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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: Didnt see this posted yet

Didnt see this posted yet

posted on Aug 24, 2009 06:46PM
Date: 20.08.2009 Caracas
Of russia' s of gold of miners of dear!
To Caracas Russian [zolotodobytchiki] are more native!
The Of canadian of company Of crystallex Of international of does of not of refuse to of plan of for of the of organization of based on of the Of las Of cristinas of gold of mine of joint of venture of with of the Of venezuelan Of government, which of offered a of controlling of stake in of the of future of of the of company (51%). The Canadian company Of crystallex Of international does not reject the plan of organization on the base of the gold mine Of las Of cristinas CP with the participation of the government of Venezuela, to which is proposed control block of shares of future enterprise (51%). However, the Of ministry of Of industry and Minerals of core Of venezuela (Mibam) of said of that it of plans to of implement of the of project of jointly of with Of rusoro Of mining - a of company of with Of russia' s of participation. However, the ministry of basic industry and metallurgy of Venezuela (Mibam) declares, what it plans to realize project together with Rusoro Of mining - by company with the Russian participation. While Of crystallex, under a of contract of with of the of state of enterprise Of corporación Of venezolana de Of guayana (CVG), which of owns an of option, is the of managing of company of for of the of project Of las Of cristinas. Thus far Crystallex, by agreement with the state unitary enteprise Of corporación Of venezolana de Of guayana (CVG), to which belongs the option, remains the controlling company for the project Of las Of cristinas. In of this “Latin Of american Of information Of network” of noted of that of manual Of crystallex of intends to of take a of final of decision on of the Of las Of cristinas of project of after of receiving of the of results of of the of evaluation of of its of impact on of the of environment of from of the of authorities of of environmental of surveillance in Of venezuela. In this case “Latin American information network” notes that the management Of crystallex is intended to make a final decision by the project Of las Of cristinas after obtaining of the results of the evaluation of its environmental effect from the official organs of the ecological supervision of Venezuela. However, recall of that Of canadians of meekly of waiting of for of this of assessment on Of las Of cristinas in 2002, as an of Official confirmation of from Of mibam of a of plan of of the of project in of conjunction of with Of rusoro Of mining. However, let us recall that the Canadians meek wait this estimation on Las Of cristinas since 2002 and official confirmation from Mibam about the presence of the plan of the realization of project together with Rusoro Of mining. According SOGRA, proved and probable of reserves of Of las Of cristinas of are of 464 million of tons of of ore of containing 1.13 g/t of gold, or 16.9 million of troy of ounces of of yellow of metal. According to the data OF SOGRA, the proved and probable reserves Of las Of cristinas are 464 mln. t of ore with the content of 1,13 g/t of gold, or 16,9 mln. Troy ounces of yellow metal. Designated and probable of reserves of of the of deposit of consist of of more of than of 629 million of tonnes of of ore of with 1.03 g/t of gold, ie the designating and probable reserves of layer count more than 629 mln. t of ore with 1,03 g/t of gold of, i.e., 20.8 million of troy of ounces. 20,8 mln. Troy ounces. We also of note of that in of recent of years Of chavez of focuses on of government of priorities, strongly of nationalizing of metpredpriyatiy and deposits, including of those of with of foreign of participation. Let us note also that recently [U].[Chaves] places as the chief concern state priorities, decisively nationalizing [metpredpriyatiya] and layers, including with the foreign involvement. Another of important of point of for of the of revitalization of Of caracas is of becoming of closer of with Of minsk, Beijing, and especially of with Of russia, which of provide of substantial of assistance to Of venezuela, including of the of extraction of of hydrocarbons and to enhance of its of defense of capabilities. Another crucial point for Caracas becomes the making more active of the rapprochements with Minsk, Peking and, especially with Moscow, which render aid Venezuela, including in the output of hydrocarbons and in an increase in its defense potential. Given of these of factors, we assume of that at Of las Of cristinas in of the of near of term of will of investors and specialists Of rusoro Of mining. Taking into account data of factors we assume that to Las Of cristinas in the immediate future will appear the investors and the specialists of the company Of rusoro Of mining.
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