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Venezuelan Government Takes Control of Crypto Mining Industry

The Venezuelan government will additionally supervise all imports and manufacturing of crypto mining hardware in the country, establishing a total control on the industry. Moreover, the equipment manufacturers and data centers have to …

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Venezuela's gold linked with corruption and violence | CNN

Venezuela boasts the largest oil reserves in the world, but gold is increasingly its lifeblood. In the area around the mines, gold has replaced the near-worthless bolivar, with …

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How They Did It: Uncovering a Vast Network of Illegal …

They identified over 3,000 mining locations — most of them illegal — and deforested areas equivalent to 40,000 soccer fields, many of them close to clandestine runways, in the south of Venezuela.

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Collapse of illegal gold mine in Venezuela lays bare feelings of

Families and friends have started burying loved ones who were among at least 16 people killed in the collapse of an illegally operated gold mine in a remote area of central Venezuela. The accident was one of the worst in years in a poorly regulated mining industry that has soared as the OPEC nation's oil production dwindled. (Feb.

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India's Jindal Steel & Power takes over Venezuela iron-ore complex

India-based Jindal Steel & Power has taken over the operations of Venezuela's biggest iron-ore complex, Bloomberg reported. The development comes just months after Jindal struck a deal with the Venezuelan Government led by Nicolás Maduro, signalling a potential shift in the country's approach to foreign investment in its mining sector.

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Environmental NGO asks Venezuelan government to ratify …

NGO Clima21 asked the Venezuelan government to ratify the Minamata Convention, which aims to restrict and limit the trade and use of mercury in small-scale gold mining. Gold Futures $ 2953.2 / ozt ...

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Mining Sector

PART IV: OPPORTUNITIES FOR INDIAN COMPANIES IN MINING INDUSTRY 24 Areas of interest for India 25 FINAL CONSIDERATIONS 26 ANNEXES MAPS: 27 Venezuelan mining regions 28 ... Venezuelan market is constituted by 30 million inhabitants, is the fifthlargest GDP in Latin Ame-rica, owns the largest proven reserves of crude ...

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Venezuela emerges as new source of 'conflict' minerals

Key findings: A black market for coltan — a strategically important mineral used in an array of electronic devices — has emerged in the Amazon jungles that cover the border area between Colombia, Venezuela and Brazil. In Venezuela and most of Colombia coltan mining is illegal, yet small-scale miners and buyers are plentiful. Venezuelan coltan […]

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U.S. sanctions Venezuelan gold company for supporting Maduro

The U.S. Treasury on Tuesday imposed sanctions on Venezuela's Minerven state gold mining company which it says illicitly props up the regime of President Nicolas Maduro.

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How Miami gold trade helps Maduro regime in Venezuela

Venezuelan President Nicolás Maduro shows his appreciation for a gold bar, product of a mining industry that has kept his country afloat — barely — as oil production has faltered.

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Hidden Survival: Bitcoin Mining Thrives Underground in …

Venezuela's Bitcoin mining industry faces stringent government regulations, including a recent order to disconnect miners from the national power grid. Despite these challenges, the industry survives thanks to small-scale, clandestine operations. ... Despite these obstacles, the Venezuelan market still sees the sale of Bitcoin ASIC miners. On ...

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Proposals for artisanal and small-scale mining (ASM) in Venezuelan

Aimed to do a bit to the improvement that the artisanal and small-scale mining (ASM) sub-sector will ever have to have, it has been decided to start from the proposals made by Quaglia & Bar-betta ...

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The Future of Strategic Minerals in Venezuelan Mining Engineering

Explore the importance of minerals like gold, iron, and coltan in Venezuela's mining engineering and their potential to drive the country's development.

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Mining Engineering and Venezuelan Economy: Relationship and …

Mining engineering plays a fundamental role in Venezuela's economy. Through the exploitation of natural resources, mining significantly contributes to the Gross Domestic Product (GDP) and …

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Seizure and settlement in Venezuela: the story of …

In March, Canadian junior Rusoro Mining accepted nearly $1.3bn from the Venezuelan government as settlement for the seizure of the company's gold projects in 2011. The saga is a stark example of the risk firms may face …

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India's Jindal Steel & Power Takes Over Venezuelan Mining

India Makes Inroads into Venezuelan Mining Industry. In a significant development, India's Jindal Steel & Power Ltd. (JSPL) has taken over operations at Venezuela's largest iron ore complex, CVG Ferrominera Orinoco. This marks a historic moment, representing the first instance of a private company managing a major heavy industry asset in ...

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The mining industry in Venezuela

How does the mining industry work in Venezuela? We show you its operation and the different types of mines available in this country.

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The Venezuelan Gold Rush

While gold mining has historically been an underdeveloped sector in Venezuela, the collapse of the Venezuelan oil industry as well as steeply rising gold prices (accelerated by the current financial downturn) have nurtured a Venezuelan gold rush. The illegal mining policy is destroying unique, fragile ecosystems and causing severe human rights ...

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Mining

The top three industries in 2002 were petroleum, which contributed 27.5% of GDP, iron ore mining, and construction materials, followed by steel and aluminum manufacturing. ... ranking Venezuela tenth in the world. The steel sector continued to be effected by a decline in the Venezuelan construction industry, low international prices because of ...

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nationalizes Venezuelan gold industry

Venezuelan President Hugo Chavez (pictured) said on Wednesday he will nationalize the gold industry, from mining through to processing, and move bullion reserves held in Europe to Venezuela's ...

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Why global environmentalists are silent on Venezuela's mining crisis

The Orinoco Mining Belt has large reserves of coltan (a mineral coveted by the electronics industry), bauxite, diamonds and gold. Roberto Mirabal, who leads the mining ministry, puts their value ...

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At least 12 dead in Venezuela gold mine collapse

At least twelve people died in the collapse of an open-pit gold mine, Venezuelan government officials said. The mine in San José de Wadamapa in the Gran Sabana region collapsed on December 6 ...

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OIL, GAS AND MINING LEGAL CONTEXT: VENEZUELAN

arbitration in the oil industry. Finally, Carlos García Soto in his essay entitled Public and private initiative in the mining activity in Venezuela: an introduction, describes the ways through which the Venezuelan State and domestic and foreign investors are able to participate in the mining business, under the current Venezuelan legal regime.

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Mining Engineering and Venezuelan Economy: Relationship and …

Despite the economic difficulties Venezuela has faced in recent decades, the mining industry remains crucial to the economy. Some of the main ways mining impacts GDP include: Export of minerals : Minerals such as gold, iron, coltan, and bauxite are some of the most exported products, generating important foreign currency for the country.

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NEWS Source Evening Bulletin for 17th January 2025

And the fishing industry grew by 1 percent. Further the finance minister noted that the mining and quarrying sectors expanded by 55point 9 percent While the oil and gas sector grew by 57. 7percent. The box size sector saw growth by 48. 4% while the other mining sub sectors comprising of sand, stone, diamonds and manganese grew by 50. 5percent.

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What Comes Next for Venezuela's Oil Industry?

It has contributed to a humanitarian and refugee crisis in Venezuela, exacerbated environmental issues due to deteriorating infrastructure, and led Venezuela to turn to a mining industry that has ...

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Venezuela's gold: 10 ways to address illicit financial

In 2011, then-President Hugo Chávez nationalized the mining industry, aiming to centralize state control of the sector. ... Groups engaged in illegal mining include Venezuelan criminal syndicates ...

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Venezuelan investors eye Nigerian mining sector, says Martinez

The Nation Newspaper Venezuelan investors eye Nigerian mining sector, says Martinez. Saturday, February 22, 2025 Advertise With Us. ... are eager to tap into Nigeria's mining market. ...

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Venezuela: Will Alternate Oil Sources Renew International …

AMI sat down with Alfonso Antonio De Caro, a Venezuelan mining expert, former head of planning and control for the Venezuelan Mining Corporation. Services. GROWTH SOLUTIONS. ... Miami, August 5—Americas Market Intelligence (AMI), the leading marketing intelligence company for Latin America, has just published a new report, entitled Latin ...

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What has happened with the Orinoco Mining Arch …

The route of the mining extractive industry in Venezuela (2014-2017) Skip to content. Putting an end to Venezuelasplaining. Venezuelan Voices. Menu. About us; ... authorizing the creation of a state company composed of …

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