FISHY REPORT ALERT WATCH-Venezuela Mining Report 2010 http://www.companiesandmarkets.com/Summary-Market-Report/venezuela-mining-report-2010-290232.asp

Country Overview Venezuela is home to reserves of bauxite, coal, gold, iron ore and nickel, among other minerals. The country also has extensive smelting and metal processing capabilities and is a producer and exporter of steel and aluminium products. Industry Forecast We currently hold a very negative view on Venezuela’s mining sector. The country’s rampant inflation will do much to undermine growth in real terms, although production levels for individual metals may rise.

At present, we are forecasting average annual real terms contraction of 11.3% over our newlyextended forecast period to 2014.

Were there to be a change of regime in Caracas (which seems unlikely at present), then we would look to revisit these negative forecasts. We believe that Venezuela boasts significant natural resource wealth, especially undeveloped gold deposits, which would be of interest to western investors should a new government emerge.

comment-who is this companiesandmarkets behind report,all anxious for regime change ,covetting the natural riches?> www.companiesandmarkets.com is a Vertical Edge Ltd brand, registered in England and Wales. Company No: 5816386. VAT Registered 899 997 106. Registered office address is 10 Sloe Lane, Mawsley, Northamptonshire, NN14 1TE, United Kingdom. ill be looking for whos bhind this group site doenst say,but i suspect itsa rio tinto zinc front group...will keep looking into it...