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Venezuelan Environment Minister confirms mining ban in Imataca forest
Posted on June 23, 2008
Venezuelan Environment Minister Yubiri Ortega said over the weekend that the government will forbid mining in a biodiverse Imataca Forest Reserve, home to Crystallex s Las Cristinas and Gold Reserve s Las Brisas, according to an AP article. The government will not permit open-pit mines that cause environmental degredation and contaminate the country's water supply with cyanide and other toxic chemicals, but will consider future underground mining concessions as well as those that are currently under revision. On April 30, Crystallex [AMEX:KRY; TSX:KRY] announced that it has been denied the...
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