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Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America

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Message: Venezuelan Government Takes it's Time to Clear Gold Exploitation - July/07

Venezuelan Government Takes it's Time to Clear Gold Exploitation - July/07

posted on Jan 14, 2008 07:36PM

 Two candid statements made by the Environment Minister -Yuviri Ortega in the first and last paragraphs. I'm curious if she still has the same attitude today with Gold at US$910/oz? Is Yuviri indicating mining in general is causing environmental damage or is she blaming it on small mining operations?

 News Article

Granting of permits for gold exploitation on south Venezuela is being assessed at leisure, because the economic benefit is lower than potential environmental damages, said Wednesday the Ministry of the Environment.

Canadian Crystallex has waited for years the permits from the Ministry of the Environment and the Ministry of Basic Industries and Mining (Mibam) to develop Las Cristinas, a mine considered as one of the largest gold reservoirs in the world, Reuters reported.

For its part, Canadian Gold Reserve got months ago a construction permit for the small mine Brisas, a neighbor of Las Cristinas, in southern Bolívar state. However, it is still waiting for the exploitation license.

"We are making a comprehensive review of these applications for exploitation," said Minister of the Environment Yuvirí Ortega during a press conference. "Mining has caused most serious damages to the country," she added.

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