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Gold/Mining/Energy : Crystallex (KRY)

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To: Syncrude who wrote (10819)9/22/2005 12:27:31 PM
From: Michael Bakunin  Read Replies (1) of 10836
 
I think the worry now is that if Chavez is cancelling concessions that the hired help might get fired, too.

Venezuelan President Hugo Chavez said on Wednesday his government was cancelling all mining concessions and would not award any new deals to transnational companies as part of a wider sector restructuring.

"Recently ... we decided, after looking at this and looking at that, to cancel all mining concessions. We will not give any more concessions to transnationals," Chavez said in a speech late on Wednesday.

today.reuters.com/news/newsArticleSearch.aspx?storyID=57376
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