This is positive, looks like VZ is getting ready to get back into the diamond mining business.

In 2010
Venezuela considers to rejoin the Kimberley Process
The temporary withdrawal of Venezuela from the Kimberly Process
was "the intention to prepare thoroughly, and return as an organized country and in the process of industrial diamonds," said the head of the Ministry of People's Power for Basic Industries and Mining (Mibam ), Rodolfo Sanz After this year announced the suspension of Venezuela as a full member of the organization, the National Executive is studying the possibility of rejoining the certification mechanism of conflict diamonds called Kimberley Process (KP) in 2010.

According to a news release from the Ministry of People's Power for Basic Industries and Mining (Mibam), the proprietor of that entity ministerial and president of the Venezuelan Guayana Corporation (CVG), Rodolfo Sanz, explained that the temporary withdrawal of Venezuela Kimberly Process was "the intention to prepare thoroughly, and return as an organized country and in the process of industrial diamonds."

The statement was made in connection with a visit to the country a delegation of PK, who traveled with the purpose of verifying-
personally-policies that mining in the area carried the national
government.

"Our mining policy is the rational exploitation of strategic
resources," said the head of Mibam, Rodolfo Sanz, while adding that this exploitation of the minerals will always be verifiable and
transparent to international agencies.

The delegation of the international organization which was headed by the Hindu Pk Chaudhery, was received in Bolivar State-by-owner of Mibam, Rodolfo Sanz, and the deputy minister of Mines, Ivan Hernandez, where he conducted a tour to see the mining activity in the region.

According to the Deputy Minister of Mines, Ivan Hernandez, the group of foreign representatives are made a presentation on public policies in this area develops the Mibam.

In that regard, he stressed that following the suspension, Venezuela would require a time span of two years to adapt them, so joining the PK again.

For his part, head Chaudhery Pk of the delegation, expressed
satisfaction at the welcome given to him by the national government's team, an international organization, while also said to have been a very good impression on those achievements for the country's economic development - which is making the government of President Hugo Chávez.

He acknowledged that having control of mining activity is not an easy task, however, made available to the government all the support mechanisms necessary expertise and guidance in terms mining could provide the international certification process to Venezuela.

The Kimberley Process is a certification system designed to prevent conflict diamonds entering the market for diamonds. It was created to try to ensure that customers were not financing war or human rights abuses with the purchase of diamonds. Between 99% and 97% of the market for diamonds takes place between countries that are part of the plan.

ABN

http://minci.gob.ve/noticias/1/18480...
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