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

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Message: Reuters

This isn't anything new. This has been what Vz has stated will happen at least three years ago. Concessions will be allowed to expire and not renewed, operation contracts will be the process they go to etc."

Have to disagree . My readings have led me to believe that VZ has become more interested in confiscation and not contracts, and especially not with companies based in U.S. aligned countries. Once upon a time, our contract was the model for the rest of the mining industry. But still, no permit. I think what VZ states and what they actually do are two different things.

Was it just me or did anyone else hear Fung say that Crystallex might be 'exempt' from the Central Bank's new law about selling 70% to them at the local Bolivar rate?

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