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Message: They hold that Las Cristinas move to Russian company

They hold that Las Cristinas move to Russian company

posted on Nov 10, 2008 04:25PM
Legal problems? Yea I would think so!
They hold that Las Cristinas move to Russian company
Monday, November 10, 2008
William Saud, head of small-scale mining, exprsa that the Las Cristinas deposit will be exploited jointly with the Venezuelan state, the Russian group, the signatory countries of ALBA and small-scale mining.

Isidro Casanova



More than a thousand houses are located on the Las Cristinas project in Las Claritas, lists, pending the new partners. Joyful, the leader of the parish miner San Isidro, William Saud said that although justice was done late, getting the game in the Las Cristinas deposit to the transnational gold, the company Crystallex and handing the holding gold to a Russian company that will act together signantes with the countries of the ALBA pact and small-scale mining.

Our informant was referring to the announcements made by Minister of Basic Industries and Mining-MIBAM, Rodolfo Sanz who said that Las Cristinas were rescued by the government and exploiting it will be within the socialist framework in partnership with Rusoro-Agapov , An industry organization that Russian capital is assuming much of the gold mines of the southern Bolivar state, as well as exploitation of a large kaolin deposit, located at Kilometer 88, San Isidro parish, municipality Sifontes.

-The mining towns of San Isidro parish-le-Saud expressed appreciation to make a president of the republic, Hugo Chávez, the minister Rodolfo Sanz, as well as the engineer Luis Herrera, current president of CVG Minerven rescued because Las Cristinas, which will deposit to be placed in the hands of small-scale mining along with state enterprises and strategic partners.

It is the legal problem

Indeed, when the minister Sanz made the announcement of a partnership with Russian capital to exploit the Cristinas, left understanding that there remains a judicial problem.

Another source reported that Crystallex has a contract to operate the Las Cristinas project, this project signed with CVG which is the concessionaire of the reservoir.

Another source confirmed that the geological survey of Las Cristinas, reported a light gold in the order of 15 million troy ounces. The initial project was for a holding to 20 years. It is not yet determined who is liable for investment and maintenance work of the past nine years.

Come to a joint venture

William Saud did not address the legal part of the Cristinas. Just spoke with appreciation that the Venezuelan State has rescued the deposit -

-The Las Cristinas project-holds-must become a joint venture, in which they engage the communities of small-scale mining


The displacement of communities

He recalled that in 1999, indigenous communities were displaced from Las Claritas, to deliver a transnational Las Cristinas. There he began a legal and social problem. This problem has virtually ended because the Las Cristinas project, ALBA will pass into the hands of gold, with the creation of the mining district, driven by engineer Luis Herrera, president of CVG Minerven, giving way to a communal project.

According to Saud, the idea is the development of a mining project, with the participation of small-scale mining. Will be integrated into the project, signantes countries of ALBA-Bolivarian Venezuelan-Latin American Association.
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