Venezuela: coal company to invest profits in potable water, health, education projects

Venezuelan state coal company Carbozulia has earmarked half of its 2008 profits, an estimated 64mn bolívares (US$29.8mn) according to company president Ovis Prieto, to improve health, education and potable water in the nearby cities of Mara and Páez. In 2009, Carbozulia plans to invest roughly 52mn bolívares in the same areas.

Source: BNamericas [subscription site], 19 Jun 2008