Venezuela to develop Cristinas gold mine with China

Venezuela will develop its huge Las Cristinas gold project in partnership with Chinese state investment company CITIC, President Hugo Chavez announced on Friday. The government last year cancelled Canadian company Crystallex International's...

US Gold hires COO

Toronto-based US Gold has appointed William Faust as COO from August 1, the company said on Wednesday. Faust worked most recently as COO at Crystallex International, and has also worked for Nevada Pacific Gold, Pan American Silver and Eldorado Gold.

Crystallex files for arbitration over Venezuela gold project

Toronto-based Crystallex International has filed a request for arbitration against the government of Venezuela before the World Bank's International Centre for Settlement of Investment Disputes, and is seeking more than $3,8-billion in damages...

Crystallex falls on news of Venezuela contract termination

Shares in Crystallex International dropped almost 40% on Monday, after the company said at the weekend that the government of Venezuela has “unilaterally terminated” the mining contract for its flagship Las Cristinas project. Crystallex...

Rusoro sees feasibility study by mid-2010 on Venezuela mine expansion

TSX Venture Exchange-listed Rusoro Mining expects to finalise a feasibility study on expanding output at its Choco 10 mine in the first half of next year, and will then set about raising the $220-million or so that it needs to fund the project....

Gold Reserve plans to file Venezuela arbitration claim in October

Spokane, Washington-based Gold Reserve plans to file a claim for international arbitration in a dispute with the government of Venezuela in late October, president Doug Belanger said on Tuesday. The firm has said it could claim more than...

Crystallex still awaits response on permit appeal

Toronto-based Crystallex International said on Wednesday it has not received a response from Venezuela's Minister of Environment and Natural Resources, to the company's appeal in June 2008 against a decision to deny a permit for its Las Cristinas...

Rusoro extends bid for defiant Gold Reserve

Vancouver-based Rusoro Mining has given shareholders in Gold Reserve Inc until February 18 to accept its takeover offer, after the original offer period was to have closed this week. However, Gold Reserve, which has rejected the bid as too low,...

Daily podcast – January 15, 2009

In today's podcast: the proposed Implats-Mvela-Northam platinum transaction has been terminated; and two JSE-listed platinum companies close shafts after two workers are killed in mine accidents.

Crystallex in the dark over Chavez comments

Toronto-based Crystallex International has not been informed by the Venezuelan government about any changes in the status of its Las Cristinas gold project, the firm said on Wednesday. The company was responding to comments reportedly made by...

Legal claims are 'completely unfounded' – Rusoro president

Allegations that Vancouver-based Rusoro Mining's financial advisers had inappropriate access to confidential information when it prepared a hostile takeover bid for Gold Reserve are “completely unfounded”, president George Salamis asserted on...

Crystallex hit with lawsuit

Toronto-based Crystallex International, which has been waiting for years for permission to build a gold mine in Venezuela, is now facing a securities fraud class action lawsuit. The action has been filed by New York-based law firm Sarraf Gentile,...