However, Crystallex has been waiting for the Environmental and Social Impact Assessment (ESIA) permit to begin the construction phrase at Las Cristinas since early April 2004. The company received approval of its Environmental Impact Assessment Study (EIS) by MinAmb in June 2007. Shortly thereafter, Crystallex paid a Compliance Guarantee Bond and certain taxes for the issuance of the environmental permit.
Saturday, May 3, 2008
Crystallex paid a Compliance Guarantee Bond and certain taxes for the issuance of the environmental permit
Las Cristinas has proven and probable reserves of 16.86 million ounces of gold, as well as measured and indicated resources of 3.9 million ounces and inferred resources of 6.28 million ounces. The company forecasts annual production of 256,000 ounces for the first 5 years at a cash cost of $244/oz. For the impressive 65-year mine life, Las Cristinas will produce 233,000 ounces at an average cost of $339/oz.
However, Crystallex has been waiting for the Environmental and Social Impact Assessment (ESIA) permit to begin the construction phrase at Las Cristinas since early April 2004. The company received approval of its Environmental Impact Assessment Study (EIS) by MinAmb in June 2007. Shortly thereafter, Crystallex paid a Compliance Guarantee Bond and certain taxes for the issuance of the environmental permit.
However, Crystallex has been waiting for the Environmental and Social Impact Assessment (ESIA) permit to begin the construction phrase at Las Cristinas since early April 2004. The company received approval of its Environmental Impact Assessment Study (EIS) by MinAmb in June 2007. Shortly thereafter, Crystallex paid a Compliance Guarantee Bond and certain taxes for the issuance of the environmental permit.
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