The Americas | All that glitters

Illegal gold is booming in South America

Blame geopolitical tensions and the Indian marriage market

A man looks for gold at a gold mine in southeastern Venezuela
Coming to a central bank near you?Image: Getty Images
|Gran Sabana and New York

Deep in Venezuela’s southern savannah, Las Rajas is a textbook example of an illegal gold mine. When your correspondent visited it last year, miners stood around a muddy crater in flip-flops and shorts. Workers blasted its walls with high-pressure hoses to dislodge specks of minerals, and used mercury to separate metal from ore. In 2016 Nicolás Maduro, the country’s autocrat, decreed that swathes of forest should be turned into the Orinoco Mining Arc, a territory larger than Portugal. Since then, illegal “wildcat” mining has surged. Dirty gold makes up between 70-90% of nationwide output, according to the local branch of Transparency International, an anti-corruption monitor.

This article appeared in the The Americas section of the print edition under the headline “All that glitters”

From the November 11th 2023 edition

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