Executive corrects decree error 7,435 that indicated the transference of CVG to the Vice-presidency of the Republic.

Basic resources of companies will follow administered by the CVG. Photo File

With the amendment one left to the CVG to the Ministry of Basic Industries and Mining assigned (Mibam) since he has been from 2005 when the ministry was created.

Haydeé Valenzuela, vice-president of the CVG, confirmed that it had been an error that was corrected the 18 of May.

The 12 of May the Official Newspaper Nº 39,422 surprised the workers of CVG, that considered the action like a new attack of the Government against the development objectives and so the corporation was conceived.

The decree of the creation of the Corporations of the Iron, Steel and Aluminum has been assumed by some employees and leaders, especially by the Unique Union of Employees Public of CVG (Sunep-CVG) like a progressive dismantling of the corporation.

For 2005 when Victor Alvarez proposed “to re-invent the CVG”, the debate was centered in which the debt of the basic companies with the corporation represented a “deviation” of resources that could be used in projects of regional development.

“The tendency of last the five years demonstrates that the basic companies contribute resources less and less and receive more aid of the CVG. With the reinvención, it is tried to restrain that process and to guarantee that the corporation indeed spends the 1,5% in the development of social projects”, proposed Alvarez in the document for the debate.

For the 2005 it was spoken of which the debt of the basic industries with CVG “represents a maintained indirect subsidy”.

Nowadays CVG administers the resources of the factories, even those that by decree are not of their trusteeship.

The birth of the Corporations of Aluminum, Iron and Steel will happen to obtain that administrative independence that as good “mother” CVG has centralized.