RR Phantom
Location : Wasted Space Job/hobbies : Cayman Islands Actuary
| Subject: THIEVING STATIST SCUM: Chavez to nationalise Venezuela's gold sector Thu Aug 18, 2011 4:17 am | |
| Venezuela will nationalise its gold industry and is moving its international reserves out of Western countries, President Hugo Chavez said on Wednesday in a combative step ahead of his re-election bid next year.
The moves will make the finances of South America's biggest oil exporter even murkier as the 57-year-old socialist leader gears up for an election battle that was already looking close even before he was recently diagnosed with cancer.
Chavez has put large parts of Venezuela's economy under state control and is now targeting the gold industry after his government quarreled with foreign companies who complained that limits on how much gold they could export hurt their efforts to secure financing and develop projects.
http://www.smh.com.au/business/world-business/chavez-to-nationalise-venezuelas-gold-sector-20110818-1izkf.html |
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