Mining Entity Says $740 Million Arbitration Award Remains Unpaid

(January 19, 2016, 1:27 PM EST) -- SPOKANE, Wash. — A gold mining corporation on Jan. 14 reported on various updates in relation to the recent confirmation of a $740 million international award that was issued in its favor and against Venezuela.


The International Centre for Settlement of Investment Disputes (ICSID) issued an award for Gold Reserve and against Venezuela for $740 million. Gold Reserve filed a petition to confirm the arbitration award in the U.S. District Court for the District of Columbia. On Nov. 20, 2015, the District Court confirmed the...
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