Gold Reserve Reaches Agreement With Venezuela To Satisfy ICSID Award

(March 3, 2016, 11:07 AM EST) -- SPOKANE, Wash. — A mining company on Feb. 29 announced that it has reached a possible agreement with the Bolivarian Republic of Venezuela that will satisfy a $740 million award that was issued in its favor by the International Centre for Settlement of Investment Disputes (ICSID) and provides for the completion of a joint mining project.

Gold Reserve Inc. said in a news release that it has entered into a memorandum of understanding with Venezuela for possible settlement of the award, which was issued by ICSID...
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