http://latino.foxnews.com/latino/news/2016/02/26/venezuela-signs-2-bn-mining-mou-with-canada-gold-reserve/

Del Pino, who is also Venezuela's oil minister, said gold reserves in the Orinoco Mining Arc amounted to 7,000 tons and had a market value of around $280 billion, adding that they could be developed for up to 70 years, "which guarantees a diversified source of hard currency" for the country's oil-dependent economy.

He also said MOUs were signed for the certification of that mining belt's reserves with Angola-based Endiama E.P., Namibia-based Namdeb and a pair of Chinese companies - China Camc Engineering CO. Ltd. and Yankuang Group Co.