Welcome to the Crystallex HUB on AGORACOM

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

Reply New Message

Prev Message Back To Forum Threaded View Next Message

makinmoola2

Rank: President [?]

Points: 10375 [?]

Votes: 87 Score: 3.6 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Re: up 7% in Toronto

in response to

Re: up 7% in Toronto

no_bear

posted on Jan 14, 2009 11:08AM

This was an article yesterday on some ongoing negotiations:

Venezuela may offer Ternium stake in steel maker

1 day ago

CARACAS, Venezuela (AP) — Venezuela is mulling the possibility of offering Ternium SA a 10 percent stake in its largest steel maker. Ternium is a subsidiary of Argentine-Italian conglomerate Techint.

Venezuela nationalized the Sidor steel maker last year, but the government of President Hugo Chavez is still negotiating conspensation payment with Ternium, which owned 60 percent of Sidor.

Mining Minister Rodolfo Sanz said Tuesday that Venezuela could offer Ternium minority ownership of Sidor as part of payment.

Sanz said he expects negotiations with Ternium to conclude within 15 days.

Chavez has moved to nationalize key industries in Venezuela, including the South American country's largest telephone company, electric utilities and oil fields.