VZ wants to export Iron ore to Europe? Doesn't that go against open pit mining? What's Ortega going to think? Previous article I posted VZ wants to work a joint venture in gold expoitation...go figure...Hey people KRY needs their permit anyone listening.

Venezuela wants to prosecute in Ecuador iron ore exporting to Europe
Archived on political, multilateral, economy, venezuela, ecuador
EFE Updated 09-08-2008 04:00 CET
Caracas .- Venezuela today expressed its willingness to prosecute in Ecuador iron ore exporting to Europe, as part of a strategic alliance due "to socialism of the twenty-first century" that both governments promoted.


zoom
(EFE) Venezuela today expressed its willingness to prosecute in Ecuador iron ore exporting to Europe.
"We are ready to prosecute in Ecuador part of our iron ore that is going to other countries, especially to Europe," for which "we are able to offer support to the Ecuadorian steel industry," he said Venezuelan Minister of Industries Basic and Mining, Rodolfo Sanz, his Ecuadorian colleague Industries and Competitiveness, Xavier Abad.

The construction of the binational steelworks that will be required to do so will be installed in any of the Pacific ports of Ecuador, said after the signing in Caracas of a "record of work" to enhance bilateral cooperation steel.

"This signature is intended to promote strategic alliances to support the development of the steel industry in Ecuador, in fairness to both sides," said Abbot.

The Venezuelan minister, also confirmed that the visit was restored Abad steel sales to Ecuador was suspended for eight months by a strike by workers that preceded the nationalization.

Sanz is also chairman of the newly nationalized steel Sidor, the largest in the Caribbean and the Andean area and until recently controlled by Argentine capital,

The ambassador of Ecuador to Venezuela, the former General Rene Vargas, stressed here that the new Constitution of his country, which must be put to a referendum next November, effectively promotes "socialism of the twenty-second century" as does Venezuela.

However, he stressed that makes it "without going to extremes of estatizar things and go against press freedom."

The visit coincided with the anniversary Abad 199, Independence Ecuador, in Caracas to commemorate the sarcophagus of Simón Bolívar.

There, the Venezuelan Vice Chancellor for americas America, Francisco Arias, recalled the bilateral society to build an oil refinery in the Ecuadorian port of Manta, with a joint investment of some 5,000 million dollars

The Venezuelan president, Hugo Chávez, and Ecuador, Rafael Correa, signed last month in Manta the formation of the joint venture that will build the binational which are expected to be the largest refining and petrochemical complex on the west coast of South America.

The petrochemical complex in the Pacific will have the capability to process some 300,000 barrels per day of crude and shareholder package consists of a 51 percent share for Patroecuador, and the remaining 49 percent to Petroleos de Venezuela SA (PDVSA).