The Venezuelan government has confirmed
Crystallex and state-owned Corporacion Venezolana de Guayana (CVG) expect the Ministry of the Environment and Natural Resources to grant the project’s final permit sometime this fall; full-scale construction would begin soon thereafter.
Meanwhile, engineering and environmental work continues. The company is also awarding procurement and construction contracts. Refurbishment of the existing construction camp is ongoing, as are the extension and tarring of the airstrip.
In other news, Minca, a 95%-owned subsidiary of Vancouver-listed
Plans at Las Cristinas call for construction of an open-pit mine capable of producing 266,000 oz. gold annually over 34 years. Production is pegged at 311,000 oz. during each of the first five years. Capital costs are estimated at US$242.8 million.
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