Breaking News!

Confidential sources had claimed that an announcement will be made in Caracas early on Thursday (May 15) local time effectively capitulating to foreign investor demands for a sense of decency and probity in the long-running saga of the Las Cristinas goldmine. We were told to expect an announcement around 10.00 a.m. ... which has since come and gone ... although we must caution readers to remember that President Hugo Chavez Frias has already stated that Venezuela is NOT Switzerland and that any Venezuelan timing should traditionally be taken with a massive pinch of salt.

Any further denial of the final permit for Crystallex International to begin work under a 40-year mining contract with the Venezuelan Guayana Corporation (CVG) will send strong signals to the international investment community that their investment capital in Venezuela is no loner welcome!