Wednesday, August 17, 2016

Venezuela will receive $ 4.5 billion investment in the mining industry – Maduro – Economic Information Agency PRIME

MEXICO CITY, Aug. 17 -. PRIME Venezuelan President Nicolas Maduro said on Tuesday it has signed a number of contracts to receive investment in the mining industry of the country at $ 4.5 billion

“. We are launching the first signed agreement on investment of more than $ 4.5 billion in mining arc (in the region of the Orinoco), is the success of the republic “, – quotes Reuters the statement Maduro, has not named any further details of contracts

in. the head of Venezuela said that in the next few days will be signed contracts for another $ 20 billion related to additional investment in these projects.

Venezuela has significant reserves of gold and diamonds in the south of the country, but so far it was not possible to draw to adequate investment. In recent years, when the country’s oil revenues dropped significantly, the Venezuelan authorities are trying to find additional sources of funds to the treasury by diversifying its nefteorientirovannoy economy.

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