Auriferous projects in Venezuela stay paralyzed, and as soon as the transnational Rusoro and the state Minerven realise the operation of the gilded one in the municipalities of the bolivarense south.

Natalie Garci'a
Photo William Urdaneta

In Venezuela the artisan mining abounds, leaving to a side the great generating developments of more social welfare

Specialists emphasize that this new upset towards the gilded one, have brought about the greater process of valuation of the metal in at least 90 years follows ahead, independent of which she gets to happen in the markets.

The forecasts as far as the next price of the metal locate in 1.500 dollars the ounce for December of the 2010, which would be a 18 percent more than the record already reached in June.

“As much an economic recovery as a new fall would have to bring new buyers to the market”, explained Eugen Wienberg, analyst of Commerzbank, that added that “one more an economy hard would have to create a greater demand of jewels. If the economy remains weak or if it gets worse, the investors will look for a refuge”.

On the other hand They give Brebner, analyst of Deutsche Bank, who is indicated like the analyst who has more right in the predictions of the metal, hopes that the gold quotes in 1.550 dollars the ounce, according to presented the international agencies.

The investments have bought east year almost 278 tons of gold, for 10,400 million dollars, to the price reached average east year. They reveal the data of Word Gold Council that such number is twice the accumulated ones of the total of official reserves of Switzerland.

In the meantime Venezuela, that owns innumerable deposits of the mineral is “failing to take advantage of” the opportunities being that a few mine really are set off. The two more important companies of the branch are the state Minerven, located in the Pebble, to the south of the state Bolivar, and the transnational Soviet Rusoro Mining.

The deposit the Cristinas, considered most important of Latin America and into the hands of the Canadian Crystallex, not yet has the permissions for operation. Combined to this from the 2009 government it has announced the possibility of terminating the concession to give it to another group investor.

While this happens, thousands of artisan miners take advantage of earth other mines scattered throughout the state Bolivar besides the legality and with fear to be vacated by the Caura Plan, installed from April of this year for the combat of the activity in protected zones and restricted areas for this activity.