- Published: Sunday, 01 March 2009 05:00
Gold Reserve Wins the Battle, but Rusoro Will Get the Gold
By Steve Fiscor
With the help of a Canadian court Gold Reserve was able to fend off a hostile takeover from Rusoro Mining during February. Gold Reserve is a Canadian mining company, which holds the rights to the Brisas gold/copper project in Venezuela (10 million oz of gold and 1.4 billion lb of copper). Rusoro is also a Canadian mining company with a large land position in Venezuela. It operates the Choco 10 and Isidora mines, processing the ore through the Choco 10 mill facility.