Venezuela has reached a settlement with Canadian gold miner Crystallex to hold onto its US refiner Citgo, but will have to stay on top of payments through early 2021 to protect the crucial refining assets. Receive daily email alerts, subscriber notes & personalize your experience. Register Now PDVSA’s control of Citgo, the state-owned company’s most valued asset, was thrown into uncertainty in August when a US judge said the defunct Crystallex could go after the Citgo shares to collect on a $1.2 billion judgment related to Venezuela nationalizing its mine. Venezuela has paid Crystallex $500 million of the total judgment, which has grown to $1.4 billion with interest. A January 10 deadline looms for the next payment, and Venezuela can only use one 30-day remedy period per calendar year if it misses a payment, according to court documents. Crystallex CEO Bob Fung said Monday that if Venezuela […]