Hmmm....GRZ could be next on the stubborn, arrogant list of interlopers to be "fairly compensated" by Venezuela...How dare they demand recompense for lost profits on gold in the ground. That gold belongs to the PEOPLE! GRZ shareholders are arrogant and greedy (in the mind of Hugo Chavez)...

The representative reiterated that Techint is fully entitled to resort to international arbitration, but that the Venezuelan government is not obliged to accept the terms of any international body. "They have been arrogant, so we have to take all businesses here and they have to be the country to be, but we can not accept that. We regret that the company Ternium has been stubborn."