Vice President Rodríguez: Mining growth in the country is a mechanism to boost GDP

“We are on the right path in defending sovereignty over our mineral resources,” Rodríguez said. “We are on the right path in defending sovereignty over our mineral resources,” Rodríguez said.
“We are on the right path in defending sovereignty over our mineral resources,” Rodríguez said.
@presidencialve
Con El Mazo Dando 11 años

Published at: 24/03/2025 09:10 PM

The Executive Vice President of the Republic, Delcy Rodríguez, said that 45% of the world economy is related to the mining sector and in this area, she highlighted the growth of mining in Venezuela as a mechanism for boosting Gross Domestic Product (GDP).

In this regard, he specified that in 2024 the share of mining in GDP grew by 9%. “It means that we are on the right path in defending sovereignty over our mineral resources and in developing for Venezuela in both private, public, national and international alliances,” he said.

The statement was made in Bolívar state where the President of the Republic, Nicolás Maduro, closed Expo Metal 2025 and activated the fourth Engine dedicated to the Mining and Basic Industries sector of the Development Plan for the 13 Productive Engines.

He specified that at Expoferia Metal 2025, “the new world has been present, more than 30 countries arrived in Venezuela because they believe in the proper rules of international trade.”

“They know that Venezuela has large reserves of strategic minerals,” he said.

Rodríguez explained that “China, here is Russia, there is Iran, there is India, Turkey, United Arab Emirates, the New World” participated in the Expo.

“It is the world that comes to Venezuela because it believes in international economic legality, that they come to our country because they also know that Venezuela has the largest reserve of bauxite, gold and diamonds and we receive that investment within the framework of international law,” he stressed.

Regarding the PAE formula (Produce, Supply in Venezuela and Export), he explained that it translates into an extraordinary equation that is applied in this iron, steel, aluminum and mining sector, in order to be able to develop these potentialities.

Along these lines, he argued that the results of the 2024 Expo are already materializing. “All the investments that were signed there are in full execution and have allowed development and productivity in briquettes, in the steel industry, in river dredging, which after eleven years is now free to navigate, to consolidate the export engine,” he said.

Mazo News Team