ANNOUNCED AS TEMPORARYNo
FDI: Treatment and operations, nes
On February 3, 2011, the Corporacion Venezolana de Guayana (the Venezuelan state agency in charge of natural resources in the southeast of the country) unilaterally terminated the mine operating contract of the Canadian mining company Crystallex International Corporation for the Las Cristinas gold mining project.
Crystallex announced on February 16, 2011 that it would bring the case to the International Centre for the Settlement of Investment Disputes (ICSID, ICSID Case No. ARB(AF)/11/2). The mining firm seeks a restitution of its investments or compensation in excess of USD3.8 billion.
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