Und hier das letzte an Info:
Crystallex Still Waiting for Venezuela's Mining Policy Announcement
By Jon A. Nones
27 Nov 2005 at 11:00 PM EST
SAN FRANCISCO (ResourceInvestor.com) -- November 23 came and past and still no announcement concerning Venezuelaýs new mining policy. According to a Resource Investor reader, sources at the Minister of Basic Industries & Mining (MIBAM) said December 2 could be the day 8). We will have to wait and see. In the meantime, VHeadline quotes Minister of MIBAM Victor Alvarez for a few highlights to the governmentýs new National Mining Corporation - Venezuelan Guayana Corporation (CVG).
According to VHeadline, Alvarez has had top-level meetings with his Venezuelan Guayana Corporation (CVG) and Ministry team, to put the finishing touches on details of the announcement. Foreign and domestic mining operations will be named as affiliates and subsidiaries to the government's new National Mining Corporation, Alvarez said. But if this is the extent of the announcement, it isnýt exactly new news.
At the Denver Gold Forum in September, Crystallex CEO and President Bruce Todd told Resource Investor that the new national company will serve as a ýone stop shop.ý All titles will be issued as operating contracts, instead of concessions, and granted through one national Venezuelan company, he said.
And just last week, Crystallex Vice President of Investor Relations Richard Marshall speculated that this announcement could be when the government puts this new mining policy in place, launching the CVG as the new national mining company.
ýWe think once the mining policy is in place, we will be able to get started on some projects,ý Marshall said last week.
Resource Investor tracked down Marshall at the Gold & Precious Metals Investment Conference in San Francisco for some additional comments. And he remains confident the policy will be positive for the industry and Crystallex.
Marshall said the new national mining company will add some much needed structure to the sector by adding order and cracking down on illegal mining.
ýRemoving uncertainty is going to be a benefit,ý he said.
He also reiterated that the new policy will help Crystallex to advance pending projects.
According to VHeadline, Alvarez said the total infrastructure will be financed from Venezuela's burgeoning foreign reserves and that it will also safeguard what he describes as a ýreinventioný of the Venezuelan Guayana Corporation (CVG).
The new CVG will take the form of a National Basic Industries Corporation governing those companies affiliated to it with the approval of President Hugo Chavez Frias.
ýWe are working to transform raw materials into value-added products and to promote developments to increase our nation's industrial production,ý Alvarez said.
Alvarez concluded in saying that from January 1, 2006, Venezuela's new basic industries organization will begin to take shape where ýeach and every one of the companies involved in the new project must be focused on the well-being of the nation and that of each and every Venezuelan.ý
Until we hear the announcement, Crystallex [AMEX:KRY; TSX:KRY] and other foreign miners in Venezuela continue to wait.
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