State will spend $ 1200 million for the aluminum industry revitalized


Caracas, 09 ABN .- About 1,200 million invest the Venezuelan State in the remainder of the year, technological adaptation of the aluminum industry, the revitalized industries that are being created for the lamination of aluminum and new steel for the production of special steels, steel shipbuilding, among others.

This was announced on Friday the Minister of People's Power for Basic Industries and Mining, Rodolfo Sanz, in a press conference held at the Miraflores Palace.

He stressed that this investment is not currently doing any Latin American country, amid the global crisis of capitalism.

He explained that in the midst of this crisis, the president, Hugo Chávez, has arranged these resources, "because for us the crisis should be an opportunity to prepare for when the world economy starts to take off to be able to continue this process of aggregation courage to continue to export not only raw materials but also export finished products.

He stressed that these projects strengthen the employment and generate new.

He cited that the new steel for the production of special steels will be of earthwork, which is well under way, construction of new industrial warehouses and the latter will increase the number of workers in the construction area.

He also stressed that the Caicara del Orinoco, Bolivar State, there is great progress in the aluminum rolling system, now called Laminalum, so that the start of civil works is to increase employment in the area, and so with all projects that have already received these resources, reaching 1,200 billion.

He said that President Chavez Frias has decided that the minerals must industrialize the nation.

On this point, Sanz confirmed that it is in the process of quantification and certification of the country's mineral wealth.

He noted that the country has the second largest reserve base of gold ore in the world, after South Africa. "We're talking about 15 thousand 550 tons of gold, ie 500 billion troy ounces of gold, but we have certified 100 million troy ounces of gold, current value is 100 billion dollars.

With gold, the Venezuelan state is moving in a process that will result in the monetization of that mineral, he said.

Similarly, the minister said that Venezuela has the eleventh position in the world monetary gold, 'and we will continue this process of monetization of gold, because that affects the growth of international reserves'.

He noted that the same will happen to the diamond, coltan, a mineral with strategic characteristics.

He cited that the country has a large reservoir on the hill Cerro El Burro and Impact of the so-called rare earth minerals that are vital for the development of the aerospace and telecommunications.

On the mineral kaolin, Sanz confirmed that it will develop the ceramic complex in the area Macapaima, Anzoátegui state, for the production of paints and sanitary items for the construction industry.

"The advantage is that Venezuela has these deposits of raw materials that allow us to move rapidly towards a sustained process of industrialization and generation of elements of raw material for industrial processes in the area and the construction industry," added .

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