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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: State interest to become industralist affects its functions
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Sasa, if you don't mind I highlighted a few more sentences in that article:
State interest of becoming an entrepreneur affects their functions
Reduced investment in the mining industry, said Camiva
Worsen problems in the supply of inputs (O. Diaz Mireles / File)
The Venezuelan Mining Chamber (Camiva) argues that the Venezuelan State, in its aim to become "employer operator" of mining, "undermine the effectiveness of their own functions," directly associated with this activity.
The agency notes that the Ministry of Basic Industries and Mining (Mibam) must "improve the fluidity of steps required by the Mines Act, both for the current activity as for the development of new mining projects."
The industry believes, through the House, that "units of the state mining should be structured" in such a way as to seek "greater efficiency in the lead roles and Controller" of it.
The professional body, which is chaired by Gilberto Sanchez Albornoz, considered "inevitable" the establishment of a mineral policy that ensures the responsible use of their resources, promoting their potential and facilitating their development. Policy to guide the actions of the authorities, recognizing the rights of investors and operators. "
It becomes necessary, the agency warns that the Mibam maintained an ongoing dialogue with industry. "There are numerous opportunities to invest in mining projects and lack of legal certainty domestic and international investment has declined significantly."
According to this organization, "the unjustified delays in the processing and issuance of licenses are environmental determinants, as the periods covered by the Mines Act due taxes without cause and that the holders of mining rights have been able to initiate activities in line with the law. The recent measure announced by the government for not delivering environmental permits that were already approved is not understood. "
On the other hand, it says, it "is a cause of the disruption of supplies and materials of mineral origin, both for manufacturing as for construction."
According Camiva "announcements of new legal instruments that call into question the activity of a sustainable mining, poor implementation of existing law, revision and revocation of concessions, the suspension of activities in some fields, the termination of mining contracts in concessions Quarries, mines and plants paralyzed, expropriations and the Ministry of Environment's refusal to grant permits, the problem of supply of inputs. "ML
Reduced investment in the mining industry, said Camiva
Worsen problems in the supply of inputs (O. Diaz Mireles / File)
The Venezuelan Mining Chamber (Camiva) argues that the Venezuelan State, in its aim to become "employer operator" of mining, "undermine the effectiveness of their own functions," directly associated with this activity.
The agency notes that the Ministry of Basic Industries and Mining (Mibam) must "improve the fluidity of steps required by the Mines Act, both for the current activity as for the development of new mining projects."
The industry believes, through the House, that "units of the state mining should be structured" in such a way as to seek "greater efficiency in the lead roles and Controller" of it.
The professional body, which is chaired by Gilberto Sanchez Albornoz, considered "inevitable" the establishment of a mineral policy that ensures the responsible use of their resources, promoting their potential and facilitating their development. Policy to guide the actions of the authorities, recognizing the rights of investors and operators. "
It becomes necessary, the agency warns that the Mibam maintained an ongoing dialogue with industry. "There are numerous opportunities to invest in mining projects and lack of legal certainty domestic and international investment has declined significantly."
According to this organization, "the unjustified delays in the processing and issuance of licenses are environmental determinants, as the periods covered by the Mines Act due taxes without cause and that the holders of mining rights have been able to initiate activities in line with the law. The recent measure announced by the government for not delivering environmental permits that were already approved is not understood. "
On the other hand, it says, it "is a cause of the disruption of supplies and materials of mineral origin, both for manufacturing as for construction."
According Camiva "announcements of new legal instruments that call into question the activity of a sustainable mining, poor implementation of existing law, revision and revocation of concessions, the suspension of activities in some fields, the termination of mining contracts in concessions Quarries, mines and plants paralyzed, expropriations and the Ministry of Environment's refusal to grant permits, the problem of supply of inputs. "ML
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