revemin? what about it?

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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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oiramoric

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revemin? what about it?

posted on Sep 06, 2008 09:50AM

we have been told officially by RM that the two entities are separate issues .LC is government owned and we have a contract to build and mine the property.

Revemin is 100% owned by KRY but with no enough ore to process economically has come to a standstill. Here where the negotiation are taking place and why: MIBAM wants to take over the ownership but needs the expertise of KRY into running the mill in order to accommodate the small miners claims. So the negotiation are about : cost of buying the rights at a fare price and cost for running the mill and eventually a percentage of gold produced for payment.