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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: Elections - New Mayor

Re: Elections - New Mayor

posted on Nov 28, 2008 06:57PM

Nobody can say for sure but by looking at the whole paragraph "

Following, Attorney Norelys Lucena González had the right to speak, who identified herself as "the Legal Counselor for the Ministry of Basic Industries and Mining, the Ministry that exerts tutelage over the CVG", and declared the following: "What has been declared by the representatives of Crystallex is true…lets be reminded that the concession was granted by the Venezuelan State to the CVG and in turn, the CVG signed an operation agreement with Crystallex for the exploitation of this project. They have complied with a series of steps, of proceedings set forth in the Law to obtain different permits, until the certificate of natural resources issued by the Ministry of Environment was denied, this is a situation that escapes the MIBAM, an it is a competence, in this case, exclusive of the Ministry of Environment. I imagine that they will exercise their rights, their actions. On our part, we must await the exhaustion of the deadlines and of the administrative and judicial processes on the part of the company to take any decision".

It appears that Gonzalez is backing all our statement with the word TRUE. I also take the phrase escapes the Mibam as meaning they can't understand why the permit hasn't been issued. I'm not sure about the meaning of recovering the mine or if it even refers to Kry but we do know that Sanz denied making the statement that they were giving LC to the Russians or that there was a JV with a combined mine. The last part of the above comments that I underlined explains to me why Sanz hasn't come out and gone to battle for us. If his Russian statements were wrong then they haven't said anything about us except for the term recovering. Rm has said many time that one VZ ministry doesn't publically fight with another department. All conjecture on my part but I'm good with the way I see things shaping up now that the process has moved to this phase.

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