Venezuela considers nationalization of gold mines: reports

naaman fletcher

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Mon Apr-26-10 03:03 PM
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Venezuela considers nationalization of gold mines: reports

http://www.marketwatch.com/story/venezuelas-chavez-may-nationalize-gold-mines-2010-04-26?reflink=MW_news_stmp

LOS ANGELES (MarketWatch) -- Venezuelan President Hugo Chavez is reportedly considering the nationalization of gold-mine concessions, a move that could expand government control of another business sector.

In his weekly television and radio address on Sunday, Chavez accused gold miners operating in the country of hurting the environment and exploiting its workers, said media reports. For those reasons, Venezuela may intervene in activity related to gold production, he reportedly said.

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roody

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Tue Apr-27-10 10:24 AM
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1. Good idea. All mining countries should nationalize their mines.

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