Welcome to the Crystallex HUB on AGORACOM

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: Good news IMHO Emunki
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Nov 11, 2010 10:17AM
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Nov 11, 2010 10:30AM

At least so say officials close to Minister Jose Khan, who recognize the intense battle between those who support the continuation of Crystallex and those who prefer the entry of another company as Rusoro or even third, but this time the Venezuelan government can be the natural resource managers and the manager of the farm. But any chance the CVG or the Ministry of Basic Industries and Mining, must decide what to do in the legal framework to rescind the contract with the Canadian transnational. Legal It should be noted that the contract establishes a set of conditions of the Corporation and Crystallex that were broken since 2002, including the management of environmental permits that would allow the exploitation of the deposit by the MNC, which falls on the CVG because yet the contract remains in effect until proven otherwise through Official Gazette or decree.

This might the best summary I've seen from VZ. It confirms what we all know.

Kry has been saying all along they have support from the agencies that they are dealing with which we have to assume are the government officials that are part of the process.

The paragraph makes it pretty clear that there is a group that wants RML to get LC. Not hard to figure out who that is and which payroll their on.

The talk about a third option that isn't KRY or RML is either Russia or China.

The last line of the paragraph says our contract is still valid as Kry has said all along.

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Nov 11, 2010 08:57PM
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Nov 12, 2010 05:54AM
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Nov 12, 2010 10:53AM
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