Military operation to escort first of Venezuela’s 15,000 gold bars to Caracas central bank (Mining)
Latin American Herald Tribune reports Venezuela's first shipment of 160 – 180
tonnes of gold held abroad was received at Maiquetia International Airport
outside Caracas on Friday night. In operation that also involved tanks and
aircraft, the first of some 15,000 standard 400-ounce bars wrapped in black
plastic inside a caravan of armoured vehicles escorted by 500 soldiers then
made its way to the bank’s headquarters downtown. President Hugo Chavez
announced in August that the South American country plans to repatriate its
gold reserves held by banks in England, the US, Canada and France. The Central
Bank of Venezuela already holds 154 tons of bullion domestically.
Mining
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