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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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Re: Reuters: Venezuela offers Russians big gold projects

in response to

Reuters: Venezuela offers Russians big gold projects

Nikethemutt

posted on Nov 06, 2008 03:12PM

Venezuela offers Russians big gold projects

Thu Nov 6, 2008 6:10pm EST

By Brian Ellsworth

CARACAS (Reuters) - Venezuela plans to build mines at its largest gold deposits with Russian help, the mining minister said on Thursday, apparently killing a years-long bid by two Canadian companies to develop the projects.

...and we thought we had a CONTRACT when all we had was a "bid"

"We have to rescind our relationship with a company that has been working in the zone," Sanz also said, apparently in reference to Crystallex. "We have a legal problem there."

They can't be referring to Vanessa. Wouldn't that be a "legal problem" for Rusoro as well (along with the KRY lawsuit sure to follow)?

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