August 17, 2011 / 4:03 PM / 8 years ago

Venezuela's Chavez: will nationalize gold industry

CARACAS, Aug 17 (Reuters) - Venezuelan President Hugo
Chavez said on Wednesday he plans to nationalize the gold
sector -- including extraction and processing -- and use the
production to pad the country's international reserves.
    Chavez, speaking on state television, said he would carry
out the nationalization through a decree in coming days.
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