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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: Public and deprived companies affected by new mining norm. crystallex

this is a clip from an article that seems to indicate the deal is pretty much done...i thought some of the old timers might chime in on this one...

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In another order of ideas, the Cristinas, located in the Claritas follows in the arena the destiny of the deposit, to the south of the state Bolivar. The auriferous project has a total of 31 million proven ounces of gold. The transnational company Crystallex has a part of that deposit and still it is about to define his permanence or not in him.

Minister Rodolfo Sanz back announced months in Venezuelan of Television that many of the concessions will stop at the hands of the Venezuelan State. Also one has said that the group Rusoro Mining could be the beneficiary after the exit of Crystallex, that at any moment has denied that the Government him has informed some into those measures.

Unofficially he knows himself that yes there will be agreement with a Russian company but this one will not be Rusoro, but another one with capital 100 percent of the Russian State.

Separating this great deposit with the norm from the sale of 60 percent for the BCV, 10 for the internal market and 30 percent for the international market, they will be affected the small drug dealers of gold, who will have to sell the majority of the metal to the official dollar.

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