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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
Message: looks like citic not having much luck either
http://www.elmundo.com.ve/Noticias/Actualidad/Noticias/Reconversion-resulto-un-fracaso-para-reubicar-a-mi.aspx
Mining
Conversion was a failure to relocate mining in Bolivar State
1/16/2013 4:38:22 pm | Erika Lopez Hidalgo . - The onslaught of 2400 miners were subject? into The Plan is part Manteco Caura, activated after? failure of actions, and a sleeping draft law. 's call Minera conversion plan that was enacted in June 2006 to address the problem of illegal mining ended up being a complete failure, while the resources for that purpose was never known, industry sources said. For opposition MP, Americo De Grazia, this is one reason why the government decided to implement the Plan Caura, which only deals with suppressing populations cyclically miners, as occurred last Monday at The Manteco , Bolivar State, when they were attacked by some 2,400 National Guard miners in the area. "All mining purpose Decree 8413 (Nationalization of Gold) is considered illegal, all is criminalized and punishable up to jail , and that is unconstitutional because a decree can not penalize anybody, "says De Grazia. assert that including activities related to gold chain are considered illegal, such as jewelry and silverware, since long not delivered licenses or permissions to perform such work.Similarly, millers, truckers carrying sand gold, and all those activities that are binding. Holds Parliamentary De Grazia that the State has ever concrete solutions to an activity that can perfectly coexist with large mining under clear conditions operation. "In many parts of the world that mining is legal, and is supervised and guided in their activities. addition is families whose livelihood depends on the extraction of gold," he said. Miners in the area argue that the conversion never touched its doors. Others say that were surveyed, but they did not know more than a career change offering through state support, while another group says that at the precarious amount of resources to undertake other activities and the lack of guidance, decided to return to the mines. " Being a miner is also a way of life , is a work that is passed from parents to children and become part of our lives, our families. 's hard to think of looking for another job , "a mining in the area. Reality The only legal mining in the country is performing and Chinese Minerven in Las Cristinas , says De Grazia, who recalls that since 2007 there is a draft mining law that rests in the National Assembly. In this bill are designed to develop the foundations of small mining, however it is said that the government has no political will to approve. operators for local military, say people familiar with the matter, it would be inconvenient for the regularization mining illegal, as it is the breeding ground fueling blackmail, extortion and smuggling of fuel, which is part of the military itself. Counting Despite high international prices has been gold, Venezuela has not taken advantage of the situation.Unofficial estimates suggest that Venezuela is among the 16 countries with the largest gold reserves in the world , however, production has declined from 16 tons in the 90's to about 2-3 tonnes today at most. Familiar with the subject, preferring anonymity, say that the Government has signed the deterioration of the mining sector in general. Indeed, information from Banco Central de Venezuela , at the end of 2012 records drop in mining activity in the four quarters: - 3.8 in the first, the second -0.6, -2.2 and -9.1 in the third, the fourth.Repudiation and expulsion of large miners such as Gold Reserve Brisas mine, Crystallex Las Cristinas mine and Rusoro Isidora, El Choco and kilometer 88, suffocated even more activity, while the Venezuelan state was sued by the three before the ICSID. There are serious doubts about the Chinese Citic Group may put into production Las Cristinas. sector voices say who know nothing about mining, and that their interest is not sustained invest in a project that has not produced the first ounce of gold. The worst of the situation, say experts, is that there are no sector plans, no resources, no foreign companies intending to do business in the country that can recover the gold mining activity, and other extractive activities. On the other hand, the gold nationalization law did away with a number of projects that had the small-scale mining of Venezuelan origin.
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