Mines
- Investment in Own Mines: EMINERALS has developed and financed two major mines in Bolívar State: Agrominera Belén and Molinos el Dorado Y&A, both dedicated to gold mining and extraction.
- Impact on Production and Community: Operations include underground mining at Mina Belén, with high-grade gold (>20 g/t), and a network of more than 500 artisanal mining fronts at Molinos el Dorado Y&A, generating between 3,000 and 5,000 direct and indirect local jobs.
- Processing of Extracted Material: The gold extracted from both mines is processed in specialized facilities (Almaz Mills and El Dorado Mills), ensuring efficiency in the production chain.
Mining Companies
Agrominera Belén
(Own Investment)
The company extracts gold through underground mining, operating at a depth of 30 meters with a 35-meter-long drift under development. The vein, 0.30 to 1.5 meters thick, has an average grade of over 20 grams of gold per ton.
Operations:- EMINERALS has invested in the development of the mine, financing operations and needs.
- Production began in late November 2024.
- The extracted material will be processed at Molinos Almaz.
Molinos el dorado Y&A
(Own Investment)
It is a gold deposit with more than 500 mining and artisanal fronts, with around 10 people in each one.
Operations:- EMINERALS finances mining fronts by supplying inputs, equipment, and support.
- The extracted material is processed at Molinos El Dorado.
- It generates between 3,000 and 5,000 local jobs.
Mina Almaz
(Strategic Alliance)
Company specialized in the development of primary and related activities that include prospecting, exploration, exploitation, processing, beneficiation, transformation, storage and trading of precious metals.
Operations:- The first phase concerns the development and exploitation of mines.
- The second phase refers to the processing of gold-bearing material from the deposits.
- The third phase involves the construction of a processing plant.
Primary Processing
- Gold Processing: Both Molinos El Dorado and Molinos Almaz are dedicated to the processing of sands and materials containing gold, initially recovering 30% of the gold and subsequently processing the remaining 70%.
- Capacity and Operations: Molinos El Dorado has a maximum capacity of 1,000 tons per day (currently operating at 40%), while Molinos Almaz is prepared to process the entire production of Mina Belén.
- Relationship with EMINERALS: Molinos El Dorado is 100% owned by EMINERALS, while at Molinos Almaz, a strategic alliance, profits are divided equally, with EMINERALS overseeing operations.
Primary Processing Companies:
Mills
Molinos El Dorado Y&A, C.A.
(Own Investment)
Dedicated to the processing of gold sands, initially recovering 30% of the gold contained, while the resulting tailings, with approximately 70% remaining, are subsequently processed.
Operations:- Maximum processing capacity of 1,000 tons per day at 100% production.
- Currently operating at 40% capacity.
- 100% owned by EMINERALS.
- Plans to increase production by seeking more raw material suppliers.
Molinos Almaz
(Strategic Alliance)
A legally established company, with its own alliances with the CVM, specializing in the processing of sand and gold-bearing materials, and with the capacity to process the entire Belén Mine production.
Operations:- Initially recovers 30% of the gold contained.
- Profits are shared 50/50 between EMINERALS and Molinos Almaz.
- EMINERALS covers operating costs and oversees the operation through its staff.
Primary Processing Companies:
Plants
- High Efficiency and Capacity: The plant has a recovery efficiency of 90% to 95% through cyanide leaching, and a processing capacity of up to 18,000 tons per day.
- Tailings Processing: EMINERALS is responsible for processing the tailings from the mills, which still contain a high gold content.
- Relationship with EMINERALS: EMINERALS covers operating and raw material costs, and profits are distributed between EMINERALS and the Plants.
Primary Processing Companies:
Processing Plants
- Refimina Plant (Own Investment)
- Almaz Plant (Strategic Alliance)
- Camorra Plant (Strategic Alliance)
Trading
- Precious Metals Trading Specialization: Dedicated to the purchase and sale of precious metals, with 5 physical stores where miners and producers sell gold bars.
- Quality Assurance Processes: Purchased gold is tested using spectrometry and particle analysis to ensure its quality.
Trading Company
Galata Mining Corporation C.A.
(Own Investment)
Dedicated to the purchase and sale of precious metals, it has five physical stores where miners and producers sell their gold bars.
Operations:- The acquired gold is tested using spectrometry and particle analysis to ensure its quality.
- Meet all CVM requirements by paying taxes and obtaining export permits.
- Maintains a strong relationship with the end customer, offering competitive prices and advance payments.
- Plans to increase production by seeking more raw material suppliers.
financial and
INVESTMENT ASPECTS
All investment and financing come from EMINERALS' own funds (foreign capital), derived from its precious metals trading activity developed for more than 10 years.
Expansion plans through reinvestment of profits obtained from current operations.
Increased profitability through business expansion and operational optimization, strengthening and gaining national recognition for the company.
REGULATORY COMPLIANCE
Relationship with the CVM
- EMINERALS complies with all the requirements and regulations established by the Venezuelan Mining Corporation.
- Maintains good relationships and support from government entities, facilitating their operations.
Permits and Alliances
All companies and operations have the necessary alliances and permits granted by the CVM.
Transparency and Legality
Gold purchase and export processes are carried out in compliance with all legal procedures, including payment of taxes and submission of required documentation.
Challenges
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Increase the investment needed to expand production capacity.
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Need to ensure a constant supply of raw materials for mills and processing plants.
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Formalization of agreements with artisanal miners and mining fronts to ensure sustainable and safe operations.
OPPORTUNITIES
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Venezuela offers significant opportunities due to its abundant natural resources and favorable extraction and production policies developed by the CIIP.
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EMINERALS' experience in precious metals trading provides a competitive advantage in the market.
Future Plans
Expansion of Operations
- Increase production capacity tenfold by the end of 2025.
- Search for and establish new mining fronts and associations to increase the supply of raw materials.
Attracting Investors
- Evaluate and define proposals for potential investors who wish to participate in the growth of EMINERALS.
Development of Social and Environmental Responsibility
- Implement practices and programs that benefit local communities and promote environmental sustainability.
Process Optimization
- Continue improving operational efficiency under the guidance of experts like Deon Baxter.
- Stay current on industry technologies and practices to remain competitive.
EMINERALS BEDROCK CAPITAL - FZCO has established a strong presence in the Venezuelan mining sector through strategic investments and partnerships spanning the entire gold value chain, from extraction to international trading. With a team of experienced professionals and a focus on operational efficiency, the company is positioned to take advantage of the opportunities offered by the Venezuelan market and significantly expand its operations in the coming years.
The combination of its own resources, experience in precious metals trading, and a clear vision for the future positions EMINERALS well to achieve its growth objectives and contribute to the economic and social development of the regions where it operates.