Re: Crystallex Says Only Chavez Can Award Permit for New Gold Mine (great find)

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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

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Re: Crystallex Says Only Chavez Can Award Permit for New Gold Mine (great find)

in response to

Crystallex Says Only Chavez Can Award Permit for New Gold Mine...

infojoe

posted on Mar 05, 2008 05:17AM

Great find Infojoe.

It is unbelievable that this minister has been holding on to permit., I think this is the reason so many of companies and investor sold there shares back in June. There was this rumour around the miners that nothing was going to happen for awhile back then.

What I am curious about are the political liabilities that Sanz mentioned? I don't really see any other liability other than the views of Chavez. Chavez is an environmentalist and has been known to say that gold should be left in the ground rather than mined if there is a hint of damage to the enviroment.

Also the bloomberg article seems to be behind in the news, since Gordon mentioned they have been trying to arange a site visit for the last 3 weeks. The first I have heard of a site visit was from the share holders update about 2 weeks ago.