Re: Russian finance mining projects
in response to
by
posted on
Jul 30, 2009 02:52PM
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
"We have agreed with the Ministry of Natural Resources grant funds secured by its exports," Ivanov said during a meeting of Russian and Venezuelan delegations on Monday night.
It seems that the Russians haven't been told about the requirement to sell 70% of the gold locally. After all that only leaves 30% for export, which is a pretty skinny proportion on which to base the security of the funds required to buiild a mine especially after costs are taken out..... or just maybe they are getting an exemption from that requirement! Hugo wouldn't play favorites? would he???