Maria Ramirez Hair

At the end of November, the national Executive delay to make specific the migration of the transnational Rusoro Mining to mixed company, after the company/signature of the decree-law of nationalization of the gold, through what the State reserves to the activities of exploration and operation of gold, as well as connected and the auxiliary ones to this one.

Minister of Energy and Petróleo, Rafael Ramirez, last night informed - to traverse of the program Counterstroke of Venezuelan of Television that - from the company/signature into the law the mining concessions are extinguished. The norm establishes a term of 90 days for the incorporation of the State in mining private companies and their migration to mixed companies.

The section concerns directly to the transnational one of Russian capital, Rusoro Mining, that - it assured has given positive answer. “There we have a Russian partnership, we were in contact with the enemy with them since we have done in petroleum, with all the transnational companies. We have made them a proposal so that they come to the scheme of mixed company and its answer has been positive, so that way we are going to have smoothed the way so that the State between completely”.

“The one that the State enters the operation, means that it is entering with force”, it said.

A source of the transnational one indicated that they have informed to them that the mixed company would have a composition shareholder of a 55% property of the State and 45% of the private one.

Around the Joint Plan of Strategic operation for the Development of Petroliferous Faja of Orinoco (FPO) and the Mining Arc, approved by president Hugo Chavez, the holder of the Petroleum portfolio maintained that Pdvsa will make a strategic alliance with the Venezuelan Corporation of Guayana (CVG) so that the mining development props up to the oil tanker.

It indicated that state oil and the CVG is going away to associate to down develop to activities of industrial development “waters”. It declared that they have identified a set of mixed companies to conform and, in addition, will in the long term sign an agreement of provision of consumptions.

“There are consumptions that the oil industry like the coke produces, then we have studied companies, its economic balance and that is another lot”, emphasized, when indicating that the had the charge of ones by the CVG also produce raw materials required by the oil industry.