RUSAL to mine bauxite, produce aluminum in Venezuela - Sechin

CARACAS.  Nov  6  (Interfax) - United Company RUSAL (UC RUSAL) will mine bauxite  and  produce  aluminum in Venezuela, Deputy Prime Minister Igor Sechin  said  at  Thursday  at  a meeting of the inter-governmental
commission in Caracas.
     "Cooperation  in  the  mining  industry  is  growing. RUSAL will be implementing  projects  to  mine  bauxite  and produce aluminum," Sechin said.
     RUSAL  identified Venezuela as potentially interesting market years ago. In  September  2007  it  signed a letter of intent with Corporacion Venezolana  de  Guayana  to study opportunities to develop the materials
and aluminum projects. The document provides for studying the technical, economic  and financial aspects of a joint venture that might be created to implement   mutually   beneficial  projects  in  bauxite  mining  and
production of alumina, aluminum and alloys.
     Corporacion  Venezolana  de Guayana is a state corporation attached to the Planning  and  Development Ministry. The corporation's operations are aimed  at studying and inventorying the resources of Guyana in order
to enable  their rational use and development. As a regional development agency,  CVG concentrates its efforts on attracting domestic and foreign investment  and  in  developing  national  industry  and  defense of the
nation's natural resources.