Re: Translation
posted on
Aug 17, 2008 03:57PM
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
Ran it through Babelfish - Yes, it says we cannot mine in the Imataca:
The little planning and the dispersion that reign in the national mining drew attention of the Government, who this year decided to execute joint policies through the Basic ministries of Industries and Mining, and the Atmosphere to rescue this activity. The office of the Atmosphere, directed by Yubirí Grouse, prepares the last details of the arrangement plans that will define the zones where the mineral operation will be allowed, with the purpose of to diminish the ecological impact of the activity and to clearly establish the location of the concessions. With respect to the operation of gold, the vice-minister of the Atmosphere, Merly Garci'a, informed that she will limit herself the 4 million hectares that form the river basin of the Cuyuní river, to the east of the state solely Bolivar. " The zones where they will operate the miners will define based on the plans of arrangement of the river basins of the rivers Caroní and Cuyuní. And from these plans the appropriate zones will be determined to explode mineral. The one of gold it will be limited the river basin of the Cuyuní" , it said to Garci'a when leaving a meeting in the Commission of Energy and Mines. Even though a part of the Forest Reserve Imataca is in the river basin of the Cuyuní, the vice-minister asserted that to protect the vegetal lung guayanés, in that sylvan zone mining activities will not be allowed. " We must be coherent with our environmental policy. If we spoke of the risks of the climatic change and deliver attacks by the recovery of the forest reserves, we would fall in a contradiction if we do not protect the Reserve of the Imataca" , it added. Prevailed in alert. The future of the concessions to operate Canadian gold to which they inhale the Crystallex and GoldReserve he is uncertain. Garci'a did not say what will happen respectively with these companies that have their fixed glance in the deposits the Cristinas and Brisas. In May last to these two companies one inquired to them that the Government rejected the environmental permission - the unique one that them faltapara the mining project that they would undertake. Month and a half later, the office of the Atmosphere communicated to Crystallex that would reconsider the decision to grant the license to him to operate the more important auriferous deposit of the country. For it, the company would have to optimize the social projects in the zone; to mitigate the effects of the mining deposits in the affected zones of the Imataca; and to improve the cleaning plans when the life of the mine finishes. The Canadian company still waits for the definitive verdict. Rusoro - to traverse of its Promotional branch Mining Guayana, PMG- and the state CVG Minerven they are the unique ones that operate gold in the country, after the exit of the Hecla American. 10 small cuttlefish and Isidora, both deposits of the Pebble that operates PMG, are in the zone included by the river basin of the Cuyuní, reason why there are no majors risks from which they are disqualified when the environmental office defines the operation areas. The case of Crystallex is different. The mining company still hopes that the Government clarifies if the sector of the Sifontes municipality, where it hopes to execute his mining project, is authorized to operate the auriferous mineral. Minister of Basic Industries and Minería, Rodolfo Sanz, initiated the mining control in April to anticipate the restoration of the new productive model that will govern the activity, based on the formation of mixed companies in which the state CVG has the majority of the actions. From 2006 one hopes that the National Assembly or the President approves the new Law of Mines, that will countermand the system of concessions granted by the Republic and takes step to the mixed enterprise model. Nevertheless, the State already began to apply this model with Russian miner Rusoro. After the Hecla American sold by 25 million dollars his right ones on the Isidora deposit to Rusoro, the office of Basic Industries was associated with this one to operate gold. Investment by the ground. The uncertainty that persists between the private miners maintains braking the injection of capital in the sector. " The emission of environmental permissions is one of the main limitations that stop the development of minería" , it said to Gilberto Sanchez, president of the Mining Camera during the assembly of Fedecámaras. The spokesman of the union considers that the Government before modifying the Law of Mines approved in 1999, must worry to fulfill it, because the effective instrument allows the mixed society. Sanchez is not in agreement with which the State wants to assume the majority shareholder of all the mixed companies, but recognizes that is the intention of the Venezuelan authorities. In the management of Hugo Chavez any concession has not been approved to extract minerals. " This it is a key sector in the provision of resources for the manufacturing industries and construction. Incentivarlo" is important; , Sanchez added.