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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: new diario story...

new diario story...

posted on Nov 10, 2008 02:10AM

at this point i'll be suprised if we hear anything until after the elections....maybe it's just political posturing but venezuela has'nt done anything to correct this "misconception"...

They are pleased that the Cristinas happens to Russian company
Monday, 10 of November of 2008

William Saud, leader of small mining, exprsa that the deposit the Cristinas will be operated jointly with the Venezuelan State, the Russian group, the signatory countries of the DAWN and the small mining.

Isidro Casanova

More than thousand houses they are in the project the Cristinas in the Claritas, lists, awaiting the new partners.
Joyful, the mining leader of the parish San Isidro, William Saud expressed that although behind schedule justice became, removing from the game in the deposit the Cristinas to the transnational company of gold, the Crystallex company and giving the auriferous operation to a Russian company that will jointly act with the signantes countries of the pact the DAWN and the small mining.

One talked about our informant to the announcements done by minister of Basic Industries and MinerĂ­a - MIBAM-, Rodolfo Sanz that said that the Cristinas is rescued by the National Government and the operation of the same will be within the socialist frame in association with Rusoro-Agapov, an industrial organization that with Russian capital is assuming good part of the mines of gold of the South of the state Bolivar, as well as the operation of an important deposit kaolin, located in Kilometer 88, parish San Isidro, Sifontes municipality.

- The mining towns of the parish San Isidro - Saud- expressed we do a recognition to him to the president of the republic Hugo Chavez, to minister Rodolfo Sanz, as well as to the engineer Luis Herrera, present president of CVG Minerven because they rescued the Cristinas, whose deposit is going to be put into the hands of the small mining along with companies of the State and strategic partners.

It is the legal problem

Indeed, when minister Sanz made the announcement of an association with Russian capital to operate the Cristinas, it left understood that a judicial problem is pending.

Another source informed that Crystallex has a contract of operation of the project the Cristinas, project this subscribing with CVG that is the concessionaire of the deposit.

Another one of the sources confirmed that the geologic studies of the Cristinas, report an auriferous tenor by the order of 15 million ounces troy. The initial project was for an operation to 20 years. It is pending to determine who is responsible for the investments and the works of maintenance of last the nine years.

We go towards a mixed company

William Saud did not talk about the legal part of the Cristinas. It only referred pleased that the Venezuelan State has rescued the deposit

- The project the Cristinas - it maintains must be constituted in a mixed company, in which there are to participate the communities of small mining

The displacement of communities

It remembered that in 1999, the indigenous communities of the Claritas were moved, to give the Cristinas to a transnational company. There a legal and social problem began. This problem has practically finished because to the project the Cristinas, will happen at the hands of the DAWN of gold, with the creation of the mining district, driven by the engineer Luis Herrera, president of CVG Minerven, giving him passage to a communal project.

According to Saud explained, the idea is the development of a mining project, with participation of the small mining. They will be integrated to the project, signantes countries of the DAWN - Latin American Association Venezuelan Bolivariana.

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