They deny financial crisis in CVG
posted on
Apr 04, 2009 03:34AM
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
They deny financial crisis in CVG | ![]() |
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Saturday, 04 of April of 2009 |
Maria Ramirez Hair
to speak slow and sport adorned with a sweater long sleeve red color, the civil servant located in a strategic position as much in the Corporation as in the Iron and steel of the Orinoco “Alfredo Maneiro” (Sidor) gave answer to diverse aspects around the management of the being, but it made clear that the organism, founded on 1940, is not going to disappear and denied that is in financial crisis. “When we arrived here all bet to the failure. The CVG was not productive for anybody and budget 2008 was it jeopardize in more of 62% and was February”, said, when remembering that they had “to stretch like a chewing-gum” the money to take care of the ten months remaining. “Thanks to those policies we can say that in CVG one is not going away to live the international policy that other rich nations live. CVG without obtaining the income of some of their companies is going to stay and is going to finance all the expenses to be present”, stressed. Marcano indicated that until the 2007 CVG it obtained income by sale of constructions, lands, farming, forest products, generally, of assets, besides 2% contributed by the filial companies, of which “the unique one that was producing really well” was Edelca. In that sense, it assured, decided to act with “austerity policies” that at present allow the Corporation not to undergo the impacts of the world-wide crisis, said. Without tambaleos The director of CVG, Cecilio Pineda, needed in the middle of February, that the total income of the originating CVG of the branchs reach the Bs.F. 850 annual million. The exit of FMO and Sidor, then, reduce Bs.F. 500 million of the total of perceived income of branchs, that is to say, 58% of the originating entrances of the basic companies. Although it was to be expected a fort impact in his finances, Marcano assured that these transferences have not affected the CVG. “All the workers have received and the companies that serve to us are acquiring e, even, we are making investments in the desmalezamiento of the city and developing some residential works of importance like development, acquisitions of some equipment that we needed to improve like the countable system, as well as the systems of Internet communication and radio”. The general manager of Administration and Finances, Lina Marcano, asserted that the CVG are honest the pending labor commitments from the 2006, “in spite of not to have sold neither a land parcel, nor a construction, nor an agricultural product”. Nevertheless, he admitted that some debts of 2005 exist and 2007 slopes, “but I hope we cancel that them and we are going to have a clean CVG of commitments”. He explained that in some cases the debts must, not for want of resources, but to problems with the countable system still in evaluation. Expectations of payment “I am interested in having a meeting because I believe that yes we are in capacity to pay the amounts, but by means of agreements of mutual respect and consideration”, she said, while she asked for the industrialists to extend the information on the debts in order “to run the errands necessary and to realise the so awaited meeting to solve these problems”. It is important to emphasize that the industrialists have sent numerous communications to the CVG from the last year, have presented/displayed proposals of payment to the debts, plans of rescue and financial aid for the state ones, but these have not had echo. “Neither in canvas shoes nor in guayuco” “The revolution that I share is the revolution to walk in canvas shoes neither in guayuco nor with the barefoot feet, that yes, respecting the clothes of my compatriots… my revolution is to have a country where all enjoy a life comforts, benefits and of health”, it assured the general manager Administration and Finances, Lina Marcano, when recognizing the assumed expenses among others things for the remodeling of three residences located in the city, by the order of 440 thousands of strong bolivars. The civil servant added that the expenses destined to the remodeling and the purchase of furniture for diverse managements of the Corporation were realised to avoid, in the future, expenses in hotels and inns that - she asserted were “astronomical” to his arrival. |