Ferrocasa aims to produce more than 8,000 annual kilograms of gold 2011 Ciudad Bolivar, 24 Nov. AVN-State company Compañía General of mining of Venezuela (Ferrocasa) manages a project for the comprehensive recharging your teams and expansion of operations, which would allow him to produce more 8,000 pounds of gold per year 2011.
Thus informed the President of this company had the charge by the Corporación Venezolana de Guayana (CVG), Luis Herrera, who pointed out that this plan will be financed with resources provided by the Central Bank of Venezuela (BCV).
Herrera indicated that the plan will be implemented in 100 days and aims firstly to leveling their different plants affected by the lack of spare parts production and technological obsolescence.
These problems have been reduced 50% our production capacity, leaving the 4,500 kilograms per year, but with investments we hope to return to the level that we had just two or three years ago, he explained.
Noted that the loan requested to the BCV reaches $ 300 million and will acquire and install parts requiring extraction, milling and ore transport equipment, as well as the acquisition of new high-tech equipment.
"Not only is expected to once again achieved an average production of 8 tons per year of this plan but exceed that level and retrieve the first among the gold companies in the country", he noted.
At this point, said that apart from the Alliance with the BCV has with tenders and proposals by companies of China, Venezuela and the African continent.
Herrera recalled Ferrocasa was constituted as a joint venture in 1970 and was nationalised in 1974.
Since then it has operated in deposits granted by the Venezuelan Government in El Callao, municipality in the southern state of Bolívar.
The metal produced by Ferrocasa is emptied in 7.5 kilograms, with a rate of between 70 and 85% purity ingots.
"50% of our production is sold directly to the BCV, according to legal regulations, while 25% is sold on the international market", said.
The remaining 25% is sold in the domestic market, especially to the jewelry sector activity which live many artisans located in El Callao and neighboring communities.
It also explained that two years ago the company handled Colombia mines, Sosa Méndez, Revemin and La Camorra, these last three operated by private companies.
Our first actions of mining sovereignty was rescuing Revemin, plant which had with Cristallex an expired contract two years ago, he stressed.
Subsequently, rescued the La Camorra, plant currently under operation venezolano-rusa joint venture, and Sosa Méndez mine.
"Also were recovered 3,000 hectares of gold soil, so the State Enterprise passed to handle some 41,000 hectares for 2009", said Herrera.
18: 39 11/24/2010

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