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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: Re: Dateline....November 3rd (Natalie Garcia attacks us)
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Natalie Garcia is out with an article today saying that Las Cristinas was awarded to Crystallex illegally. If this is true, Vz must give us our money back plus damages.
Defined destination of Las Cristinas PDF Print E-Mail
Wednesday, November 3, 2010
The Las Cristinas gold deposit, one of the richest in Latin America, will be assumed by the Russian companies Rustech and Rusoro Mining, after the situation with the transnational Crystallex is resolved and clarified.
Natalie Garcia
ngarcia@correodelcaroni.com
Photo William Urdaneta
Image
Las Cristinas is a target of mining companies, and its fate now seems to be more clear, but in Russian hands
Rusoro Mining The multinational operating in southern Bolivar state deposits Choco 10, San Rafael de la Camorra, Isidora mine and La Camorra, the latter two in partnership with equal parts of the Venezuelan government would henceforth be responsible-along another company with the Russian Soviet Technologies (Rustech) - to operate the Las Cristinas deposit, previously held by the Canadian Crystallex.
The announcement of this decision will be made, presumably, at the opening of the ramp Simón Bolívar, located in the municipality Sifontes in the hands of the Soviet company, which attended by President Hugo Chávez.
In a telephone conversation with the senior manager Rusoro Mining International, Andre Agapov, said it will participate in Las Cristinas, but to delve into the details referred to the team of journalists to talk to Andrea Padovani, a manager of Rusoro but in Venezuela, who until now has not responded to this newspaper.
Fabric cutting
However, despite being assigned a new dealer in Las Cristinas project which also includes Brisas del Cuyuni, there remains the issue of Crystallex, and the contract it has signed with Corporacion Venezolana de Guayana (CVG), which is what ceded the rights of exploration and commercial gold deposit considered one of the richest in Latin America.
The Canadian paid $ 15 million to CVG, when it was chaired by the governor of Bolivar state today Francisco Rangel Gómez, and in recent days said the national president of the end of this grant through a decision to "nationalize" that is not one because the Venezuelan government reserves to itself all rights to the minerals in the soil and subsoil.
This situation has generated international outcry because there is no differentiation between "nationalization" and "expropriation." Correo del Caroni A questions have come to regard journalists from publications such as VHeadline, requesting clarification of this specific point because the news has been taken as the announcement of the "expropriation of the site to the Canadian Crystallex.
Sources with the Ministry of Basic Industries and Mining (Mibam) CVG's contract with Canada "provides more rights to the transnational to the same rights as the former Ministry of Energy and Mines, which gave the CVG to manage the reservoir, therefore the contract should be null and void. "
This would mean that the decision made by President Chávez is based on a legal dispute where CVG "had exceeded its competence" to conduct exploration and mining concession Las Cristinas.
Legal Framework
Added to this Decree 1757 issued on May 7, 2002 states that "reserves the National Executive through the Ministry of Energy and Mines, the direct exercise of mineral exploration and exploitation of gold deposits are located in in the areas of gold concessions expired and extinguished called Cristina 4, Cristina 5, Cristina 6 and Cristina 7, located in the municipality of Bolivar State Sifontes. "
Therefore, and according to this legal document granting Crystallex Las Cristinas should not have occurred because the contract was authenticated on September 17, 2002 before the Public Notary Fourth of Puerto Ordaz on the number 16, Volume 86, almost four months after publication of the decree that prevented the administration of the mine by entities outside the National Executive.
Despite this far there is no other decision than that taken by President Chávez, to remedy the breach of the decree. Just happen to Rusoro Mining whether the State gives permission for it along with the machine operator RusTech is removing the power granted to the National Executive.
This means that if certain declarations concerning the entry of the Soviet capital to the site, this is at a figure in which the Venezuelan state retains ownership and has an alliance not only with Russia but with the participation of national companies MINERVA, Venrus that is mixed and the National Mining.
Expectations door
Whatever the company starts to operate the Las Cristinas deposit, located in southern Bolivar state and considered one of the richest in Latin America, the villages adjacent to it as Las Claritas, the Km 88, El Dorado and Tumeremo expect that order to get prosperity to their land.
Although millions of ounces of proven gold reserves on the grounds of the municipality Sifontes, as happens in town of El Callao and Guasipati also south of Bolivar, the people lack basic services and seem to be the most neglected of the entity , is for many one of the greatest contradictions.
Wednesday, November 3, 2010
The Las Cristinas gold deposit, one of the richest in Latin America, will be assumed by the Russian companies Rustech and Rusoro Mining, after the situation with the transnational Crystallex is resolved and clarified.
Natalie Garcia
ngarcia@correodelcaroni.com
Photo William Urdaneta
Image
Las Cristinas is a target of mining companies, and its fate now seems to be more clear, but in Russian hands
Rusoro Mining The multinational operating in southern Bolivar state deposits Choco 10, San Rafael de la Camorra, Isidora mine and La Camorra, the latter two in partnership with equal parts of the Venezuelan government would henceforth be responsible-along another company with the Russian Soviet Technologies (Rustech) - to operate the Las Cristinas deposit, previously held by the Canadian Crystallex.
The announcement of this decision will be made, presumably, at the opening of the ramp Simón Bolívar, located in the municipality Sifontes in the hands of the Soviet company, which attended by President Hugo Chávez.
In a telephone conversation with the senior manager Rusoro Mining International, Andre Agapov, said it will participate in Las Cristinas, but to delve into the details referred to the team of journalists to talk to Andrea Padovani, a manager of Rusoro but in Venezuela, who until now has not responded to this newspaper.
Fabric cutting
However, despite being assigned a new dealer in Las Cristinas project which also includes Brisas del Cuyuni, there remains the issue of Crystallex, and the contract it has signed with Corporacion Venezolana de Guayana (CVG), which is what ceded the rights of exploration and commercial gold deposit considered one of the richest in Latin America.
The Canadian paid $ 15 million to CVG, when it was chaired by the governor of Bolivar state today Francisco Rangel Gómez, and in recent days said the national president of the end of this grant through a decision to "nationalize" that is not one because the Venezuelan government reserves to itself all rights to the minerals in the soil and subsoil.
This situation has generated international outcry because there is no differentiation between "nationalization" and "expropriation." Correo del Caroni A questions have come to regard journalists from publications such as VHeadline, requesting clarification of this specific point because the news has been taken as the announcement of the "expropriation of the site to the Canadian Crystallex.
Sources with the Ministry of Basic Industries and Mining (Mibam) CVG's contract with Canada "provides more rights to the transnational to the same rights as the former Ministry of Energy and Mines, which gave the CVG to manage the reservoir, therefore the contract should be null and void. "
This would mean that the decision made by President Chávez is based on a legal dispute where CVG "had exceeded its competence" to conduct exploration and mining concession Las Cristinas.
Legal Framework
Added to this Decree 1757 issued on May 7, 2002 states that "reserves the National Executive through the Ministry of Energy and Mines, the direct exercise of mineral exploration and exploitation of gold deposits are located in in the areas of gold concessions expired and extinguished called Cristina 4, Cristina 5, Cristina 6 and Cristina 7, located in the municipality of Bolivar State Sifontes. "
Therefore, and according to this legal document granting Crystallex Las Cristinas should not have occurred because the contract was authenticated on September 17, 2002 before the Public Notary Fourth of Puerto Ordaz on the number 16, Volume 86, almost four months after publication of the decree that prevented the administration of the mine by entities outside the National Executive.
Despite this far there is no other decision than that taken by President Chávez, to remedy the breach of the decree. Just happen to Rusoro Mining whether the State gives permission for it along with the machine operator RusTech is removing the power granted to the National Executive.
This means that if certain declarations concerning the entry of the Soviet capital to the site, this is at a figure in which the Venezuelan state retains ownership and has an alliance not only with Russia but with the participation of national companies MINERVA, Venrus that is mixed and the National Mining.
Expectations door
Whatever the company starts to operate the Las Cristinas deposit, located in southern Bolivar state and considered one of the richest in Latin America, the villages adjacent to it as Las Claritas, the Km 88, El Dorado and Tumeremo expect that order to get prosperity to their land.
Although millions of ounces of proven gold reserves on the grounds of the municipality Sifontes, as happens in town of El Callao and Guasipati also south of Bolivar, the people lack basic services and seem to be the most neglected of the entity , is for many one of the greatest contradictions.
That is why the opening of the site has a lot of expectations about the possibility of generating more than 3,500 jobs and a big move into the area so depressed and affected by the implementation of alternatives to tackle illegal mining.
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