The Venezuelan government has launched its first gold processing complex as part of efforts to overcome US-led sanctions.
According to government sources, the Manuel Carlos Piar Complex in Matanzas, Bolivar State will initially process twenty kilograms of gold per month. When completed, it will reportedly have a capacity of 200 kilograms a month, which would make the complex the fifth largest in Latin America. The installation employs 150 workers and is made up of nine heap leaching plants which transform gold ore into commercially marketable gold bars.
Venezuela has 32 certified gold fields and the world’s second largest gold reserves, but currently depends heavily on costly foreign assistance to process the material. The gold industry was nationalised by former-president Hugo Chavez in 2011....Venezuelanalysis
Venezuela Unveils First Gold Processing Complex in Mining Arc
Paul Dobson
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