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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: Government removes from the freezer project of law of mines
As far as the content of the project, Red he does not have doubts that he will ratify the tendency observed in other sectors to work against the concessions and abrir the door to the scheme of mixed companies through operation contracts.
Looks like Crystallex's model fits well.
In fact, according to Red, this scheme venture decided recently with the company Rusoro Mining for auriferous operation is being applied, as in the case of joint. Red it insists on which the concessionary regime is the appropriate one for the mining development, because it is a business of high risk with low expectations of return by each inverted dollar.
50/50 jv's works too, however, operation contracts present the least risk to the VZ government.
As far as the future of the sector, the vice-president of the camera considers that she is going to continue diminishing the volume of production, because the lack of granting of the environmental permissions, pole stone of many projects, has affected the flow of investments towards this activity.
Small miners are going to find tough treading.
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