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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: Plausible Deniability
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Aug 28, 2009 06:19PM

I never understood this part about arbitration and the Environmental permit.

We have all the other permits. It's just the environmental permit (I know it's a combined permit that is more complex than a simple enviro-permit)...

So, why can't the project be squashed due to environmental reasons? If we go to arbitration won't the arbitrators just say, "Sorry... environmentally the Vz government can opt to not proceed with this project to protect the water, trees and animals.

This would ignore the damage done by the illegal miners. It would ignore the potential Kolonite (sp?) mining that we expect to happen in the area.

I don't believe that there was a promise from the start that all permitting would go smoothly. Wasn't that one of the risks with these types of projects?

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