China evaluate Venezuela mining potential 
Photo: Courtesy NDP
(Caracas, November 02. News24) .- With the purpose of attracting foreign investment and developing new productive projects, the Minister of Popular Power for Ecological Mining Development, Vctor Cano, held a meeting with representatives of the Chinese Development Bank, who evaluated the potentialities in the national mining area .
According to Minister Cano, the meeting discussed the entire legal and financial framework, as well as the models of strategic alliances that the Venezuelan State has through the Mining Motor to execute projects of exploration, exploitation and processing of metallic minerals and not metallic
"The delegation of the Chinese Development Bank showed great interest in financing projects to produce gold, iron, coltan, diamond, nickel, among others.This is the largest bank in China dedicated to project financing, and we are working to start new projects based on the capabilities we have in the mining area. Any mining production project that is agreed upon, would be done with low environmental impact technology, "he said.
In this regard, Cano reported that there are two major Chinese companies with which discussions have begun to develop eco-friendly mining projects in several blocks of the Orinoco Mining Arc (AMO), in order to produce gold and diamond in Venezuelan territory.
"Today we present to the representation of the People's Republic of China all the opportunities and possibilities of development of mining projects in our nation. We have an enormous potential of certified resources, which I am sure will attract Chinese investors to generate environmentally responsible productive projects that guarantee the welfare of both nations, "said the head of the mining portfolio.
For his part, Tian Yunhai, senior advisor of the Chinese Development Bank, said they are willing to strengthen trade relations since the two countries have a great history as financial, political and strategic allies.
"We want to increase cooperation and propose productive options for Venezuela, especially in these difficult times for its economy. We have a lot of confidence and expectations with the projects and potentials that the Mining Engine has shown us; I am sure we can move forward and attract new foreign investments to help the Venezuelan people, because this country has the mineral resources to generate development and progress, "said the delegate.