Update on Venezuela Gold Mining: Eldora Gold Resources Canada News - Uncertainty grips expectant gold-mining communities in Venezuela. Continuing a report on the situation of gold-mining in Bolivar State and in particular on the Las Cristinas mine in Sifontes municipality, Correo del Caroni reporter, Natalie Garcia maintains that the end of the Crystallex concession has reopened the debate on the Venezuelan State's gold-mining policies, which could be said to have failed, given current labor instability and cordons of misery south of Bolivar State.
Update on Venezuela Gold Mining: Eldora Gold Resources Canada News - VHeadline News Editor Patrick J. O'Donoghue reports: Several decades ago, the Las Cristinas was held up as the salvation of thousands of local inhabitants, who were scratching a living off illegal and wild cat mining. Las Cristinas, Garcia pointed out, has not been formally exploited for more than 20 years, even though it has around 31 million ounces of gold and proven reserves.
There is also the Brisas Del Cuyuni mine formerly in the hands of Gold Reserve, which is suing the government for compensation.
The journalist (pictured right) ventures that Las Cristinas' future looms uncertain because details have not been released about the next steps to be taken.
A proposal was launched in 2008 at a meeting of the Basic Industries & Mining (Mibam) Ministry to set up an "ALBA Gold Mining District," consisting of three blocks to be distributed among small-to-medium socialist mining companies belonging to the Bolivarian Alliance for the Americas (ALBA).
Update on Venezuela Gold Mining: Eldora Gold Resources Canada News - Within the strategy, there was a social plan to invest part of the money coming from gold production, creating a warehouse center, a gold refinery and mint, and a goldsmith network under the control of mining cooperatives. Part of the plan included building a copper recovery plant because of the association between copper and gold.
Garcia raises the possibility of a 50/50 joint venture between the State and VenRus, the Russian company, currently holding the La Isidora and La Camorra concessions.
Whatever the outcome, Garcia concludes; local communities are calling for the immediate activation of mining projects and their inclusion when it comes to distributing the profits.
The main call as ever is for new job opportunities and an improvement in the local communities' standard of living. Patrick J. O'Donoghue news.editor@vheadline.com
Update on Venezuela Gold Mining: Eldora Gold Resources Canada News - Our editorial statement reads:
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