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As a new strategic area of Yankuang Group's overseas development, Yankuang Group participated in the construction of railway project in Venezuela in 2004. In 2014, Yankuang Group Latin America Company was established for the development promotion of markets in Peru, Ecuador and other countries. The company took the EPC contract of Venezuela midwest railway project and participated the joint venture with Shandong Gold Group Co., Ltd. for production recovery project of the Sousa Mendes gold mine in Venezuela.  And the company started the development of gold mining project in Venezuela in 2015.