Re: My afternoons
in response to
by
posted on
Oct 21, 2010 07:09PM
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
By the time anything hits the Chinese website, an announcement will have already been made. something like this:
http://english.mofcom.gov.cn/aarticle/newsrelease/commonnews/201004/20100406873440.html
I would suspect since a Chinese Bank is financing mining, it might be reasonable to think that another Chinese Company might have a reasonable chance of working out an agreement with Venezuela to access one gold mine since this will not cost VZ anything to do so and VZ will gain over 50% of the output (40% direct tax/royalty revenue plus the in-country costs) . And this same company is extensively involved already with a $7.5Billion dollar rail project. Not to mention the 10/10 Alo Presidente comments.
I know statements in all directions but I am following the money and Chavez himself. If Chavez signed an agreement with RusTech in Russia to replace CREC's MOC, he would have had a photo-op announcing it. RusTech may participate in mining but like I have said before, Venezuela can have a win win win win all the way around with all of the resources available.
OT: Has anyone confirmed beyond the quarterly that GRZ is in talks?