Minister of Basic Industry and Mining Rodolfo Sanz of Venezuela

Sanz said the state-owned company MINERVA has already taken control of and begun industrializing two other gold mines, La Camorra and Revemin.

Sanz said the state also plans to nationalize and industrialize several diamond mines in the Guaniamo zone.

Sanz said that the global financial crisis has made it necessary for Venezuela to assume control of its gold deposits, which can be used to increase Venezuela's international reserves.

Mining Minister Rodolfo Sanz said Tuesday that Venezuela could offer Ternium minority ownership of Sidor as part of payment.

Sanz said he expects negotiations with Ternium to conclude within 15 days.

Approached after the presentation by Reuters, Sanz said Rusoro's involvement in Las Cristinas had not yet been decided.

In a radio interview with La Voz de Guayana, Sanz said that gold production increased by 1.

According to a press release, Sanz said the executive branch plans to spur industrialization of mining in Venezuela, with the goal of definitively ending small-scale amateur mining.

CARACAS (AFP) — Venezuela will take over and nationalize Las Cristinas, the biggest gold mine in the country owned by Canadas Crystallex, Mining Minister Rodolfo Sanz said Wednesday.

Sanz said Venezuela hopes to increase its annual gold production from 4.

million tons of liquid steel to 7 million.

Industry Minister Rodolfo Sanz said the foreign-owned companies that dominate cement making in Venezuela have been "producing below their capacity so supplies don't increase, exporting their production and creating domestic market shortages.

Sanz said the government will soon start talking with the companies "to evaluate their assets" ahead of compensation.

Venezuelan President Hugo Chavez's government will take over and nationalize La Cristinas, the biggest gold mine in the country owned by Canada's Crystallex, Mining Minister Rodolfo Sanz said Wednesday.

This mine will be seized and managed by a state administration," Sanz said in a statement.

Mining Minister Rodolfo Sanz says President Hugo Chavez approved the.

Mining Minister Rodolfo Sanz says President.

Mining Minister Rodolfo Sanz says President Hugo Chavez approved the investment in an.

Sanz has grappled with problems in the wake of the Venezuelan States take over of Siderurgical del Orinoco (Sidor) and the falling bricks of a heavy industry consortium that has been in disarray for decades.

Sure enough, not too many locals are prepared to believe a string of promises from day-tripping politicos but Sanz has to break through the disbelief with actions more than mere words.

The solution is far from easy since Sanz has been thrust in direct conflict with Venezuelas Environment Minister, Yubiri Ortega de Carrizales, who just happens to be the wife of Venezuelas vice president, Ramon Carrizales, and with a sidebar claim to be Venezuelas First Lady in the absence (through divorce) of a Chavez spouse.

Leaving therefore aside the dilemma that faces Gold Reserve and its claim on Las Brisas del Cuyuni until its inevitable demise under the new Mining Act, Sanz is forced (also as supreme head of the CVG) to consider what to do about Las Cristinas.

On the plus side, Sanz has the decided opinion of the Parliamentary Standing Committee on Economic Development Mining but that in itself is at variance with the Parliamentary Standing Committee on the Environment.

Within hours of the occupation of Mibam offices in Ciudad Bolivar, the vice president of the state-owned heavy industry conglomerate, the Venezuelan Guayana Corporation (CVG), Alfredo Arcila arrived to assure the demonstrators that Rodolfo Sanz is addressing the problem and that he will give answers on Thursday (August 7) in a specially convened meeting with miners at 6:00 p.

paralyzed state-owned enterprises in Guayana.

Another problem cited by union secretary Nelson Mora is that Sanz has brought foreign personnel in to the company's aluminum management, causing an excessive financial burden to the administration.

Venezuela's production of gold, diamonds, bauxite and uranium.

VHeadline Venezuela News reports: The presence of Minister Sanz had been requested at a 11.

This is the start of a peace process in Colombia," senior Venezuelan diplomat Rodolfo Sanz said Thursday.

He said they had stopped the strike because the governor of the state called the vice president and agreed to provide solutions this Wednesday.

Sanz said he is studying alternatives to resolve the problems of the contract workers and will present a plan in 10 days.

Mining Minister Rodolfo Sanz says President Hugo Chavez approved the investment in an effort to raise annual production.

Mining Minister Rodolfo Sanz says President Hugo Chavez approved the investment in an effort to raise annual production from about 4 million tons of liquid steel to 7 million.

Mining Minister Rodolfo Sanz says President Hugo Chavez approved the investment in an effort to raise annual production from about 4 million.