Crystallex Updates Shareholders on the Las Cristinas Permitting Dialogue
2008年8月14日 - 11:10PM
Marketwired
CRYSTALLEX INTERNATIONAL CORPORATION (TSX: KRY)(AMEX: KRY) today
updated shareholders and stakeholders regarding the ongoing
dialogue and process between the Venezuelan Ministry of Environment
and Natural Resources ("MinAmb") and Crystallex regarding
Authorization to Affect Natural Resources (the "Permit") at the Las
Cristinas Gold Project.
On June 24, 2008, Crystallex advised shareholders and
stakeholders that it was invited to a meeting by representatives of
MinAmb including the Vice-Minister. At the meeting, Crystallex was
informed that MinAmb was instructed by the Government of Venezuela
to reconsider issuance of the Las Cristinas Permit by discussing
with Crystallex possible modifications to the Las Cristinas Project
to diminish the environmental impacts of the project and thus
enable the Permit to be issued. The modifications suggested by the
MinAmb representative fall within three main categories:
- Further improvements to optimising the social projects in the
area.
- Mitigating the impact of open-vein mining in the currently
affected areas of the Imataca Forest Reserve.
- Improving the remediation plans at the end of the mine life as
well as repairing existing environmental damage caused by illegal
mining.
The Company prepared a report which addressed these three areas
and the report has been submitted to MinAmb. In addition, as part
of the ongoing process towards the issuance of the Permit on August
7th and 8th, 2008, a team from MinAmb led by the Vice-Minister
completed a site visit of the Las Cristinas Project. As part of
this visit, the team inspected the social projects including the
medical clinic and sewage treatment facility which are both
currently under construction.
Commenting on the process, Mr. Robert Fung, Crystallex Chairman
and CEO stated, "While it's early to predict the results of the
process, we are encouraged by the progress made and the completion
of the site visit, and remain optimistic about a prompt and
successful completion of the process."
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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