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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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Message: Re: The CHinese are very, very shrewd

"If ARB. would take years to resolve,what would happen to Las C.? Could Ven. proceed with the Chinese and issue permits, etc. so China could get on with mining? Could and would KRY be successful with an injunction against any work by China or others on the site pending resolution of ARB.??"

The Venezuelans can do anything they want with LC - with or without the Chinese.

The arbitration claim is for the paying of financial damages. The filing of arbitration in no way restricts VE from mining. The arbitration claim is not the basis for an injunction against wortk proceeding

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Feb 20, 2011 11:19AM
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