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A federal judge denied the Bermudian-based company’s attempt to block a rival bid for Venezuelan-owned Citgo

A federal judge said the Venezuelan oil company could not escape repayment on its 2020 bonds

Expenses tied to enforcing its arbitral award from Venezuela surge to $7.2 million in the second quarter

The loss amount in dispute is subject to quantification in the arbitration, but could exceed $7 billion

The action relates to efforts to recognise and enforce the company’s 2014 arbitral award against Venezuela

Two additional and Bermudian-based directors were appointed after the meeting

Paul Rivett will continue to serve as a director and as executive vice-chairman of its board of directors

Shareholders of Gold Reserve Inc are to vote on a plan of arrangement next month

The deal complements parent company’s existing royalty on Cascabel copper-gold project

Crypto insurance company has an operation in Bermuda

Mark Cutifani, CBE, is the former CEO of Anglo American and the chairman of De Beers

Details of transaction revealed in Montreal-based parent company’s report for fiscal 2023