Venezuela To Pay Gold Reserve $1B Under New Settlement

By Caroline Simson (June 16, 2017, 7:14 PM EDT) -- Gold Reserve Inc. said Friday it's received an initial $40 million payment of a $1.032 billion settlement with Venezuela to resolve a dispute over a canceled mining project, a day after the parties told the D.C. Circuit that the country would abandon its challenge to a $713 million arbitral award that's part of the settlement....

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