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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: They constitute commission of negotiation for migration of auriferous companies
| They constitute commission of negotiation for migration of auriferous companies |  |
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| Friday, 14 of October of 2011 |
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The Ministry of Basic Industries and Mining also conformed a transition committee that will evaluate the operative and labor situation in the miners. 
453 mining rights are in the hands of private companies The instance will be conformed by Iván Hernandez, Thamara Amao, Oscar Nibbles, Reinaldo Marcano, Arming Giraud, Domingo Garci'a and Rubén Figuera and will be in favor effective of 90 days continuous, according to the Official Newspaper Nº 39,776, of date 11 of October. In this lapse, it will carry out all the necessary activities with the beneficiary companies of the concessions, authorizations for the exercise of small mining, contracts and rentings of concessions of exploration and gold operation, to the aims of the migration to a scheme of mixed companies, it indicates article 3 of the Resolution. The negotiation commission will present/display to the consideration and approval of the Mibam the results of its activities during the indicated lapse. Committee of transition Also, the Mibam solved to also form an operative committee of transition, effective for 90 days continuous, for all the concessions, contracts and rentings of concessions of exploration and existing gold operation in the national territory. The committee will be conformed by Iván Hernandez, Fernando Jose Districts and Jose Corners. The committee and the subcommittees of operation that this one designates will have the amplest faculties of administration and disposition on the goods property or that is in possession of the beneficiary companies of the concessions of exploration and gold operation, to the aims to guarantee the continuity of the operations and the fulfillment of the obligations of labor nature and payment of services, indicates article 2 of the Resolution. Faculty to take part The instance will be able to take part total or the beneficiary companies partially, as well as to take possession from the goods and control of the activities. One authorizes to him, in addition, for “mobilizing banking accounts, signing checks, to guarantee invoices, to issue receipts and settlements of payment, to sign contracts of any nature, to audit, to subscribe agreements, drafts, communications, transactions commercial and any other activity”. The committee will be able to create work tables to evaluate the present situation of the company, as well as the labor conditions. Mining rights At present 500 effective mining rights exist. In the hands of the private sector they are 453 rights, of which only four are operative under the control of the Rusoro Group and the Cooperative Association Mixed Civil disturbance. |
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