Crystallex International Corp. WKN 890 729 CA22942F1018 KRY

    Mr. Gordon Thompson, Crystallex President and Chief Executive Officer, commented that, "During 2007, our project partner the Corporacion Venezolana de Guayana ("CVG"), was formally notified by the Ministry of the Environment and Natural Resources of Venezuela ("MinAmb") that all the requirements for the issuance of the Las Cristinas Environmental permit had been fulfilled." :P



    http://biz.yahoo.com/iw/080228/0368302.html


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    http://www.youtube.com/watch?v=zeB1bIr8fUg

    TORONTO, ONTARIO, Feb 28, 2008 (MARKET WIRE via COMTEX) -- Crystallex International Corporation (CA:KRY) (KRY: Crystallex International Corporation) today provided shareholders a recap of achievements and progress for the Las Cristinas gold project in South Eastern Bolivar State, Venezuela.
    Mr. Gordon Thompson, Crystallex President and Chief Executive Officer, commented that, "During 2007, our project partner the Corporacion Venezolana de Guayana ("CVG"), was formally notified by the Ministry of the Environment and Natural Resources of Venezuela ("MinAmb") that all the requirements for the issuance of the Las Cristinas Environmental permit had been fulfilled."
    "MinAmb approved the Environmental Impact Study ("EIS") for the Las Cristinas gold project, and requested the CVG post a Construction Compliance Guarantee Bond and pay certain environmental taxes. Mr. Thompson confirmed that, "The formal notice MinAmb sent to the CVG stated, "the Environmental permit will be issued following the payment of taxes and posting of the bond". Crystallex posted the requested bond and paid the requested taxes. No impediments have been raised in discussions with Government officials, and they've recently confirmed we're in good standing for the issuance of the permit."
    The Company received additional support for the issuance of the Las Cristinas permit in the fall of 2007, when the Venezuelan National Assembly's Commission of Economic Development reviewed the protracted timeline for the issuance of the Las Cristinas environmental permit. Following their October 4th, 2007 hearings, the Commission issued a report noting that representatives from MinAmb, the Ministry of Basic Industry and Mines ("MIBAM"), the CVG, and Crystallex had testified at their hearings. The Commission's report concluded that the CVG and Crystallex had complied with the feasibility study and other legal and technical requirements, thus allowing for the permit to be granted by MinAmb. The Chairman of the Commission recommended MinAmb grant the permit.
    Earlier this year, Mr. Rodolfo Sanz was appointed the Minister MIBAM and President of the CVG, having direct involvement with the Las Cristinas project in both capacities. Crystallex has met with Minister Sanz and expects to host Mr. Sanz at Las Cristinas in the near term.
    Crystallex representatives have also recently met with Perry Calderwood, the newly appointed Canadian Ambassador to Venezuela and provided him with an update on the Las Cristinas project. Ambassador Calderwood is very active, as is the Government of Canada in furthering the interests of Canadian companies investing in Venezuela. Following a visit to Bolivar State, Ambassador Calderwood commented that he was working to advance Canadian interests (including mining) in Bolivar Sate and Venezuela.
    Other Milestones Achieved at Las Cristinas
    Mine Development Associates updated the Las Cristinas reserve and resource estimates in September 2007.
    - Measured and Indicated Resources are estimated at 20.76 million ounces (629 million tonnes with an average gold grade of 1.03g/t) The resource estimate comprises Measured Resources of 146 million tonnes at a gold grade of 1.14g/t (5.38 million ounces) and Indicated Resources of 483 million tonnes at a grade of 0.99g/t (15.38 million ounces).
    - The additional Inferred Resource estimate is 6.28 million ounces (230 million tonnes at an average gold grade of 0.85g/t).
    - Proven and Probable Reserves based on a US$550 gold price assumption are estimated at 16.86 million ounces of gold (464 million tonnes grading 1.13g/t). The reserve estimate comprises Proven Reserves of 113 million tonnes at a gold grade of 1.24g/t (4.48 million ounces) and Probable reserves of 351 million tonnes at a grade of 1.10g/t (12.38 million ounces).
    The reserve is contained in a single open pit that is approximately 3.1km long, over 1.2km wide at its widest point, with a maximum depth of approximately 500m below surface. Mineralization is open at depth.
    The gold reserve estimate for Las Cristinas is based on an updated estimate of operating costs completed by SNC Lavalin in the third quarter of 2007. The increase in operating costs since the last published estimate in 2005 was attributable, in part, to the general worldwide increase in commodity prices. The average total cash operating costs (including royalties) for Las Cristinas are now estimated at US$346 per ounce over the life of the mine and US$258 per ounce during the first five years of the project. The increase was due to global increases in the costs of cyanide, steel, tires, mill liners, as well as drill steel and blasting agents, and from higher labour rates. One of the great benefits of the project location is that, to date, costs have not been significantly impacted by energy costs, a reflection of Venezuela's very low and stable prices for fuel and electricity. Relatively inexpensive energy should ensure that Las Cristinas remains cost competitive on a global basis.
    SNC-Lavalin also completed an updated estimate of capital costs of US$356 million for the construction of Las Cristinas. The Company has spent approximately US$112 million on items (primarily equipment and engineering services) included in the US$356 million estimate, leaving a balance of US$244 million to spend once construction activities commence after receipt of the permit. Current pre-permit expenditures to maintain and secure the site and store equipment are not included in the construction cost estimate of US$356 million. The Company has equipment in storage, including the initial mining fleet and all long lead time milling equipment, with an original purchase value of US$64 million. This should enable us to avoid any equipment related construction delays, as the delivery times for mining and related equipment have increased significantly, particularly for some milling components, which have delivery times of up to three years.
    Full details regarding the reserve, resource and capital and operating costs estimates can be found in the 43-101 Technical Report filed on SEDAR November 7, 2007.
    Following a recent visit to Las Cristinas Mr. Thompson observed that, "Crystallex has continued to advance several corporate and social responsibility programs in the region. One of the larger projects that we are undertaking is the construction of a new Type 1 Urban medical centre in Las Claritas. Construction of the facility began in August of 2007 with a targeted completion date of the fall of 2008. This new facility will be much larger than existing Type II Rural facility and better equipped to service the local community. Crystallex has also started construction of a sewage treatment plant that will serve the local communities using the existing sewage lines previously constructed by the Company. The plant is scheduled for completion in 2008."
    Additionally, the Company made a number of donations of materials and food supplies to the local school and community groups including supplies for a new roof for the school and a new lunch room. Crystallex has also continued its community scholarship programs.
    In anticipation of the issuance of the MinAmb permit and the pending Las Cristinas construction phase, the Company has hired Mr. Jose Diaz Daza as the Las Cristinas General Manager and Mr. James McMullan as the Construction Manager. Prior to joining Crystallex, Mr. Diaz was General Manger at a heavy industry project in Venezuela and had also held management positions at the Cerrejon Coal Mine in Columbia, the largest open pit mine in South America. Mr. McMullan joined Crystallex with significant mine building and operating experience holding positions at SNC-Lavalin, Bolivar Gold, Anglo American, Mitsubishi Corporation Engineers & Constructors and Rand Mines.
    During February, 2008, Crystallex successfully completed an Equity Unit financing for gross proceeds of C$69.1 million (net proceeds of C$64.8 million) with significant institutional interest and participation. This funding is expected to meet the Company's working capital needs for the next 18 months. The Company is in sound financial condition to mobilize and launch the initial construction activities, once the pending MinAmb permit is issued.
    Mr. Thompson concluded, "The National Assembly hearings and subsequent report, the correspondence from the MinAmb and numerous meetings with senior Government officials continue to confirm our expectation that the permit will be issued, which will allow us to launch the long anticipated construction phase for the benefit of the local communities, stakeholders and shareholders."
    About Crystallex
    Crystallex International Corporation is a Canadian based gold producer with significant operations and exploration properties in Venezuela. The Company's principal asset is the Las Cristinas property in Bolivar State that is currently under development at the initial planned production rate of 20,000 tonnes of ore per day. Other key assets include the Tomi Mine, certain Lo Increible properties and the Revemin Mill. Crystallex shares trade on the TSX (symbol: KRY) and AMEX (symbol: KRY) Exchanges.
    Mine Development Associates and SNC-Lavalin Engineers & Constructors Inc. are independent of the Company and are the qualified persons within the meaning of NI 43-101 who have prepared or supervised the preparation of the technical information contained in the Technical Report, which has been referred to in this release.

    VANCOUVER, Feb 28, 2008 /PRNewswire-FirstCall via COMTEX/ -- Creston Moly Corp. ("Creston" or the "Company") (CA:CMS) is pleased to announce the appointment of Dr. Sadek E. El-Alfy, Ph.D, D.I.C., B.Sc., ARSM as its Chief Operating Officer. Dr. El-Alfy will be responsible for the ongoing development of the El Creston Molybdenum Deposit as well as building an operations management team to direct the development of El Creston.
    Dr. El-Alfy has been serving as a member of Creston's advisory board since May of 2007. Dr. El-Alfy was, most recently, Vice President of Operations for Crystallex International Corporation for over 10 years. A 34 year mining veteran, Dr. El-Alfy has extensive experience in the design and operation of both open pit and underground mining operations including holding the position of General Manager, Mining and Concentrating at the Carol Lake operation of the Iron Ore Company of Canada, in Labrador city, from 1990 until 1995, and Chief Mining Engineer with Giant Yellowknife Mines Limited in both Yellowknife and Timmins from 1984 until 1990.
    Dr. El-Alfy is a member of the Canadian Institute of Mining, Metallurgy and Petroleum, the Institute of Materials, Minerals and Mining, London, United Kingdom and the American Institute of Mining, Metallurgy and Petroleum Engineers and was ex chairman of the Association of Professional Engineers of Newfoundland.
    Mr. Jonathan George, President of Creston stated, "Creston is delighted to have been able to retain Dr. El-Alfy as Chief Operating Officer. The experience of Dr. El-Alfy, his skills in bringing properties from the exploration to the development and mining stage, and his extensive contacts in the mining community will be invaluable as Creston moves forward with the fast track development of the El Creston Molybdenum Deposit in Sonora, Mexico."
    The Company has, subject to regulatory approval, granted to an officer 100,000 options exercisable at a price of $0.48 per share for a period of five years.

    Das musste ja kommen von Dir lieber Ulfur, der Salsa Taenzer hat mit plus vor den neuen wuff-wuff verkauft und ladet nun wieder GRZ und KRY wieder auf. :D
    Bei ARU hats auch geklappt, die saufen zu viel Tequila und ein paar Tage spaeter aendern sie wieder ihre Meinung und Statements.
    Pass mal auf wie die Cristina hupft bis Freitag,schnell auf die Tanzflaeche und dann gleich wieder raus bis wieder gebellt wird in Venezuela, Bolivia, Equador.


    So kommen die guenstig an die Aktien, wer meckert der kauft !
    Ob Tango oder Salsa, der Tanz ist eben voller Tempo und Schwung in alle Richtungen.


    Geh lieber Elche spotten in Norwegen.... :D


    Gruss


    Eldo

    Den ganzen Mist, egal ob es nur laecherliche airport security ist haben wir nur Bush zu verdanken... :boese:


    Plastiktueten nicht groesser als 1 liter inhalt,max 100ml pro Beutel darf man dann reinstecken...nach dem idiotischen Check kann man dan alles kaufen und abpacken im Duty Free und in den Flieger einsteigen.


    Die Menschen in Deutschland werden wie Kinder behandelt und beobachtet,Steuern zahlen duerfen sie aber wie die grossen, alles made in USA.


    Nach den rauchen duerfen die bald auch zum pfurzen vor die Tuer gehen.


    Und was sagt Hugo ueber diesen Zipfl Bush ?...kein Wunder das nun viele mit "Rueckrad" die Wahrheit sagen und Massnahmen ergreifen die leider auch die Minen betreffen wo so mancher von uns drinsteckt.


    Ich ziehe den Hut vor dem, die anderen Politker in D z.B. sind da eher Bush Nutten.


    http://www.youtube.com/watch?v=TI0_VzFxTzs


    http://www.youtube.com/watch?v=sKCSSHLCCME&feature=related


    Bei einigen US Aktien obwohl einige Ishares Trust waren wollten die Amis von mir nun eine Steuererkkaerung in USA.....Arschlecken...die wurden gleich verkauft und KRY und GRZ gestern gekauft. :thumbup:


    Im Intradaytrade sind die schon wieder gestiegen, mal schaun wie die am Ende der Woche dastehen, Ulfur.


    Beim Salsa muss man schnell reagieren und Schritt halten, da kommt kein Elch mit.


    Nothing ventured nothing gained, bei einer Crew Gold z.B. gehts halt langsamer runter, das ist der Unterschied.


    Ich sehe nichts von einen wuetenden Elch, ein Hufleiden hat der wie die anderen Juniors.

    http://seekingalpha.com/articl…-risk-or-reward?source=mb


    Warren Buffett: “Risk comes from not knowing what you are doing.”
    Warren Buffett: “People tend to find themselves retired and poor because, at the end of the day, not taking any risk at all is the greatest risk of all,”
    Warren Buffett: “Great investment opportunities come around when excellent companies are surrounded by unusual circumstances that cause the stock to be missappraised.”
    Todd MacSween: “Opportunity is knocking, but you must open the door for the reward.”

    Ulfur :D ... ich reinlassen ?


    Sag bloss du hast KRY gekauft :D


    Salsa ist unberechenbar, die musik aendert sich dort schnell.


    Ich habe geschrieben ich lade wieder KRY und GRZ auf aber nicht wann. :D ...mir haben sie schon vor Wochen einen Kaufriegel vorgeschoben, ich darf nur zuschauen. :S


    How about RML.V ??...bin zuversichtlich das sich alle von den jetzigen Kurs schnell verdoppeln wenn das Wuff-Wuff wieder revidiert wird in Venezuela....dann reibe ich sie dir unter die Nase. :D


    Erstmal muessen die Sturmwolken weg, wann das ist muss jeder selber sehen.


    Opportunity will come.....das knock-knock hoeren viele nicht.


    Servus, alter Tratzer..... :D..better take care of your elks,some are also in deep water.

    Jetzt lasse ich sie rein, es wird Zeit fuer einen neuen Salsa, heute kurz nach dem opening steige ich auf die Tanzflaeche mit GRZ - RML.V - KRY
    Nothing ventured, nothing gained....erst ab jetzt wird gemessen Ulfur.


    KRY 0.73 USD


    GRZ 2.07 USD


    RML.V 1.03 CAD


    SALUD !..Flatliners

    So die drei sind im Einkaufskorb, was soll das ganze ueberhaupt, warum sind sie gefallen ?
    Ganz einfach,es geht um weitere Exploration um die Mine die sie erstmal gestoppt haben damit der Urwald und die wilden Miner die mit Schaufeln die dort butteln nicht gestoert werden.
    Die haben sich wahrscheinlich beschwert das sie keine Bagger dort wollen die ihnen das selbstgeschuerfte wegnehmen koennten.
    Dabei verwenden die unter anderen Cyanid wo sich keiner aufregt.
    Kurz oder langfristig gesehen wird man auch dort eine Vereinbarung treffen.
    KRY sitz immer noch auf genuegend Reserven, ob die nun mehr werden durch suchen oder nicht ist doch egal bei den Kurs.
    Der letzte PP ging im Februear fuer 2.11 USD...gesamt 69 millionen USD die man verwenden wird um das Projekt zu starten.
    Wenn KRY eine Niete ist da haetten sie auch nicht das Geld bekommen.
    Also warten wir mal ab, KRY ist so oder so ein Langzeitinvestment, bis dort hin kommen und gehen die Indianer und Politiker die z.Zt. Probleme machen.
    Die 8 milionen Unzen im Boden reichen erstmal aus fuer KRY.
    So aehnlich schaut es auch aus fuer GRZ und RML.V, es geht wie gesagt darum sie duerfen zur Zeit nicht weiter Loecher bohren ausserhalb ihren Gebiet wo sie noch kein Permit haben.
    So verstehe ich das ganze.


    Gruss


    Eldo

    Venezuelan Ministry of the Environment Puts Breaks on Gold Mining Permits


    POSTED: Sunday, May 04, 2008
    FROM BLOG: Net News Publisher - Our mission is to bring together articles, features and new feeds from around the world. We aim to run an easy to use informative website for the average internet user.

    The following blog post is from an independent writer and is not connected with Reuters News. The opinions and views expressed herein are those of the author and are not endorsed by Reuters.com.

    Toronto-based Crystallex Corporation announced Wednesday that the Venezuelan Ministry of the Environment denied a key gold mining permit for the company’s operation of the Las Cristinas mine, one of the largest gold deposits in Latin America. The same day, Spokane, Washington-Based Gold Reserve Inc. reported that the ministry also plans to rescind an environmental and social impact approval, which had been granted to the company in March 2007, for the neighboring Las Brisas gold and copper mine.
    According to statements released by both companies, the ministry based its decision on issues regarding the indigenous peoples, the small miners, and the environmental health of the Imataca Forest Reserve in Venezuela`s mineral-rich southeastern Bolívar state where the mines are located.
    Crystallex stocks plunged nearly 50% in Toronto following Wednesday’s news. They had already suffered a 26-day decline due to investor speculations on the ministry’s position, according to the Toronto Star. Gold Reserve’s stocks dropped 24%.
    Despite investor attitudes, the president of Gold Reserve, Doug Belanger, said “the company has not been formally notified of this decision and is working with various government officials to solve this matter.”
    “We are prepared to protect our rights to Brisas through the Venezuelan legal system and, if necessary, other avenues,” Belanger stated on behalf of the company’s board of directors.
    Crystallex is also “committed to defending its rights in the Las Cristinas project and intends to respond to this matter vigorously,” the company statement prepared by company spokesperson Richard Marshall affirmed.
    The Las Cristinas project is owned by Venezuela’s state mining corporation, the Venezuelan Corporation of Guayana (CVG), and has been contracted to Crystallex since 2002. Before Wednesday, environmental impact studies, bonds, and tax permits had been approved for the mine, and the company was awaiting the final nod of permission from the ministry.
    Likewise, the impact study for the Las Brisas mine had been approved in March 2007 after Gold Reserve promised social investments in the region, and the area had been confirmed to be open for mining in 2004, according to the company.
    The ministry’s denial “appears to be in conflict” with the previous trend toward approval, and “seems to suggest a complete policy change in position relating to this region,” Crystallex said Wednesday.
    Responding to the ministry’s justification for its decision, Gold Reserve’s president said “there are no small miners on Brisas and any environmental disturbances result from activities prior to the Company acquiring the property,” which occurred in 1992.
    Gold Reserve’s 2006 report confirms that there were small-scale miners working in the area before the company’s arrival.
    In 2005, local miners denounced being forcibly evicted from their workplaces and having their equipment seized by Crystallex, which referred to them as “invaders.” Miners who attempted to organize meetings and protest the evictions reported having been violently repressed by the security forces that guarded Crystallex facilities, and demanded that the government throw the transnational company out of the country.
    Since then, Venezuelan President Hugo Chávez has made significant changes to Venezuela’s mining policy. In 2005, he initiated what he called “a big turnaround” by announcing that Venezuela would no longer grant private mining concessions to national or foreign companies, but instead would favor state-run Social Production Units (UPS) and small-scale mining cooperatives.
    In 2006, the National Assembly unanimously voted to reform the mining law to force companies with idle mines to become minority partners in mixed enterprises with the state. This came shortly after 600,000 hectares (1.5 million acres) of mining land were handed over to local cooperatives and UPSs, according to venezuelanalysis.com.
    Later that year, the Minister of the Environment Jacqueline Farías made a sweeping statement that coal mines were “unnecessary” for national development. This attitude was echoed by President Chávez in May 2007, when he declared, “between the forests and coal, I’ll keep the forests,” although the policy was never concretized.
    It is unclear what these trends in government mining policy imply for the Las Cristinas and Las Brisas mines, but Crystallex told investors Wednesday that the ministry “appears to be in opposition to all mineral mining in the Imataca region.”
    Uncertainty has also been expressed by some market analysts. Catherine Gignac, an analyst from Wellington West Capital Markets, refrained from posting a stock rating and target price for Crystallex Wednesday, telling clients that “only speculation remains on the outcome for Crystallex in Venezuela.”


    The Las Cristinas mine is estimated to hold between 14 and 16 million ounces of gold and 323 million tons of ore in reserves. The Las Brisas property is estimated to contain 10.4 million ounces and 1.3 billion pounds of copper in 484.6 million tons of ore, according to a 2006 Gold Reserve Inc. report.
    The 3.8 million hectare (9.4 million acre) Imataca Forest has been a national reserve since 1963. Political corruption has led to its being conceded to mining and logging interests beyond sustainable levels for decades, including 12 concessions which opened up 50% of the forest to logging over the course of the 1980s, according to the Quechua Network.


    by James Suggett


    Source venezuelanalysis.com

    Ok, 1:0 fuer Ulfur....Tanzverbot, die Band spielt nicht im Moment...der Minister machte es nun offiziell,Permits annulliert, die KRY im Sinkflug, GRZ vielleicht heute auch. ;(


    Gold Reserve Inc. says permit rescinded for Venezuela mine


    Friday May 9, 12:03 am ET


    CARACAS, Venezuela (AP)


    -- Mining company Gold Reserve Inc. says its permit to develop a gold and copper deposit in Venezuela's biologically diverse Imataca Forest has been formally rescinded.(entzogen)


    The Spokane, Washington-based gold miner says Venezuela's Environment Ministry cited environmental problems and illegal mining on its 1,235 acre Brisas property as reasons for revoking the permit.


    Gold Reserve on Thursday denied that any illegal miners operate there, and said its representatives are meeting with Venezuelan officials to review their decision.


    Canada-based Crystallex International Corp. last week said the Ministry had turned down its request to develop gold deposits in the Las Cristinas mining area, also in Venezuela's southern Bolivar state.

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