Venezuala has sought loan to develop diamond mining

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Thu, Jun 25, 2009
Diamond Market News
Post by Melissa Pistilli, Diamond Senior Reporter

Venezuela is seeking a loan to help develop its gold and diamond mining sector, to be partially paid with the mineral output of the projects.

President Hugo Chavez stated:

We are on the verge of adquiring a credit with several institutions and countries to invest in the exploitation of gold, diamonds and precious metals. And we will pay a part of this credit with that production.

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