Venezuela is a country that has sovereignty is high, so that the country always counter with several foreign companies. Economic policy and industrial growth in Venezuela is always based on self-reliance. To support economic growth and the industrial sector in Venezuela, the country’s development menrencanakan mineral exploration and increase gold production from Venezuela.

To support the development plan produks gold mine and gold, the president of Venezuela, Hugo Chavez to talk with several companies and financial institutions to get loans that will be used to develop exploration and production of gold.

Following statement by President Venezuela

“The nation was close to securing a loan that would be used to increase its focus on mining precious metals”, Reuters reports.

“We are on the verge of acquiring a credit with several institutions and countries,” he remarked. “We will pay a part of this credit with that production.”

Venezuela has brought in a number of policies over the last decade to encourage the extraction of its natural resources, including gold.

It recently signed a deal with mining firm Rusoro to work on a number of different ventures.

Mr Chavez did not say whether the loan would link in with this agreement, what amount of money the country is seeking or which groups it is speaking to in order to get the financing.

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