Venezuela Signs Mining Deals
World Economy

Venezuela Signs Mining Deals

President Nicolas Maduro said Venezuela had struck $4.5 billion in mining deals with foreign and domestic companies, part of a plan to lift the OPEC nation’s economy out of deep recession causing food shortages and social unrest, Reuters reported. Maduro said the deals were with Canadian, South African, US and Venezuelan companies, but did not specify whether contracts had been signed or just initial agreements. The socialist leader, whose popularity hit a nine-month low in a survey published this week, said he expected $20 billion in mining investment contracts to be signed in coming days and that 60% of the income Venezuela received would be spent on social projects.

Short URL : http://goo.gl/h4xF9I
  1. http://goo.gl/KLP3uo
  • http://goo.gl/zmWNT6
  • http://goo.gl/IWHZeY
  • http://goo.gl/h2g5VE
  • http://goo.gl/OTvY3V

You can also read ...

Imran Khan Says Economic Revival a Priority
Pakistan Prime Minister Imran Khan on Thursday said that the...
Zimbabwe is in arrears of nearly $1.8 billion  to the World Bank and ADB .
The International Monetary Fund Thursday said it was ready to...
While the tariff conflict may still be in its infancy,  global trade growth rate has almost halved.
The global economy will continue to expand strongly in the...
Premier Li Keqiang has  voiced confidence in China’s ability to overcome obstacles.
Chinese officials are shrugging off warnings that the trade...
Global Stocks Hit 6-Month High
World shares hit their highest levels in more than six months...
Poland to Maintain Solid Growth
Polish economy’s all significant macro fundamentals appear...
King Khaled International Airport
Saudi Aramco may have grabbed the biggest headlines, but the...
Georgia Economy Recovering
Christine Lagarde, the managing director of the International...