Russian companies may invest $1bn in Venezuelan mining projects

FILE PHOTO AFP Carl de Souza

Russian miners are interested in mining gold and diamonds in Venezuela and may invest up to $1 billion for mining projects in the country, Russian media reported as the leaders of the two countries met in Moscow on Wednesday.

“According to Venezuela’s estimates, Russian investments may reach around $1 billion,” documents for the talks between Russian President Vladimir Putin and his Venezuelan counterpart Nicolas Maduro read, as cited by TASS.

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