http://www.miningweekly.com/article/crystallex-says-arbitration-starts-over-venezuelan-mines-2011-10-07

TORONTO (miningweekly.com) – Crystalex Mining, claiming more than $3.8-billion from the Venezuelan government after president Hugo Chavez seized its gold assets, said the TSX had told it this week it would start delisting review if it found the company to not meet the requirements of staying on the bourse.

Crystallex also said formal proceedings at the International Centre for Settlement of Investment Disputes had begun in its arbitration case against Venezuela, with Swiss and Brazilian national Laurent Levy named as president of the tribunal.

The two other members of the Tribunal are US professor John Gotanda and Phillipine national judge Florentino Feliciano.

Separately, Crystallex said that the TSX’s compliance department had asked for information regarding its operating activities, to determine if it still meets listing requirements.

The companies only operating assets had been the Las Christinas, Tomi and La Victoria mines in Venezuela, all of which the government seized as part of its nationalisation drive.

The NYSE earlier this year killed Crystallex’s listing because it’s market capitalisation was no longer big enough to meet the exchange’s requirements.