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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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Message: Re: Rusoro Expects Venezuela Production in Second Quarter (Update2)

THIS PART IS VERY INTERESTING:

“The way we foresee it is to develop it jointly with the
Venezuelan government” in a 50-50 joint venture, he said.
“It’s an assumption. Nothing is agreed.”
The government will provide half the capital for the mine,
and the company would raise the other $250 million, he said.
“It’s not that difficult to raise half the capital
expenditure if you have a half already committed,” Agapov said.

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