National executive authorities give confusing statements about the agreements with China.

Maria Ramirez Hair
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Mining is one of the most stagnant economic activity in recent quarters. William Urdaneta Photo / File

The statements were offered by the officer assigned to the Office of Oil and Mining during a radio Bolivar state Governor Francisco Rangel Gomez, on Thursday morning.

Rodriguez said the "study" will allow determining the exact reserves of all minerals in the rich area of ​​Las Cristinas. "Las Cristinas gold is not only, we assume that copper (...) We are talking about a possibility of finding deposits of silver, and with this we will have a characterization of all minerals."

"No concession is being delivered yet, concessions are the State and the State has control for the operation." He reiterated that what is to be done is an engineering study and the project is carried out together with other offices of the National Executive to promote the development and opportunities in this area.

The deputy minister said the mining sector development plan is part of Simon Bolivar. "Everything is raised in the draft candidate president," he said, to show that this program is also considered small-scale miners.

In the days before President Chavez saw the signing of an agreement with Chinese consortium to develop the Venezuelan mining map, "which is a project of high structural weight for the country's development. It has signed an agreement to begin a project of exploitation of gold and copper in Las Cristinas, one of the largest reservoirs of gold that is not only in Venezuela and Latin America, but worldwide, "he added without elaborating.

Case Crystallex
In March 2011, Crystallex International Corporation has joined the list of applicants before the International Centre for Settlement of Investment Disputes (ICSID) to record the request for arbitration for the illegal termination of the operating agreement of the mine's Cristinas it had signed with the Corporacion Venezolana de Guayana (CVG).

The Canadian request full compensation for the value of your investment in the amount of more than $ 3.8 billion.

In 2009 Gold Reserve Inc. is suing Venezuela for "effective expropriation" Brisas Project and Choco 5, located in Las Claritas.