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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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Runslow, this is an excerpt of an article Nov 28 2007 where the CVG talks about some of their projects and the amount of employment involved...KRY mentioned also...very good read:



Currently, CVG manages a portfolio of mining projects which are at different levels of implementation, among which are: Projects gold Choco 4 and 10, Las Cristinas,
Choco 6, The Incredible 4C and 4D, Lo Increible 6, and Emilia Draft
exploitation marble dolomítico in the municipality Father Chien, of Bolivar
state.

Gold Project Choco 4 and 10 is now the largest gold producer in the country with 3.2 tonnes per year, is located in the municipality of El Callao Bolivar state and
is operated by the company Promotora Minera Guayana (PMG), it
started operations in 2007, through an investment of 95 million dollars, creating 535 direct jobs and 1,800 indirect jobs.

This project generated during 2007, social benefits vía Advantages Especiales- the community, foremost among which are: construction of the El Choco School, which benefited 100 children between preschool and school age through an investment of 270 billion bolivars.

Construction of the aqueduct in the town of El Choco, which serves 600 people, with an investment of 1,100 billion bolivars, additionally completed the construction of an Ambulatory (next to be opened) and paved streets in the town.

The Incredible Project gold 4C and 4D, located in the municipality of El Callao, Bolívar state, is operated by the company's Mercedes Carapa, associated with an annual production of 800 thousand grams, through an investment of 300 thousand dollars, maintains 10 jobs direct and 30 indirect. As the main social benefit culminated construction of a school in the town of Nacupay, with which benefited 70 children, investing 270 million bolivars.
The Project for the exploitation of marble dolomítico located in the municipality of Padre Chien Bolivar state, operated by the company Fertical Guayana, produces dolomitic lime for steel and agricultural products, distributed to 40 thousand tons CVG Ferrominera Orinoco for the production of pellets and 60 thousand tons for soil amendment (agricultural production), generates 30 direct jobs and 120 indirect and was required an investment of 4 billion bolivars for its implementation.
The rest of the mining projects, initially, are cited in previous stages at the start of operations, mostly in completion of feasibility studies.
The Las Cristinas gold project looks at the approval of permits by the Ministry of Environment, to start production, estimated at 250 thousand ounces per year, an investment of 300 million dollars and a generation of 1,500 direct jobs and 2,500 indirect jobs.
Despite not being in production the Las Cristinas mining project generates benefits to communities, as its operating company Crystallex's compliance with its commitments on asphalted streets, maintenance and recovery from the ambulance, among others.
In 2007, CVG completed the preparation of the Feasibility Study for the Establishment of an Industrial Complex Ceramic and Allied Products, promoted by the Corporation and the Russian company Ruscaolín, planned to settle in the area of Macapaima, Monagas state, which carries an associated investment of 127 million euros, to generate 1200 direct jobs and indirect 4800, the business area will be the use of kaolin for the production of tiles, sanitary, crockery, paintings and ceramic paste.

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