INSUBCONTINENT EXCLUSIVE:
Ltd., aiming to restore steel output that plummeted from 4 million tons yearly in the early 2000s to under 100,000 tons recently.Another
pact with Seychelles-based Abyssal Knot Corp targets aluminum production, tapping into vast bauxite reserves
estimated 7,000-ton reserves.The agreements also cover industrial pump manufacturing, new mineral exploration, and infrastructure projects
A deal with Sencamer updates quality standards to push exports, diversifying an economy where oil once made up 90% of earnings.Venezuela
Boosts Mining and Metals with Global Deals
tons in 2024, underscoring the urgency of these moves
environmental damage.The Orinoco Mining Arc, launched in 2016, drives this push, though critics highlight corruption and ecological risks,
like illegal mining near Angel Falls
Still, hundreds of millions in potential investment could revive jobs and output.Maduro frames this as a public-private win, leveraging
sanctions and a disputed 2024 election
He insists the country has all it needs to grow
dependency, drawing foreign cash and tech to a battered economy
Observers watch closely as Venezuela tests its industrial comeback on the world stage.
