Welcome to the Crystallex HUB on AGORACOM
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
  • Demo Video
  • Private Messages
  • Edit My Profile
  • View/Edit Portfolio

AGORACOM News Flash

AGORACOM WIRE - FRIDAY MAY 25TH, 2012

FOCUS METALS (TSXV:FMS) Changes Its Name to Focus Graphite Inc.

  • Aim to develop and manufacture the best technology graphite in the world
  • Additional shareholder value will come from investment in commercialized graphene through joint venture partner, Grafoid Inc.

Read More   |   *SPONSOR

INTERNATIONAL PBX VENTURES (TSX:PBX) Signs Copaquire Joint Venture Option Agreement - $90M Potential Payment Read More

AGORACOM Maintenance Alert: Friday Evening Downtime for About an Hour Read More

LOMIKO METALS (TSXV:LMR) Graphite and Zinc Price Outlook is Favourable Through 2013  Read More   |   *SPONSOR

 

 

Message: 2/11 repost of why venezuela terminated LC contract

7horses
Rank: [?]
Treasurer
Points: [?]
544
Rating: [?]
Votes: 27 Score: 2.8
  • Currently 2.9/5 Stars.
Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.

2/11 repost of why venezuela terminated LC contract

posted on Jun 01, 11 02:18PM

http://www.bloomberg.com/news/2011-02-07/crystallex-says-venezuela-terminated-las-cristinas-gold-accord.html

a repost, but its not bad to re-read their grounds for our contract cancellation! KRY had a lack of progress! I expect the arbitage rulings to see the lies and award judgements for KRY accordingly. I just copy/pasted part of the article below

Crystallex Says Venezuela Terminated Las Cristinas Gold Accord

By Jose Orozco - Feb 6, 2011 9:53 PM PT

Crystallex International Corp., a Canadian gold producer and explorer, said the Venezuelan government canceled its contract to develop the Las Cristinas deposit, citing a delay of more than a year.

A letter from the state-run Corp. Venezolana de Guayana says the project in southeastern Bolivar state was “unilaterally terminated,” Crystallex said yesterday in a statement distributed by Marketwire. The letter included a copy of a resolution passed by the CVG, the state owned industrial holding company, on Feb. 3, which stated a lack of “progress” and “reasons of opportunity and convenience” as grounds for cancellation, the statement said.

New Message

Please login to post a reply

AGORACOM Quick Tips

What Is Twitter? Watch Our 5-Minute Tutorial ... Watch Now

President's D.D.

The initial stay in the CCAA proceeding in pdf. read more