VENEZUELA PLANS METALS INVESTMENT FOR 1987-89 The Venezuela Guayana Corporation, CVG, which oversees the state steel, iron, aluminum and other industries, will invest 75 billion bolivars in new projects during 1987-89, CVG president Leopoldo Sucre Figarella announced. The investments will go to plant expansion, infrastructure and the extension of hydroelectric facilities in the mineral-rich Guayana region, south of the Orinoco river. Sucre Figarella told a news conference the CVG's 12 companies showed an overall increase of 120 pct in profits, which rose from 1.732 billion bolivars in 1985 to 3.926 billion bolivars last year. Among the best performers was steel company Sidor which earned 1.019 billion bolivars, the first time since 1978 Sidor turned a profit. The gain was made possible in part by the refinancing of 1.619 mln dollars of foreign debt. CVG's three aluminum companies also showed substantial gains. Interalumina, which makes the intermediate material alumina, had an increase in profits from 116 to 217 mln bolivars, Alcasa earned 487 mln bolivars, as compared to 1985's 412 mln and Venalum's profits rose by around half, from 1.042 to 1.504 bln bolivars. Meanwhile, the state iron company Ferrominera saw its profits rise from 156 mln bolivars in 1985 to 204 mln bolivars last year.