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Message: Venezuela takes control of Crystallex project

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casey13

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Re: Venezuela takes control of Crystallex project - update

in response to Venezuela takes control of Crystallex project by casey13

posted on Nov 07, 08 05:16AM

Venezuela to offer Russians Crystallex gold project

Thu Nov 6, 2008 12:56pm EST

CARACAS, Nov 6 (Reuters) - Venezuela said it will offer a joint venture to Russian-owned miner Rusoro (RML.V: Quote, Profile, Research, Stock Buzz) to operate the Las Cristinas and Brisas gold projects, currently under contract to two Canadian companies, Mining minister Rodolfo Sanz on Thursday.

He told a Russian delegation that a memorandum of understanding would soon be signed with Rusoro.

It appeared that Sanz intends to replace the Canadian companies who operate the projects that contain some of Latin America's largest gold deposits, with Rusoro, but he did not mention their names.

http://www.reuters.com/article/marke... &

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