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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: Re: BCV must reconsider conditions of sale of gold

Zambrano mentions Resolution 090603 of the BCV, published the 16 of June of the 2009. This Resolution modifies first. It establishes then that 50% of the production can go to the internal market; 25% for BCV and 25% for the national jewellery, but this Resolution is only valid for the mixed companies and in the case of the municipalities of the South, a mixed only exists company that is Venrusca, which forms associative capital between the national Government and contributes Russian.

The moral of the story: Either you join Venrusca or you do not survive.

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