Fri, Jan 30, 2015
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Bullion/Gold, Metals and Minerals more

Venezuela’s bid to boost gold reserves bad news for Crystallex

Posted on 06 November 2008

From Theglobeandmail.com: Venezuelan President Hugo Chavez’s government says it is taking over one of the world’s largest gold deposits, operated by Toronto’s Crystallex International Ltd., because it needs to boost its gold reserves amid the global financial crisis.

The nationalization of the Las Cristinas project, which Crystallex has said could contain more than 16 million ounces of gold worth about $11.8-billion (U.S.) at today’s prices, could prove the death knell for the junior miner’s decade-long struggle to build the mine….. Full Article: Source


 Article link

This post was written by:

VRS - who has written 39041 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
January 2015
S M T W T F S
« Dec    
 123
45678910
11121314151617
18192021222324
25262728293031