Rusoro will boost production and export

Fuente: Agencias Source: Agencies
29/10/10 29/10/10

. Venezuela will allow Russian-Canadian miner Rusoro export gold from November 1, giving you the resources to raise its annual production to 600,000 ounces in two years from about 100,000 ounces this year, its chairman said on Friday executive, Andre Agapov.
. In August, Venezuela allowed mining companies operating in the country to export up to 50 percent of gold produced from the previous 30 percent in a move that seeks to attract investment into the country with large undeveloped gold reserves.
“. "Today we received permission to export, international agencies Agapov said by telephone.
. The government of President Hugo Chavez is trying to reduce its dependence on oil and mining closer strategic allies such as Russia and China, at a time when the local economy continues to struggle with the effects of the financial crisis cut oil prices.
“. "We will seek bank financing probably a Russian or Chinese," Agapov said without giving further details.
. On the other hand, the executive felt that with this expansion would Rusoro production to 600,000 ounces per year in 2012.

This year, the mine estimated to produce about 99,539 ounces of gold from 125,700 in 2009.
. Rusoro rich gold mines operating in southeastern Venezuela and is looking for Las Cristinas, one of the tanks to open untapped world's largest.
Agencias Agencies



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