Venezuela reached a deal with Canadian miner Crystallex to settle a $1.4 billion arbitration case, safeguarding its valuable US refining company Citgo within the PDVSA family for now. Crystallex has been seeking to force the sale of Citgo so that it could be compensated for Venezuela’s theft of its gold mining project in 2011. Court documents in Canada say that Venezuela made an initial $425 million payment to Crystallex and will pay the rest......
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