Companies from China and other countries sign agreements for mining production in Venezuela

“Many more have been signed, which are contracts and memorandums of intent and joint work,” said the head of state “Many more have been signed, which are contracts and memorandums of intent and joint work,” said the head of state
“Many more have been signed, which are contracts and memorandums of intent and joint work,” said the head of state
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Con El Mazo Dando 11 años

Published at: 24/03/2025 06:55 PM

In order to continue the process of productive expansion of Guyana's basic industries and comprehensive mining development, this Monday, March 24, the Bolivarian Government signed eight investment documents, in an act led by the President of the Republic, Nicolás Maduro.

“Eight investment documents in vital aspects to follow the process of productive expansion of Guiana's Basic Industries, Mineral-Integral Development,” said the head of state.

The documents were signed in the state of Bolívar, where Expo Metal 2025 closed and activated the fourth Engine dedicated to the Mining and Basic Industries sector of the Development Plan for the 13 Productive Engines.

He stressed that “there are eight documents that are going to be signed in public, but many more have already been signed, which are contracts and memorandums of intent and joint work.”

In this regard, the Venezuelan Corporation of Guiana (CVG), together with its president and minister of the People's Power for Ecological Mining Development, Héctor Silva, signed strategic alliances, memorandum and inter-institutional agreement.

The documents are: Memorandum of Understanding for the investment in the seamless pipe plant located within the company Siderurgica Alfredo Maneiro (SIDOR) between CVG and the company Zhongshe Foreing CO. LTD.

Memorandum of Understanding for mining in the gold area between the Ministry of People's Power for Ecological Mining Development and the company Zhongshe Foreing CO. LTD.

Memorandum of Understanding in the aluminum sector between Bauxilum and the company Abyssal Knot Corp Republic of Seychelles.

Memorandum of Understanding of investments for the activation of the production and manufacturing line of Pumps of the company Factories of Factories between the CVG and the company Cetus Grupo Empresarial.

Strategic alliance for the exploitation and exploration of the Sosa Mendez mine between Minerven and the company Aurumin.

Strategic alliance between the Ministry of People's Power for Transportation, CVG (Sidor) and Great Wall Bridges, for the Construction of a Steel Bridge.

Work Memorandum between the company RedBown Capital and the CVG to install and put into production the new steel mill "Abreu e Lima" in Venezuela.

Contract for the purchase of power cables for the Orinoco Oil Belt between CVG and PDVSA (BariVEN).

Inter-institutional agreement between CVG and SEMCANER

Mazo News Team