CJR, I can save you the trouble of asking the first question. There is no chance RF will name whom they are talking to. They have told me that they don't disclose this type of information.
As far as the quote from the VZ news story by El Progreso goes, here is the whole story from page 34. If you go to page 2 you can read the following:
Caracas, June 7 .- Crystallex International Corp said it would form a joint venture with a unit of China Railway Engineering Corp (CREC) to boost its stalled gold project in Venezuela.
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Mibam maintains its revocation of permission to Cristallex
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Intopress
Caracas, June 7 (Lisa Robles) .- A very reliable source for Intopress the Ministry of Basic Industries and Mining (Mibam) Intopress told that the firm continues with its position not to renew the concession to Cristallex, mining company that was to exploit one of the largest gold deposits in South America to which the permit was revoked.
What we know so far in the study is the information that has been leaked to the press but the Canadian company has not recorded any document to formalize a negotiation with a Chinese company to exploit the mine in the country.
Crystallex International Corp said it would form a joint venture with a unit of China Railway Engineering Corp (CREC) to boost its stalled gold project in Venezuela.
The Canadian mining company had bought the rights to develop the Las Cristinas gold project in Venezuela's Bolivar state, but has been struggling to resolve a dispute with the government environmental permits, as well as the Executive has failed in its employment plan and social development.
The Venezuelan government has launched a crusade in mining for environmental crime was committed in the Caura River where they destroyed ecosystems that take a long time to recover.
As is known the former Environment Minister Ana Elisa Osorio was warned of environmental damage that could result in this company and this was one of the reasons why the government revoked the concession.
The proven and probable reserves at Las Cristinas are estimated at 16.86 million ounces of gold based on a gold price assumption of $ 550, Crystallex said.
Last month, the company said it was seeking a resolution of the controversial permit and may request international arbitration if no agreement is reached.
Parliamentary sources are talking about creating a mining company to be responsible for targeting all mining in the country and do not want him to come to work as once.
It would be a typical company PDVSA would be responsible to handle all the mining business in the country and to make strategic alliances or partnerships with countries it deems appropriate.
We both know there are enough inaccuracies in this story to wonder about how much can we believe. We can debate that we don't have a concession, we have a contract. The statement below is certainly questionable:
failed in its employment plan and social development.
This is also a good one:
What we know so far in the study is the information that has been leaked to the press but the Canadian company has not recorded any document to formalize a negotiation with a Chinese company to exploit the mine in the country.
Maybe the translation is crap but it was a press release not a leak and if anyone wants to see the document there is a link on this page. For those who keep saying wht has nothing come out of CRRC or China Railway Corp. please look at page 9. Unless you believe that Kry forged the signature I'm seeing confirmation from a represenative of China.
If this whole thing turns out to be a scam or a pump and dump, I will be the first to appologize to this board. Until then I wish everyone would take a deep breath and think about what makes sense and what doesn't.
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