On 24th Febuary, Venezuela central bank governor and national oil company CEO chair international meeting about Orinoco mineral belt exploration . The president said as the oil price falls down, the country will increase mining exploration, Orinoco mineral belt covers area of 110 thousand square kilometers, it is predicted gold reserves 4136 tons, diamond reserves 3.379 ct, iron ore reserves 3.644 billion tons, alumina 14.678 billion tons, and coltan, Kaolin. Copper ore are also very rich. Venezuela welcome national and foreign investors cooperated with Venezuela government with max 45% stocks, the rules about mineral belt development was signed during the meeting. 

Sandmine machinery can provide whole mining processing solution, from primary coarse crushing to secondary crushing, to the final products, Sandmine machinery have very professional engineers to design suitable solution. There are many customers using Sandmine machinery in Venezuela, in the future, Sandmine will try to promote more and more cooperation with Venezuela mining industry.