Auriferous nationalization deepens uncertainty in municipalities of the south
posted on
Aug 23, 2011 05:22AM
Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America
Auriferous nationalization deepens uncertainty in municipalities of the south |
Monday, 22 of August of 2011 |
The productive declivity of CVG Minerven hits the economy of the towns with mining tradition in the state Bolivar. The holder of the Mibam will offer from the Pebble details of the process of nationalization announced by Chávez the past week. CVG Minerven Maria Ramirez Hair CVG Minerven produced 1,837 kilograms in 2010, an amount 56% inferior to the 2009 production The Place Bolivar of the municipality the Pebble was scene, in the morning of this Monday, of a abierto town hall in which the aspiration was discussed to nationalize the auriferous operation. Workers expressed their agreement whereupon the State reserves or controls the operation of the mineral appraised one, but they fear that the uncontrol reigns and the lack of investments makes back down the mining production. CVG Minerven has 2,338 workers, between operative and administrative. The productivity level is of 0.8 kilograms of gold by worker, the minor in the last five years. In addition, the company has closed in red numbers from 2008. In the 2010, it prevailed the electrical and mechanical lack of consumptions and problems, in spite of the high quote of the mineral. The plants and mines incorporated to their rows could not activate. The memory and counts 2010 of the Mibam indicates that the definitive incorporation of the mines: Tomi, the Victory, Incredible 4C and Incredible 4D, by the gratuitous cession and the mine Breezes of the Cuyuní by lapsing of concession in reversion to the State increased the goals, but “its fulfillment was disabled since the incorporated plants and mines could not be activated, which did not allow to increase the operativity of the company”. Economic deterioration The president of the Chamber of Commerce of the Pebble, Simón Alexander, maintained that they see themselves in the mirror of CVG Minerven. “The company is not producing and we demanded that it leaves the present directive because is gorge”, it said. The municipalities of the south depend directly on the mining activity. The deterioration of the state CVG Minerven feels in the commercial sector. “If they nationalize to companies as Rusoro we go to an economic and social disaster”, it said. The holder of the Chamber of Commerce of Roscio, Victor Kafrouni, showed that before nationalizing gold, the problems must be solved that affect the mining platform. “One is not to nationalize, but to solve because they are paralyzed and they do not produce, that must be the objective”, said. In agreement with the trade union leader, the loss in the sales of the commercial sector reaches compared 70% with previous years. “We lived an agony because we depend to the 100% on the mining. The workers of Minerven have not received their payments and he feels in the commerce”. “CVG Minerven does not have consumptions, it counts on a bad management and it requires a loan an engine power upgrade and to guarantee a good production”. Pedro Sanchez, president of the Chamber of Commerce of the Sifontes municipality, explained that the preoccupation in the south of the state Bolivar after the nationalization announcement happens of the dependency of the heading. “The perspective of the great investments are closed and the organized mining tends to disappear”. “It does not give confidence us that the State completely controls the mining production by the present experience”, it added. Labor fear They are Davis, secretary of Work and Reclamation of the Union of Mining Workers of Guayana (Untramigua), assured that they do not fear to a nationalization of gold, but to the administration of the auriferous production, considering the case of CVG Minerven that - it assured “was taken to the bankruptcy”. “The gold in the south of Bolivar is red, rojito. They do not take it by the ways green, but red. Rusoro places the 100% of its production in the Central bank of Venezuela and the exports are previous authorization of the BCV”, explained. “We fear to the failure and to the bad management of the State”, it added. The transnational one of Russian capital, Rusoro Mining, waited for the starting of the deposit Incredible the 6, after the permissions of affectation of natural resources granted by the Ministry of Basic Industries and Mining (Mibam). With the nationalization announcement, the beginning could be far, due to the revision that the national Executive will do of the mining concessions. “With these announcements we more far see the starting of Incredible the 6”, added. Fiasco aurífero_______________ More than 20 days it takes the state CVG Minerven without producing. The Secretary General of the Union of the Mining Industry and Gold (Sinmioro), Elvis Grove, maintained that the Executive promised the injection of resources during the past week. They hardly arrived Versus. 7 million, that were used for the partial payment of wages “after three weeks without acquiring and 17 days of retardation in the cancellation of cestaticket”. The recovery commission and I reimpel that it works in the state one for four months “does the possible thing to maintain to the company, but without resources is difficult (…) what we asked is an able management and investment”. The Secretary General of the Union of Professionals of CVG Minerven (Simpro), Carlos Rodriguez, maintained that they wait for a loan of Versus. 265 million of the Central bank of Venezuela (BCV) for the purchase of consumptions and wage payment. “There is uncertainty but it is necessary to see the scope of the nationalization. I believe that the gold reserves must be in the hands of the State but there is distrust”. |