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Message: BCV estimated drop of 5.3% in local mining activity
BCV estimated drop of 5.3% in local mining activity
There was a decline in production and the use of installed capacity
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In 2012 we proceeded to the expropriation and nationalization of businesses
MARION LEON | EL UNIVERSAL
Monday December 31, 2012 12:00 AM
In a favorable environment for economic growth of 5.5% of gross domestic product (GDP) for the year-end, according to estimates by the Central Bank of Venezuela (BCV), mining showed a fall of 5.3% in that activity does not oil. This decrease contrasts with the expansive behavior recorded in 2011, when it grew by 5.2%, according to the report of the BCV. Though the Government, through the National Mining Plan has indicated its willingness to turn to mining in revitalizing a sector and diversifying the national production and foreign exchange earner for the country, industry sources say that this year was characterized by "low productivity". They need to be reported "an overall utilization of installed capacity less than 40% in the metal industry and 50% in non-metallic minerals." Mining, grouped and supervised by the Corporacion Venezolana de Guayana (CVG), recorded ups and downs. The iron ore production in the January-October period, increased slightly, going from 13.4 to 13.6 million tons, according to sectoral reports, in the case of bauxite there was a decrease in production. Meanwhile CVG Minerven has continued a gradual decline in production levels this year, and in fiscal 2011, the company set a production of only 1,800 kilograms (1.8 tons) of gold and reached only 1341 kilograms (1.3 tons). In his memory and has highlighted the achievement of the goal was 75% of the estimate, however, if the plant is designed to produce 8 tons of metal, mining means that operated that year using only 24% of its capacity. Several flanks The Government has attempted through various plans, mining reorient and reorganize in order to legalize the activity that is illegal and prevent environmental degradation, mainly in the south. However, small-scale miners associations have indicated that those plans "were misguided in their application." 2012 has passed two decisions on the subject, adopted by the Executive at the end of 2011, such as the elimination of the Ministry of Basic Industries and Mining (Mibam), delegating to the Oil Ministry absorption of the discipline and the observance of the Law that the State reserves the exploration and development of Gold presidential These regulations, published in Official Gazette number 39,759, subject to state not only the exploration and exploitation of gold, but the storage, holding, profit, transportation, distribution and marketing, in its articles states that "all the gold is obtained as a result of any mining activity in the country, will be compulsory sale and delivery the Republic. " Through this instrument have been expropriations and nationalizations of small and large mining, which has resulted in new demands against the Republic, before international arbitration bodies, as in the recent case of Rusoro. The Government signed agreements with China's Citic for developing a mining map in the country and for the exploitation of gold in the mine Las Cristinas.http://www.eluniversal.com/economia/121231/bcv-estima-caida-del-53-en-la-actividad-minera-local
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