in five years
Cities around the Central Okanagan have been figuring out how many homes they need to build to keep up with the rising demand, but the regional district has taken a step back to look at the bigger picture. The Regional District of the Centr

Popular penticton News

What’s the deal with the billboards next to the bridge in West Kelowna?
You hear about Kelowna’s natural beauty, the pristine lake, mountains and a growing downtown, but as you round the corner to get onto the William R. Bennett bridge from the west you find you
June 30, 2025 6:00 AM
Innovative café opening in Vernon breaks down employment barriers
An artsy café opening in Vernon this summer will be operated by residents with diverse abilities as part of a broader movement for inclusivity. The Pup-n-Cup Café is not only a
June 29, 2025 6:00 AM
'Lived on love': Couple called Penticton encampment home for a year
If you were walking down any Penticton street in the middle of a nice summer day and saw Mathias Korkowski and Willow Wood walking hand-in-hand, you would likely think they are just another happy
June 27, 2025 6:00 PM
'Expensive umbrella': Musicians disappointed with new $1.6M stage in Kelowna's city park
The new outdoor Island Stage in Kelowna’s Waterfront Park is facing some fierce criticism from musicians who think it was a waste of money. The stage faces west into the sunset, has no
June 27, 2025 7:00 PM
Kelowna curling club fights $7,000 fine after serving beer to undercover teen
The Kelowna Curling Club has successfully fought a $7,000 fine after it served a 17-year-old a beer during the Canadian men's curling championship. According to a June 25 BC Liquor and C
June 28, 2025 6:00 AM

Trending Now

TRENDING NOW: Two women, one pool

View Site in: Desktop | Mobile

Canadian mining firm asks World Bank agency to arbitrate dispute with Venezuela

Trending Now

Kamloops

Kelowna

Penticton

Vernon