Daily Archives: 07/02/2020

British Court Refuses To Release Venezuelan Gold To Maduro

18 months ago, the ‘virtue-signaling’ Bank of England stuck a knife between the ribs of Venezuela’s embattled socialist leader, Nicolas Maduro, a former bus driver and anointed successor of Huge Chavez who managed to cling to power last year despite a Western-backed coup attempt led by opposition leader Juan Guaido, whose government was officially recognized by dozens of foreign governments.

But when the Venezuelan military refused to break with Maduro, choosing instead to back him over Guaido, Guaido gradually faded into irrelevance.

Endeavour becomes West Africa’s top gold miner

Canada’s Endeavour Mining (TSX:EDV) said on Thursday it had completed the C$1 billion ($732m) acquisition of smaller rival Semafo, which has created West Africa’s top gold producer.

With the merger completed, Semafo’s president and chief executive Benoit Desormeaux, has assumed as Endeavour’s new president.

Semafo’s chief financial officer, Martin Milette, was set to be group CFO, but he has informed Endeavour that, for personal reasons, he won’t be able to relocate to London.