Mibam Venezuela certify its mineral reserves

Caracas, Jan. 19 ABN .- The geological survey has enabled the Ministry of People's Power for Basic Industries and Mining (Mibam) to locate the national reserves of strategic minerals, so this year aim to complete the database on the subject to enter a certificate from the country's mineral reserves.

So informed the Minister of People's Power for Basic Industries and Mining, Rodolfo Sanz, this Monday, on the agenda at the moment, transmitting Venezolana de Television (VTV).

In the case of steel, 2008 was a year very positive for the domestic steel industry, the owner insisted.

'We have proposed a process of industrialization of the entire process of our strategic minerals such as gold, diamonds, uranium, "he said.

He revealed: 'We know where our diamond reserves. In Santa Elena de Uairén and Guaniamo, Bolivar state, there may be a diamond formation that allows the installation of industrial plants for processing.

He also mentioned that deal with information as to where lie the strategic minerals that are used for ferroalloys, which are on the borders between the states of Amazonas and Bolivar, The Impact on the hill.

'Also we know where the uranium, "he said and noted that the Las Cristinas deposit, the gold reserve is close to 31 million ounces,' which at present value gives us some 33 billion dollars, against which reserves the country can obtain external financing.

'We will take to install Guaniamo for diamond processing plants to begin operation of the District diamond Guaniamo and the State will exercise sovereign control over the Las Cristinas deposit, "said the minister.

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