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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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Vz rejects change in gold export limits plus Khan mentions int'l interest in LC

posted on Jul 08, 2011 04:08PM

Venezuela rejects calls to change gold export limits

Fri Jul 8, 2011 7:49pm GMT

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CARACAS, July 8 (Reuters) - Venezuela rejected calls on Friday to change rules that limit miners to exporting just 50 percent of their gold output, saying the system was "favorable" to foreign companies working in the South American country.

Industry Minister Jose Khan also said the government had received interest from various foreign companies in its giant Las Cristinas gold mine, which has estimated reserves of 17 million ounces but has not been developed since the 1980s. (Reporting by Marianna Parraga; Editing by Alden Bentley)

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