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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: Re: Now here is something worth reading
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this almost sounds like kry is not considering negotiating anymore......what i mean is, it sounds like whatever ven was asking for, kry deemed it "too excessive".......remember the rusoro "common ground" statement.......RM is making a point of "per the MOC" imo with these two statements the commitments outlined at the time they requested the Bond and Taxes.......and are prepared to build and operate the project as outlined in the Mine Operating Contract.
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In the summer of 2007 the MinAmb approved the Environmental Impact Study and requested a Bond and Environmental Tax payment in order to issue the Environmental Permit allowing for the final construction phase. Crystallex posted the Bond and paid the Taxes and the MinAmb certified receipt of both.
The Company is still awaiting the issuance of the Permit to proceed. Through the advancement of the Project we have observed support in Government Agencies, the Governor's office and local communities.
Crystallex has been recognized in Bolivar State for its social programs and was the recipient of the "outstanding Citizen" award in 2004 for its community programs.
We have built housing in the local communities, paved roads, donated school supplies, built water treatment plants for the local communities, built a sewerage network, upgraded the local medical facility and are in the process of completing a sewerage treatment plant and an 10,000 square foot medical facility for the local communities.
We have purchased mining equipment and fabricated many of the large milling items required for the operating of the Las Cristinas Gold Project and are prepared to build and operate the project as outlined in the Mine Operating Contract.
We hope that the Government will focus on the project and clear the path as outlined in the Contract and follow through with the commitments outlined at the time they requested the Bond and Taxes.
Richard Marshall VP Investor Relations Crystallex International Corporation
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