Gold mining blocks wait for approval of Venezuelan Congres
A reform of the Law on Oil Windfall Revenues will be discussed by the Venezuelan Congress
Both plans will be submitted to the National Assembly for consideration.
Referring to the Law on Oil Windfall Revenues, Ramírez reminded that the reform seeks redistribution of oil tax rates and an increase in Pdvsa's US-dollar contributions to the central bank.
He added that the apportionment of mining areas Guasipati-El Callao, El Callao, and Sifontes Sur for gold development also awaits discussion at the National Assembly.
The minister noted that such blocks account for 81.44 million ounce of gold approximately.
"This action (Incorporating the blocks) will allow delimitation of the areas to boost oil production and prevent smuggling. It will also bring order in a sector that used to be in the hands of private enterprises, which traded in the stock market to obtain vast profit without developing the resources," Ramírez outlined.
Translated by Jhean Cabrera
At least 30 years had passed since his last visit to Caracas. He had little time to become an expert on moving about in such a complicated metropolis. Whether it was hopping on the subway, finding directions, playing waiting games at public agencies, eating whatever he could and sleeping wherever he could, Guerrero senior had been wandering the streets for 60 days, and thanks to "the boys" he found some sort of relief by way of helping hands.