Here is the Fonden website in VZ

http://www.fonden.gob.ve/index.php?m=16&e=7&p=0

Listed under projects for Bolivar state on the website is

Preinvestment, Commisioning and Operation of the Enterprise Social Minera Nacional CA

Government devalued the bolivar and provides for two types of change

According to President Hugo Chávez, the exchange control has been highly effective, despite complaints from some quarters (File)

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08:17 PM Caracas .- The Government today announced a devaluation of the bolivar and established two exchange rates under the existing exchange control since 2003.

At one level, raising the official rate of 2.15 to 2.60 bolívares per dollar for priority sectors such as food, health, machinery and equipment for economic development, science and technology, library and school supplies.

Also cover public sector imports, remittances, students abroad, consulates and embassies in the country, retired and some other special cases.

At a second level, established another kind of change, called oil dollars, the value will be of 4.30 bolívares per dollar, and will target other areas of the economy, among which are: the automotive, trade, telecommunications , chemicals, metal, computer, electronics, textile, electric, graphic, rubber and plastics, construction, snuff and drinks.

According to President Hugo Chávez, the exchange control has been highly effective, despite complaints from some quarters. He said further improve the mechanisms for approval of foreign exchange.

As a third level, the president announced that the Central Bank of Venezuela, together with the Executive, will intervene in the so-called foreign exchange market to prevent speculative growth and management of U.S. currency. Coupled with this, the government aims to reduce imports which are not strictly necessary and to stimulate export policy.

$ 7 billion to Fonden

President Hugo Chávez announced that 7 billion dollars will be transferred from the Central Bank of Venezuela (BCV) to the National Development Fund (Fonden).

"The international reserves have exceeded the legal limit established and these extra resources will be directed," he said.

According to the president of the BCV, Nelson Merentes, Venezuela's international reserves are about 35 billion dollars, and the legal reserve set is 28 thousand, so the remainder will be transferred to Fonden, official news agency ABN.

Meanwhile, Minister of People's Power for Planning Jorge Giordani this contribution generally benefit the development of national economy and industrial sector in relation to this, some economic announcements would be made as an incentive to generate new sources of work.

http://economia.eluniversal.com/2010/01/08/eco_ava_gobierno-devalua-el_08A3268171.shtml