Asset report

Las Cristinas gold mine project

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Report summary

The Las Cristinas project has a troubled history of development. In mid 2010 a strategic partnership was established with China Railways Resources Group Co. Ltd. (CRRC), hoping that this would facilitate and speed up permitting issues. In February 2011, CVG unilaterally revoked the mining operating contract with Crystallex. The announcement of nationalisation of the gold industry in August 2011 reverted all rights to the Venezuelan government.

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    Las Cristinas Project gold mine

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    Las Cristinas gold mine project

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