Tag: Gold

Guaido’s Team Told To Comply With UK Court Order In Gold Litigation

London – According to the London-based legal firm Zaiwalla & Co., Guaido’s lawyers sought to argue during an administrative hearing held on Thursday at the London Commercial High Court that they were unable to produce the £400.000 ($529.000) required because of the sanctions in place against Venezuela by the United States.

The BCV counsellor noted that the losing side only raised the issue of the sanctions after the October 20 payment deadline had passed, so judge Sara Cockerill warned them that they should find better excuses, or they will be in “all sort of trouble” for failing to comply with a UK court order.

UK Court Rules Favorably For Returning Venezuela’s Gold

London – A tug-of-war over $1 billion worth of Venezuelan gold stored at the Bank of England took a new turn on Monday as the English Court of Appeal overturned an earlier High Court ruling on who the UK recognised as Venezuela’s president.

The Court of Appeal granted the Nicolas Maduro-backed Banco Central de Venezuela’s (BCV) appeal and set aside July’s High Court judgement, which had found that Britain’s recognition of opposition leader Juan Guaidó as “constitutional interim president of Venezuela” was conclusive.

Gold Legal System United Kingdom Venezuela

After A Visit From The Council, Anti-Gold-Mining Activists Say They Will Fight Any Eviction Attempt

Activists claim the official was not initially forthcoming. They say they noticed a man arriving in a hurried fashion in a white jeep. The man got out of his vehicle and then took photos of the protest caravans. He then tried to leave very quickly. When activists approached him, he identified himself as an official from the Fermanagh and Omagh District Council’s planning office. Activists told The Canary the official said he was taking photos to “build a file on the camp”. The official informed them, they said, that the landowner might have to remove the camp, as they don’t have planning permission for the two caravans on site. When they asked why the council took nine months to approach them, the official reportedly said it had only recently found out about it through social media.

Gold Mining Protests

UK Banks Refuse To Return Venezuela’s Gold

Russia and Venezuela are among the countries the EU, including Great Britain, has imposed sanctions on. Both nations have been targets of London’s vigorous attacks, being blamed for numerous nefarious things they have allegedly done. The UK insists that everyone play by the rules. Meanwhile, London is making mockery of commonly accepted norms in the international relations. The government of Venezuela is seeking to eventually repatriate at least 14 tons of gold held at the Bank of England (BOE). It has recently asked to release the gold bars worth about £420 million or $550 million. This is the right and timely move as the new round of punitive measures recently imposed on Caracas by Washington showed.

Banks Gold United Kingdom Venezuela

Maduro: Venezuela Sitting On 2nd Biggest Gold Reserve On Earth

President Nicolas Maduro announced a new set of measures in the Venezuelan gold industry to combat the U.S. imposed sanctions, which he described as “crazy” and “criminal,” accusing the North American country of blocking, and raising the price of food and medicine imports into the country. The U.S. government announced a new set of sanctions against the Latin American country last week, potentially limiting their gold exports, as announced by the national security senior advisor John Bolton. The sanctions already prohibited institutions, business and anyone from giving any kind of financial support to the Bolivarian Revolution. Maduro answered Bolton’s comments during a televised speech, saying Venezuela is currently certifying 32 gold fields.

Gold Inter-Imperialist Rivalry Sanctions Venezuela

Bank Of England Refusing Venezuelan Request To Return $550 Mln In Gold

Earlier, Caracas indicated that it was looking to repatriate some 14 tons of gold bars back from the UK out of concern that the bullion may be affected by harsh US sanctions against the Latin American country. The Bank of England is refusing to release Venezuela’s gold bars, worth about $550 million or £420 million, back to Caracas, with British officials understood to have referred to “standard” anti-money laundering measures, The Times reports, citing unnamed sources. “There are concerns that Mr. [Nicolas] Maduro may seize the gold, which is owned by the state, and sell it for personal gain,” the newspaper explains. On Tuesday…

Banks Gold United Kingdom Venezuela

Greek State Prosecutes 21 Environmental Defenders

This is Dimitri Lascaris, reporting for The Real News Network from the courthouse in Thessaloniki, Greece, the second largest city in the country. We are here today for the first day of a trial against 21 local residents involving charges of various criminal offenses in connection with an alleged arson at the gold mine of Eldorado Gold in Halkidiki, Greece.

Eldorado Gold Corporation is a Canadian gold mining company. It has assets in Canada, Turkey, Greece, Romania, Brazil and Serbia. It’s headquartered in Vancouver, British Columbia, and its shares are listed on the stock exchanges of Toronto and New York.

Environment Gold Greece Mining

Genocide: Goldminers “Massacre” Uncontacted Amazon Indians

By Staff of Survival International – Public prosecutors in Brazil have opened an investigation after reports that illegal goldminers in a remote Amazon river have massacred “more than ten” members of an uncontacted tribe. If confirmed, this means up to a fifth of the entire tribe have been wiped out. Two goldminers have been arrested. The killings allegedly took place last month along the River Jandiatuba in western Brazil, but the news only emerged after the goldminers started boasting about the killings, and showing off “trophies” in the nearest town. Agents from Brazil’s indigenous affairs agency, FUNAI, confirmed details of the attack to Survival International. Women and children are believed to be among the dead. FUNAI and the public prosecutor’s office are currently investigating. The area is known as the Uncontacted Frontier, as it contains more uncontacted tribes than anywhere else on Earth. Several government teams who had been protecting uncontacted indigenous territories have recently had their funding slashed by the Brazilian government, and have had to close down.

Amazon Genocide Gold Indigenous Peoples Mining

Romania Seeks World Heritage Status For Transylvania Village

By Paola Totaro and Claudia Ciobanu for Reuters – LONDON, Jan 6 (Thomson Reuters Foundation) – Romania has asked the United Nations to make a Transylvanian village boasting 18th century houses and intact Roman mining shafts into a World Heritage site in a surprise 11th hour move that could protect it from a gold mine project. The request to list Rosia Montana was announced as the government of Dacian Ciolos handed over power this week to the incoming Social Democrat Prime Minister Sorin Grindeanu, who won elections last month. Romania’s outgoing culture minister said in a statement late Thursday that a request had been sent to the U.N. Educational, Scientific and Cultural Organization (UNESCO).

Gold Mining Romania

Romania Says No To Europe’s Largest Gold Project

After months of street protests across Romania against Canada’s Gabriel Resources proposed gold mine at Rosia Montana, the parliamentary commission appointed to rework the project rejected it.

Toronto-listed Gabriel (TSE:GBU) was trading nearly 11% lower in early afternoon trade on Monday on the news, although Romania Insider reports “this is not the end for the gold mining project, as the Parliament is expected to draft a new law.”

The $311 million counter is down 65% this year as plans to develop an open-cast mine which once in production will be Europe’s largest producing 500,000oz/year, face increasing opposition from environmental and community groups.