BCV plans to develop gold mining



Ventral Bank President of Venezuela, Nelson Merentes, said the project will develop a gold mining that will increase international reserves. During a seminar for journalists on gold, the official said that the project to boost gold activity in the country will have an investment of 250 million dollars in two years.

"You have a gold reserve in the entire national territory to be drawn on a non-clean from the ecological point of view that must be protected because the first thing is ecology, especially in an area like the Gran Sabana have to protect the ecology in So we're gonna be, "he said. Nelson Merentes estimated that the country has 16 billion dollars in gold reserves and that "when an amount. According to technical analysis is rather going to see a part that is the jewelry market for artisans and artists who are in that type of ore and the rest that is 60 percent will be transformed into monetary gold that means that production goes directly to the reserve.

He added that the Central Bank of Venezuela and the Ministry of Basic Industries join forces to improve the exploitation and marketing of gold.

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