Crystallex International

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It follows the delay in CVG Minerven
Tuesday, 09 of November of 2010

Unofficial sources informed that the auriferous one located in the Pebble, is about to reunite the money necessary to resolve the commitment with the workers.

Natalie Garci'a
Photo William Urdaneta

The delay follows on the part of the workers, who would be first in acquiring the utilities in holding company CVG
Employees of CVG Minerven hope the past from Friday by the cancellation of a bond that decided the company with the unions, in compensation by the wage phase angle that they have in the auriferous one. The amount of the benefit is 10 thousand bolivars, and includes the second part of 35 thousands initially agreed enters the company and the unions.

Referred the second part had to be paid the 29 of October, but it has not been thus because Minerven has not had the liquidity sufficient to pay to all the employees at the same time. Also Friday 5 corresponded the payment of the utilities, that has not taken place either.

Unofficial sources informed that the miner is looking for the resources and is very probable that this week cancels benefits to the workers both, settling therefore the labor breach.

to obtain to Minerven the bottoms and to make the respective payment it would be the first company of holding company CVG in paying to the utilities this 2010. In the rest of the companies of the corporation there is the fear from which these complete utilities do not arrive east year or in his defect they are cancelled delayed. In the 2009 Minerven it paid the utilities in advance and in the 2008 it helped to pay the utilities of other companies like Alcasa.

The delay of this year must to a substantial decrease in the production, caused by the disinvestment in “the sabotage” as well as work parties, supposed that at beginnings of year originated slips to the state one that it came producing to a rate from more than 4 tons from gold to the year.

According to spokesmen of the trade union organizations east 2010 as soon as they will take place more than 2 thousand kilos of gold, number that consider a backward movement of almost two decades as far as production refers.

Carlos Rodriguez, president of the Union of Professionals (Simpro), commented that while is not the cancellation of the bond or a reasonable and realistic explanation of the delay in its payment they will maintain in permanent assembly like protest to the situation.

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Crystallex International
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