Venezuela adds three new gold blocks to mining corporation
The blocks, known as Guasipati-Callao, El Callao and Sifontes Sur are estimated to hold reserves amounting to 81 million ounce
The blocks, commonly known as Guasipati-Callao, El Callao and Sifontes Sur are estimated to hold gold reserves amounting to 81 million ounce.
The minister added that Venezuela's gold reserves account for 133 million ounce.
Translated by Jhean Cabrera
President Nicolás Maduro is not only the heir to the throne, but also to an economic crisis which demanded urgent measures to rectify the course. The crisis showed up in two aspects: a 50% inflation estimate, and shortage of staples ranging between 70% and 98%. These issues might hit the President's poor popularity; considering his feeble electoral victory of 1% over his challenger.