Something to be said about local jurisdiction!

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NorthLion

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Something to be said about local jurisdiction!

posted on Aug 17, 2011 12:48PM

Venezuela to nationalize gold industry

CARACAS

Reuters

Published Wednesday, Aug. 17, 2011 12:25PM EDT

Venezuelan President Hugo Chavez said on Wednesday he plans to nationalize the gold sector – including extraction and processing – and use the production to pad the country’s international reserves.

Mr. Chavez, speaking on state television, said he would carry out the nationalization through a decree in coming days.

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