Ingeomin to map industrial minerals in Bolívar

Monday, December 11, 2006

Venezuela's geology and mining bureau (Ingeomin) will make an inventory of non-metallic mineral reserves in southeastern Bolívar state to impel projects associated with the industry.

"We know that there is great potential for non-metallic minerals here but we do not know much about the reserves that could be used for industrial development," an entity official told BNamericas.

The proposal seeks to create an updated map of deposits for marble, kaolin, clay, granite, sand, slate and limestone, among other minerals present in Bolívar state. Once exploration is finished and reserves updated, the idea is to carry out projects with government support, the Ingeomin official said without providing further details.

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Once the initiative is established, various investment projects can be launched including plants to process granite blocks or factories to produce finished products such as floor tiles and paving stones, the official said.

The inventory map will be developed with the support of local mining authority Iamib, which regulates decentralized non-metallic mining in Bolívar state.

The state also hosts large metallic mining deposits such the Las Cristinas and Las Brisas gold projects, respectively owned by Crystallex (TSX: KRY) and Gold Reserve (TSX: GRZ), as well as the Los Pijiguaos bauxite mine, operated by state alumina producer Bauxilum.