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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: Venezuela's only mistake..

..with Las Cristinas\Las Brisas was trying to steal the asset before it was built. With close to 4 billion dollars in arbitration liabilities....they still need to get someone to pay the additional hundreds of billions of dollars it will cost to build the mine on top of the many millions of dollars and years of delays it will take to reproduce the engineering\environmental work that has already been completed. On top of that....they want to be the majority stakeholder in any JV which means that they pay nothing....their partner takes on all the risk and expends all of the capital while the Venezuelan bureaucrats (astute businessmen that they are) call all of the shots. Rots a ruck on that. Venezuela boasts of being 15th in the world in terms of mineral deposits in the ground....and that is exactly where the minerals will remain the way they run things down there....in the ground. And what is their reasoning for the insanity of the policies that led them to this situation? "They don't like 'THE WEST'". What total A-holes.

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