CVG signs agreement with BCV gold production
Saturday, February 27th, 2010
The owner of the CVG and Mibam said to be processed and produce about 35 tons of gold per year.



Sanz did not specify the purpose of this alliance. Photo courtesy La Corporacion Venezolana de Guayana (CVG) signed an agreement with the Guyana Central Bank (BCV) for the production of 170 tonnes of gold in the coming years, the Ministry of Basic Industries and Mining in a statement.

"This as a result of the accumulation of gold-bearing sands are wastes containing grams of gold associated with mercury and other chemical components deposited during the years of production of this item," he says.

The owner of the CVG and Mibam, Rodolfo Sanz said to be processed and produce about 35 tons of gold per year. To do this, we will implement a procedure for accelerated cyanidation reactors to separate gold from waste.

This project awaits approval from the President of the Republic will generate 600 direct jobs and over 4,000 direct. Concessions are located in the Venezuelan state. The investment is in the order of $ 300 million and will yield profits of five billion dollars in four years.

Sanz stressed that this is an ecological process that retrieves the environment because they will process and clean the areas that are contaminated with mercury or cyanide, is therefore set to environmental regulations, reviewed the press release.

Mining GDP
In regard to energy rationing, the minister said that if the situation is normalized electrical forcing the decline of production, basic business Guayana stabilize and end with positive results.

He explained that the mining GDP is measured by the iron, so that would not go down much because if exported ten million tons of iron, is meeting the export target. "Ferrominera at its best export nine million tons and will export this year between ten and eleven million tons and iron is 80% for the measurement, so that would not go down much."

Traffic Ferresidor product

During the inspection Ferresidor Ferretero Socialist Market, located in Valles del Tuy in the state of Miranda, the owner of Mibam, Rodolfo Sanz said that in Ferresidor San Felix, Bolivar state, some irregularities were detected of which "and were curbed. In this regard, said several community councils were dealing in the products sold in Ferresidor.

The fact was established by the officer as a crime and in that sense, said to be detected similar situation does not shake the market pulse to close the ironmonger.

He said that will sell products made in the Siderurgica del Orinoco (Sidor) as spokes with 45% discount.

http://www.correodelcaroni.com/content/view/147997/113/