In his new visit that the president of Venezuela, Hugo Chávez done to Moscow, were ratified before the two governments, Russian and Venezuelan, extensive investments in the Russian group, Rusoro has in the municipalities of the South, for kaolin mining and gold According issued a source informed.

Investment in industries of gold and kaolin, in the municipalities of the South, were confirmed by Vladimir Korneev, representative of Rusoro for americas America. Kornev confirmed the purchase by this group of assets Hecla and then their subsequent partnership with the Government of Venezuela to establish a capital 50-50. This corresponds to capital assets and rights that the company had operating Hecla La Camorra mine and El Callao. Kornev said that in the coming days, there will be hiring 250 more workers. The agreements determine full respect to environmental and labor, there was a projection to work together with communities in the area.

This transaction is framed in cooperation agreements between the governments of Russia and Venezuela, many of which were ratified by the presidents of the two nations during his visit to Russia just made by the president Chavez

Cooperation Agreements

Our interviewee spoke of several cooperation agreements in Russia and Venezuela, referring to them are under way and the mining operation at La Camorra and Callao, part of this package of agreements.

We are starting the formation of a joint venture gold. I think it is the first company socialist gold, which is based in Venezuela.