-Venezuela ends Gold Reserve Brisas' concession

(reuters.com)

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2009-05-26

Venezuela has ended a concession held by U.S.-based miner Gold Reserve (GRZ.A) in one of Latin America's largest gold deposits, part of a strategy to increase state control of key economic sectors.

The official gazette said on Monday the government had not granted an extension to the El Pauji concession of the large Brisas project, citing contractual failures

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