The president of the Bolivarian Republic of Venezuela, Nicolás Maduro, reported on Wednesday that the country has 1.2 billion euros in certified mineral wealth.
During the launching of the 2019-2025 National Mining Plan at Miraflores Palace, he explained that Venezuela has 321,350,000 tons of Bauxite, which gives a figure of 14 billion euros certified; in nickel, there are 28,927,980 tons, with which the country becomes the world’s first reserve of this mineral: «which results in, and we also have to look for its monetization, a wealth of 284 billion euros», highlighted the Head of State.
He also noted that are certified 14,605 million tons of iron, equivalent to 717 billion euros; 7,400,000 certified tons in phosphate, corresponding to 666 million, while also having 4,770,629 tons of feldspar, which translates into 281 million euros.
Regarding gold, he stressed that the country today reaches the international legal certification of 2,236 tons, equivalent to 94 billion euros «towards the certification of the largest gold reserve in the world». In addition, have been certified 1,020 million carats of diamond, making it the first reserve in the world, corresponding to 136 billion euros in diamonds.
The dignitary commissioned the Vice President of the Republic, Delcy Rodríguez and the Minister of People’s Power for Mining Development, Víctor Cano, to carry out the necessary steps to monetize these riches in favor of the happiness of the people, while inviting the national and international investors to make strategic alliances with the National Government under the win-win scheme, in function of the national development.
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