ESPACIO PUBLICITARIO
CARACAS, Wednesday February 06, 2013 | Update
 
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ECONOMY

Opposition deputy: The Venezuelan gov't targets gold to negotiate debt

Venezuela's opposition deputy Américo De Grazia dismissed China-Venezuela agreement over gold mines

Deputy Américo De Grazia
EL UNIVERSAL
Wednesday February 06, 2013  01:37 PM
Referring to the recent apportionment of Venezuelan gold mines (Las Cristinas and Las Brisas) to Citic Group by the Venezuelan Government for exploration and production, opposition Deputy Américo De Grazia said that Venezuela had found the highest bidder.

Venezuelan authorities "are seeking the highest bidder and they have found it. That is why we have regarded this as a fraud against the nation," De Grazia remarked, adding that the "government has plans to use the natural resource as a means to negotiate its own debt."

The opposition leader stressed that said negotiation "is by no means beneficial for Venezuela and will rather lead to increased debt or could be used to pay the current debt with gold and diamonds (...)."

Translated by Jhean Cabrera
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The rock of discord

A shipment of over 30,000 tons of phosphate arrived at Puerto Cabello port in late July on board the Shi Long Ling, a Chinese-flagged vessel that began its long journey in northern Africa. The cargo boat docked on July 26 after traveling more than 3,200 nautical miles. Undoubtedly, this would just be considered one in many cargo ships crisscrossing the oceans if it were not for the fact that Venezuela has denounced Western Sahara occupation by Morocco and yet purchases the territory's natural resource products from the occupying power.

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