Crystallex International

Welcome to the Crystallex HUB on AGORACOM "Crystallex International Corporation is a Canadian-based gold producer with operations and exploration properties in Venezuela."
in response to DontKillKenny's message

Read the reuters article carefully.

"We have an arrangement with the cement companies, and I'm sure that once we enter conversations for the final adjustments, that suit filed via arbitration can be withdrawn,"- Energy Minister Ramirez.

Venezuela stopped paying holcim and breached the contract which caused the arbitration to be filed. Now they want to talk. Swiss and the French cementeers made concessions to Chavez's demands early on. If you read further you will note the Mexicans went straight to arbitration when their cement company Cemex was siezed.

There might be a lesson in this for everyone.....

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hondobud
City
Oceanside
Rank
Vice President
Activity Points
10039
Rating
Your Rating
Date Joined
11/11/2007
Social Links
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Crystallex International
Symbol
CRYFQ
Exchange
PINK
Shares
365M O/S, 417.5M FD
Industry
Metals & Minerals
Website
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