Venezuela's Chavez: will nationalize gold industry

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tread_w_care
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Venezuela's Chavez: will nationalize gold industry

http://af.reuters.com/article/metalsNews/idAFN1E77G0TO20110817

Quote:

Venezuela's Chavez: will nationalize gold industry

Wed Aug 17, 2011 4:02pm GMT
 
CARACAS, Aug 17 (Reuters) - Venezuelan President Hugo
Chavez said on Wednesday he plans to nationalize the gold
sector -- including extraction and processing -- and use the
production to pad the country's international reserves.
 Chavez, speaking on state television, said he would carry
out the nationalization through a decree in coming days.
Edited by admin on 11/08/2014 - 06:04

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tread_w_care
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What Miners have assets in Venezuela?

Curious which companies we follow here have exposure.

And how long it will take for other countries to follow suit. 

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"When plunder becomes a way of life for a group of men in a society, over the course of time they create for themselves a legal system that authorizes it and a moral code that glorifies it." - Frederic Bastiat http://en.wikiquote.org/wiki/Fr%C3%A9d%C3%A9ric_Bastiat

ironsky
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If production can be kept

If production can be kept high enough maybe Sean Penn and Danny Glover will be sporting some new bling.

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