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Rusoro Mining Ltd.

Company Detail

Description

Rusoro Mining Ltd. is a Russian-backed company incorporated in Vancouver, Canada in 2000. Its main activities are acquisition, exploration, development and operation of gold properties. Until 2012, its main assets were located in Bolívar state, southeastern Venezuela, which included operating gold mines Choco 10 (95%) and Isidora (50%), as well as several exploration and development projects. However in 2011 the Venezuelan government passed a nationalization law taking over all Rusoro's mining concessions. In 2012 the Company filed an international arbitration claim against Venezuelan government.

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