BNamericas reported that the deadline for private sector mining companies in Venezuela to negotiate and form JV gold companies with the state passed a little more than a month ago causing a lot of uncertainty for the sector.
This is even more the case after the Venezuelan government through state gold miner Minerven took on the management of Vancouver based Rusoro Mining's local operations and took complete control of VenRus, a 50:50 JV between Rusoro and the government.
Although the Venezuelan state effectively took control of Rusoro and VenRus in April only now was the executive committee that will be responsible for overseeing their operations appointed.
NBAD Issues $465m convertible bonds
The National Bank of Abu Dhabi (NBAD) has issued $465m senior unsecured convertible bonds, convertible into ordinary shares of NBAD.
The offering, due in 2018, was increased from an initial
$ 750 m sukuk: Saudi developer closes 1st tranche
Bank Alkhair has announced the successful close of the first tranche of a $ 750 million sukuk program established by Dar Al Al-Arkan Real estate Development Company (Dar Al-Arkan), a major residentia
Chinese crude stockpile rises to 3 month high
China's commercial crude stockpiles rose in April to the highest level in three months, and diesel supplies dropped after the nation curbed refining.