Nov
26

Crystallex, Venezuela Agree to Settle $1.2 Billion Mine Dispute

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  • South American nation seized rights to gold deposit in 2011
  • Lawyers haggling over release of details of the deal

Crystallex International Corp. and Venezuela agreed to settle a $1.2 billion dispute over the 2011 nationalization of a gold deposit in the South American nation.

Ontario Superior Court Justice Glenn Hainey in Toronto approved the settlement on Friday after it was announced two days earlier through filings in Canada. Parts of the agreement remain sealed, including the amount to be paid…

Crystallex, Venezuela Agree to Settle $1.2 Billion Mine Dispute

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