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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: Re: any thoughts on this?
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May 03, 2008 03:21AM
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May 03, 2008 04:27AM
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May 03, 2008 04:43AM
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May 03, 2008 04:52AM
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May 03, 2008 04:59AM
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May 03, 2008 05:01AM

First thought, Sending in the GN or national guard is a response to the blockade that has occurred. Sending them in to guard Las Cristinas as well is more disturbing. However, what I can see is the national guard is there to preserve calm. If this was a true seizure of lands the GN would of been there first thing.

This part is interesting.

In the middle of the confusion of the miners it was clarified that everything must remain in calm so that the Mibam can review the contract of Crystallex, company with which the CVG subscribed an agreement for the concession of the deposit of the Cristinas. With the revision of such aspects they will begin to take measures that soon will be announced, by the moments the Canadian company must leave calm the miners, because otherwise they will rely on the consequences, revealed the engineer Luis Herrera, national director of Control of Mines of the Mibam and president of CVG Minerven.

The denial of the Minbam permit gives Mibam and CVG more power to renegotiate the deal with Crystallex. As mentioned above if Venezuela wanted to kick Crystallex out of their country all they do is deny the permit and move the army in to take control. There would not even be review of the contract.

Third thought the in respirito paragraph I would not pay much attention to, since it is from someone in Jail.

JMHO





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May 03, 2008 06:56AM
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