The collapse of an artisanal gold mine in southeastern Venezuela near an Indigenous community killed at least 12 people, the government announced on Sunday.
Across swathes of southern Venezuela, army units, Colombian guerrillas and crime syndicates jostle for control over gold mines funnelling hard currency to President Nicolás Maduro's government. Outside powers should stop considering military intervention and instead help broker a peaceful transition in Venezuela, lest chaos ensue.
China and Venezuela have signed an agreement to jointly develop Las Cristinas gold mine, one of the world's largest deposits of the shiny yellow metal, located near a town bearing the name of ...
Last month, the U.S. agreed to lift some sanctions on Venezuela's oil and gas and gold, some of the country's largest industries, but also its most environmentally hazardous.
Crystallex International has welcomed the award released by the Additional Facility of the World Bank's International Centre for Settlement of Investment Disputes (ICSID) in relation to its claims against the Bolivarian Republic of Venezuela ("Venezuela"). The tribunal awarded the company damages of $1.202 Billion plus pre- and post-award …
The collapse of the illegally operated open-pit gold mine in a remote area of central Venezuela killed at least 16 people. (AP Photo/Ariana Cubillos) International
Gold mine known as "Ocho muertos" ("Eight Dead") in Las Claritas, Venezuela. Credit: Clavel A. Rangel/HRW. HAVANA TIMES – Residents of Venezuela's southern Bolívar state are suffering amputations and other horrific abuses at the hands of armed groups, including Venezuelan groups called "syndicates" in the area and …
The gold mining industry, which sits at the heart of the region's health and environmental risks, as well as its profusion of armed groups, also merits a concerted international response. Sanctions on gold exports, as proposed last year by the U.S., would in all likelihood increase traffickers' control over the trade.
Local authorities in El Callao in the Bolivar state of Venezuela said on June 4 that flooding caused the Talavera gold mine to collapse, claiming the lives of at least 12 miners, Reuters reported.
LA PARAGUA, Venezuela (AP) — The collapse of an illegally operated open-pit gold mine in central Venezuela killed at least 14 people and injured several more, state authorities said Wednesday, as some other officials reported an undetermined number of people could be trapped.
Dozens are feared to be dead after an illegal gold mine in the Venezuelan town of La Paragua collapsed, according to the town's mayor Yorgi Arciniega.
Several people have been killed following an illegal gold mine collapse in the town of La Paragua in the Bolivar state of Venezuela, according to the town's mayor, Yorgi Arciniega.
Gold mining is a global business with operations on every continent, except Antarctica, and gold is extracted from mines of widely varying types and scale. At a country level, China was the largest producer in the world in 2023 and accounted for around 10 per cent of total global production. Our interactive gold mining map provides a breakdown ...
Members of the Venezuelan National Guard gather at the bank of Guacara River Port on Feb. 21, 2024 following the collapse the day before of an illegal gold mine in La Paragua, Bolivar, Venezuela.
Drug trafficking, battles between state forces and armed groups, extortion and illegal gold mining have transformed southern Venezuela into a region where citizens live in a parallel state ruled by organized crime.
LA PARAGUA, Venezuela (AP) — The collapse of an illegally operated open-pit gold mine in central Venezuela killed at least 14 people and injured several more, state authorities said Wednesday ...
(New York) – Residents of Venezuela's southern Bolívar state are suffering amputations and other horrific abuses at the hands of armed groups, including Venezuelan groups called "syndicates" in the area and Colombian armed groups operating in the region, both of which exercise control over gold mines, Human Rights Watch said today. The …
Bram Ebus, an expert on environmental crimes at the International Crisis Group, said that informal gold mining has been growing in Venezuela as the administration of President Nicolás Maduro ...
The collapse of an illegally operated open-pit gold mine in central Venezuela killed at least 14 people including Bastardo, and injured several more, state authorities said Wednesday, as some other officials reported an undetermined number of people could be trapped. (AP Photo/Ariana Cubillos) Read More. 7 of 11.
Venezuela will get $5 billion in investments as part of a settlement deal with Canada's Gold Reserve (TSE:GRZ), which ends a sever-year-long dispute over a gold asset in the country's southeast.
In March, it also sanctioned the Venezuelan gold mining industry, and in April, it also imposed sanctions against the Central Bank of Venezuela, cutting off that institution's access to U.S ...
The two cases give a rare glimpse into the murky world of Venezuela's illicit gold trade. Experts estimate as much as 75 tons may be extracted from the country's mines every year, worth more than $4.8 billion at today's rates. Most of it is thought to come from illegal mines, where workers toil in often horrendous conditions.
Summary: While Venezuela's political, economic, and humanitarian crises worsen, criminal gangs, Colombian guerrilla groups, and paramilitary groups compete for control of the country's significant natural resources, most notably gold. [2] Illegal gold mining will very likely harm the environment, drive human rights violations, and pose …
Venezuela will get $5 billion in investments as part of a settlement deal with Canada's Gold Reserve (TSE:GRZ), which ends a sever-year-long dispute over a gold asset in the country's southeast.
The collapse of an illegally operated open-pit gold mine in central Venezuela killed at least 14 people including Leal and injured several more, state authorities said Wednesday, as some other officials reported an undetermined number …
A U.S. appeals court ruled on Monday that Crystallex International Corp. may seize U.S.-based stock of Citgo's parent, which is part of Venezuela's state-owned oil company, to cover a $1.4 ...
Most of the country's gold reserves are thought to lie in Orinoco Mining Arc, Bolivar state. It is a vast stretch of land, most of it jungle, that spans more than 40,000 square miles from Guyana ...
Goetz Gold bought 21.8 tons of gold from Venezuela in 2018, which represented 30 percent all international sales of gold by the central bank. The largest single shipment of 15.6 tons happened on December 3, 2018, shortly after the US announced sanctions on anyone carrying out transactions involving Venezuelan gold.
Amid worsening economic and humanitarian crises in Venezuela, the illicit mining industry is booming in its southern states of Bolivar and Amazonas—home to two national parks and more than 10 Indigenous communities whose ancestral traditions and ways of life are rooted in the land. Operated by criminal groups that employ violence and …
Venezuela's record of cooperation. Crystellex is acquainted with Las Cristinas because it once held claim to the property. Over a 65-year minelife, Crystallex calculated that it could produce an ...
In its award of April 6, 2016, the tribunal held that Venezuela had unlawfully expropriated the claimant's investment in the Las Cristinas gold mine project. The tribunal found Venezuela liable for its failure to accord claimant's investment FET. The tribunal awarded the claimant USD 1.202 billion, with each party bearing its own costs.
