Approvals

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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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AncientDragon

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Approvals

posted on Oct 15, 2010 10:11AM

FYI, and seeking more info.................

GMO, General Moly Inc. has just recently received "formal approval from the Chinese National Development and Reform Committee to invest in General Moly".....by a Chinese company, Hanlong.

Also the Chinese Ministry of Commerce has subsequently approved a "Record of Decision" (ROD) regarding this investment authorization. It was stated that GMO expects to receive this ROD "by mid 2011".

My question............is this a typical set of steps for a Chinese company to invest overseas, and does it also apply to our circumstance? Does anyone have knowledge about this? Please, facts, not guesses. Right now the only Facts I have are sitting at my elbow in the form of the "Binding Primary Agreement". Of course intelligent and informed opinion, expressed as such, are always welcome.