SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
6-K
Report
of Foreign Private Issuer
Pursuant
to Rule 13a-16 or 15d-16 of
the
Securities Exchange Act of 1934
For
the month of,
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May
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2008
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Commission
File Number
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001-14620
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Crystallex
International Corporation
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(Translation
of registrant’s name into English)
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18
King Street East, Suite 1210, Toronto, Ontario, Canada M5C
1C4
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(Address
of principal executive offices)
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Indicate by check mark whether the
registrant files or will file annual reports under cover of Form 20-F or Form
40F:
Indicate by check mark if the
registrant is submitting the Form 6-K in paper as permitted by
Regulation S-T Rule 101(b)(1):
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as
permitted by Regulation S-T Rule 101(b)(7):
Indicate
by check mark whether by furnishing the information contained in this Form, the
registrant is also thereby furnishing the information to the Commission pursuant
to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
If “Yes” is marked, indicate below the
file number assigned to the registrant in connection with Rule
12g3-2(b): 82-_______________
DOCUMENTS
INCLUDED AS PART OF THIS REPORT
Document
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1
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News
Release, dated May 12, 2008.
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Document
1
For
Immediate Release
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May
12, 2008
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RM:
4 – 08
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Crystallex
Files Rebuttal
TORONTO, ONTARIO,
May
12
,
2008 –
Crystallex
International Corporation (TSX: KRY) (Amex: KRY)
today provided a further
update on developments regarding the Las Cristinas gold project in Bolivar
State, Venezuela. On April 30, 2008, the Company reported that a Director
General in the Administrative Office of Permits at the Ministry of the
Environment and Natural Resources of Venezuela (“MinAmb”) had issued a
communication to the Corporacion Venezolana de Guayana (“CVG”), the concession
holder of the Las Cristinas concessions, that the Office of Permissions in the
Ministry had denied the request of the CVG for the permit to affect the natural
resources in Sifontes municipality of the State of Bolivar. Since being advised
of the letter, Crystallex has had the opportunity to meet with Officials of both
the Government of Venezuela and the CVG and has begun the process seeking the
reversal of the Director General’s communication in order to bring the Las
Cristinas gold deposit into production.
Today
Crystallex filed the legal rebuttal to the position taken by the Director
General of Permits in the Ministry of the Environment and Natural
Resources. We anticipate that our partner the CVG will be filing their
rebuttal in due course. The Ministry of the Environment and Natural Resources
Director General who issued the letter has, under the administrative law of
Venezuela, 15 business days to reply formally. If there is no reply, under law
the answer is deemed to be negative. At that time, the Company has
the legal right to appeal directly to the Minister of Environment and Natural
Resources who also has a set time (90 business days) to issue a
finding. If at that time the answer is negative, Crystallex has a
number of legal avenues to pursue both in and out of Venezuela in order to
protect its shareholders’ rights.
The
communication from this Director General of the Ministry of the Environment and
Natural Resources is in conflict with the Las Cristinas Environmental Impact
Study approval, Construction Compliance Bond Request and Environmental Tax
request issued by the Ministry of the Environment and Natural Resources. Both
the posting of the Bond and payment of the requested Tax were satisfied in 2007
and Crystallex received receipt of acceptance. This communication appears to be
in opposition to all mineral mining in the Imataca Region. In the opinion of
Crystallex’s management, the communication in question also leaves a number of
current and historic projects standing contrary to the communication. In
addition, Crystallex believes that the content of the letter contradicts
Presidential Decrees, National Assembly Resolutions, Ministry of the Environment
and Natural Resources Resolutions, and Ministry of Basic Industry and Mines
(“MIBAM”) Resolutions.
Since the
contents of the Director General’s letter became public, local and indigenous
communities, and Venezuelan Officials have voiced continued support for the
development of the Las Cristinas project and other mining projects in the
region. Crystallex has also become aware that the Venezuelan National Assembly
intends to hold hearings regarding the Director General’s letter and the status
of the Las Cristinas project.
The
Company is continuing its efforts with the support of Venezuelan governmental
agencies to advance the Las Cristinas project which will create significant
employment, healthcare facilities and sustainable development for the
surrounding communities.
In an
effort to clear up any misinformation regarding the Venezuelan permit process
and timelines, the Company has outlined environmental permitting
milestones:
·
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April
2004 – Crystallex and the CVG submit a draft Environmental Impact Study
for Las Cristinas to the Ministry of the Environment and Natural Resources
for consideration. The Submission of the Environmental Impact Study in
April of 2004 started the environmental permitting process which
included extensive dialogue, questions, meetings, and hearings between
Crystallex, the CVG and the Ministry of the Environment and Natural
Resources.
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·
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August
2004 – Land Occupation Permit for Las Cristinas confirmed by the Ministry
of Basic Industry and Mines.
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·
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March
2006 – Ministry of Basic Industry and Mines approves Las Cristinas
Feasibility Study and development
plans.
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·
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June
2007 – Ministry of the Environment and Natural Resources approves Las
Cristinas Environmental Impact
Study.
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·
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June
2007 – Ministry of the Environment and Natural Resources requests
Construction Compliance Guarantee Bond and Environmental Taxes, the final
steps before processing and issuing of the Las Cristinas Environmental
Permit. Crystallex posts the Construction Compliance Guarantee Bond
and pays the Environmental Taxes.
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·
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October
2007 – Ministry of the Environment and Natural Resources Officials testify
to National Assembly that all requirements for Las Cristinas have been
fulfilled and that the Environmental Permit will be
issued.
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·
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April
2008 – CVG receives letter from a Director General in the Ministry of the
Environment and Natural Resources questioning environmental aspects of
project and indicating all mining activities in region are
illegal.
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For
Further Information:
Investor
Relations Contact: A. Richard Marshall, VP at (800) 738-1577
Visit
us on the Internet:
http://www.crystallex.com
or
Email us at: info@crystallex.com
SPECIAL
NOTE REGARDING FORWARD-LOOKING STATEMENTS: Certain statements included or
incorporated by reference in this news release, including information as to the
future financial or operating performance of the Company, its subsidiaries and
its projects, constitute forward-looking statements. The words “believe,”
“expect,” “anticipate,” “contemplate,” “target,” “plan,” “intends,” “continue,”
“budget,” “estimate,” “may,” “schedule” and similar expressions identify
forward-looking statements. Forward-looking statements
include,
among other things, statements regarding targets, estimates and assumptions in
respect of gold production and prices, operating costs, results and capital
expenditures, mineral reserves and mineral resources and anticipated grades and
recovery rates. Forward-looking statements are necessarily based upon
a number of estimates and assumptions that, while considered reasonable by the
Company, are inherently subject to significant business, economic, competitive,
political and social uncertainties and contingencies. Many factors
could cause the Company’s actual results to differ materially from those
expressed or implied in any forward-looking statements made by, or on behalf of,
the Company. Such factors include, among others, risks relating to
additional funding requirements, reserve and resource estimates, gold prices,
exploration, development and operating risks, illegal miners, political and
foreign risk, uninsurable risks, competition, limited mining operations,
production risks, environmental regulation and liability, government regulation,
currency fluctuations, recent losses and write-downs and dependence on key
employees. See “Risk Factors” below or in the Company’s 2007
40-F/Annual Information Form. Due to risks and uncertainties, including the
risks and uncertainties identified above, actual events may differ materially
from current expectations. Investors are cautioned that forward-looking
statements are not guarantees of future performance and, accordingly, investors
are cautioned not to put undue reliance on forward-looking statements due to the
inherent uncertainty therein. Forward-looking statements are made as
of the date of this Management Discussion and Analysis and the Company disclaims
any intent or obligation to update publicly such forward-looking statements,
whether as a result of new information, future events or results or
otherwise.
SIGNATURES
Pursuant to the requirements of the
Securities Exchange Act of 1934, the registrant has duly caused this report to
be signed on its behalf by the undersigned, thereunto duly
authorized.
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CRYSTALLEX
INTERNATIONAL CORPORATION
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(Registrant)
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Date:
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May
13, 2008
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By:
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/s/
Hemdat Sawh
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Name: Hemdat
Sawh
Title:
Chief Financial Officer
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Crystallex (AMEX:KRY)
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