Venezuela is rich in mineral

Venezuela: 2011 iron production increased by 21%

Venezuelan iron ore producer FerromineraOrinoco has said that in 2011 the country's iron production reached 17 million tons, the annual increase of 21%, but this value is still 25 million tonnes of its rated capacity far.

Venezuela's iron, aluminum and steel production are much lower than capacity, which is the lack of capital and technology caused by the withdrawal, but not completely overcome the power crisis has exacerbated the problem in this production.small stone crusher

However, Venezuela, trying one of its important strategic partner - China's credit support to overcome this problem, this year China will be the country's metals business investment nearly $ 1 billion.
FerromineraOrinoco president RadwanSabbagh expressed: "We will resume production in 2012 20 million tons to meet this milestone moment."sand washer machine
According to the US Geological Survey said, Venezuela is Latin America's most abundant reserves of iron one of the countries, production reached 40 million tons, of which nearly 40% for export.

Venezuela's main mineral

Venezuela's main minerals: the oil industry is the backbone of economic development. In 1983 crude oil production of about 1.5 million tons, the world's major oil producers and exporters. More developed light industry since the 1970s focused on the development of the iron and steel, petrochemicals, aluminum and other industries. Arable land accounts for only 7.1% of arable land, the main production of corn, rice, coffee, cocoa, vibrating screens coal, cotton, animal husbandry, mainly in cattle, farm products can not be self-sufficient . Crude oil and its products account for more than 90% of total exports, followed by iron ore, aluminum, coffee, cocoa, etc.