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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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Venezuela to strip gold-miners of concessions
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Apr 27, 2010 10:02 Moscow Time
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Hugo Chavez. Photo: EPA
Venezuelan President Hugo Chavez told a local TV channel that his government may annul a number of gold-mining concessions. Last year the Venezuelan authorities stripped the US Gold Reserve Company of such a concession. Currently it is only two foreign companies that are engaged in mining gold in Venezuela, namely the Russian-Canadian Rusoro Company and the Cuban company Geominsal. The Rusoro Director-General Andrei Agapov told the Interfax news agency that the Venezuelan leader’s initiative has basically to do with 5,000 to 7,000 illegal gold-miners.
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