Crystallex Files Rebuttal to Minister of Environment
2008年6月18日 - 1:25AM
Marketwired
TORONTO, ONTARIO (AMEX: KRY) reported today that it has filed a
rebuttal with the Minister of the Environment and Natural Resources
of Venezuela ("MinAmb") under the administrative laws of the
Bolivarian Republic of Venezuela. This appeal to the Minister is in
response to the denial of the Company's first appeal to the
Director General of Permitting in MinAmb. As earlier reported,
Crystallex filed an appeal on May 12, 2008 to the Director General
in response to his communication denying the request for the permit
to affect natural resources for the Las Cristinas project. The
Director General denied the initial appeal and advised Crystallex
of its rights under Venezuelan law to appeal directly to the
Minister of MinAmb. The Minister has, under statute, 90 business
days in which to issue a decision on the appeal.
Crystallex also commented that it was invited to appear at a
public hearing of the Economic Development Committee of the
Venezuelan National Assembly. At the hearing, Crystallex gave a
presentation addressing a wide range of matters, including plans
for mining at Las Cristinas, the current state of the environment
in the area of the project, the proposed plan for reclamation at
the completion of mining, the social projects in the local
communities and its employment and training plans for the local
communities. Senior representatives of the Ministry of Basic
Industries and Mining ("MIBAM") also appeared before the committee
hearings and they supported the position presented by Crystallex.
MinAmb representatives did not attend the hearing. The hearing
adjourned, and representatives of MinAmb have now been summoned by
the Committee to appear and testify.
Crystallex has been advised of its legal rights through the
contractual agreement with Venezuela to develop and exploit Las
Cristinas and is operating in a manner to maximize the protection
of its shareholder and stakeholder rights and value.
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.
Contacts: Investor Relations Contact: Crystallex International
Corporation A. Richard Marshall, VP 1-800-738-1577 Email:
info@crystallex.com Website: www.crystallex.com
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