Crystallex and Ministry of Environment Begin Discussions; National Assembly Committee Supports Las Cristinas
2008年6月24日 - 9:07PM
Marketwired
TORONTO, ONTARIO (AMEX: KRY) wishes to advise that on June 18,
2008, Crystallex was invited to a meeting by representatives of the
Ministry of the Environment ("MinAmb"), led by Vice Minister of
Environmental Planning and Administration, Ing. Merly Garcia. At
this meeting, Crystallex was informed that MinAmb was instructed by
the Government to reconsider issuance of the Las Cristinas
Environmental Permit to Affect Natural Resources (the "Permit") by
discussing with Crystallex possible modifications of the Las
Cristinas project, which could enable the Permit to be issued. The
modifications suggested by the MinAmb representatives fall within
three main categories: (i) further optimising the social projects
in the area, (ii) mitigating the impact of open vein deposit mining
in the currently affected areas of the Imataca, and (iii) improving
the remediation plans at the end of the mine life as well as to
remediate the existing environmental damage caused by the illegal
miners who have worked in the area. The MinAmb representatives
stressed the importance of expediting the submission of details
relating to the suggested request for modifications in order to
enable prompt resolution of the Permit.
In addition, Crystallex has received the official minutes of the
meeting held at the Permanent Committee for the Economic
Development of the National Assembly at the public hearing held on
June 4, 2008 to discuss the delay of the Las Cristinas project. At
the meeting, representatives of the Ministry of Mines ("MIBAM")
confirmed support for Crystallex and its compliance with all
procedural and administrative steps up to the denial of the permit
by MinAmb. The resolution issued by the Committee states that the
Las Cristinas project has been in development for a significant
period of time with the support of different branches of the
Government. The resolution further notes a lack of coordination
between the various Government branches, which it suggests should
be resolved in light of the macroeconomic policies and goals of
Venezuela, as well as the social needs of the people and the
pre-existing environmental damage.
It is too early for Crystallex to forecast how this issue will
be resolved, but it is encouraged by the support from the
Venezuelan Government and National Assembly. Crystallex welcomes
the opportunity offered by MinAmb to help create additional
solutions to the extensive environmental damage that already exists
due to illegal mining in the Las Cristinas area, and to improve the
project in order to respond to issues raised by MinAmb.
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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