Some gold, diamond and bauxite mines in the Venezuelan Amazon are largely controlled by criminal gangs who exploit, beat, and even kill workers, a United Nations investigation has found. Venezuelan security and military forces fail to prevent crimes and have participated in some violence against miners, the UN human rights office said in a report on Wednesday.
The British High Court ruled on Thursday that the UK government “unequivocally recognized” Venezuelan opposition leader Juan Guaido as president of the country.
Two Venezuelans have been charged in US federal court with allegedly smuggling US$5 million worth of gold bars into the United States in a private airplane. Jean Carlos Sanchez Rojas and Victor Fossi Grieco, who piloted the airplane, were arrested on Sep 20 at Florida's Fort Lauderdale Executive Airport after US Customs and Border Patrol (CBP) agents discovered the undeclared cargo in the airplane's nose.
Armed robbers have stolen commemorative gold coins worth more than US$ 2m from Mexico's mint. Two men threatened guards at a branch of the Casa de Moneda in Mexico City before grabbing more than 1,500 coins from a vault, police said.
Canadian mining firm has apologized after reaching an agreement with demonstrators shot and wounded while protesting the company's Guatemalan gold and silver mine, according to statements on Tuesday from both sides.
Citigroup Inc plans to sell several tons of gold placed as collateral by Venezuela’s central bank on a US$ 1.6 billion loan after the deadline for repurchasing them expired this month, sources said Reuters, a setback for President Nicolas Maduro’s efforts to hold onto the country’s fast-shrinking reserves.
United States Treasury Department announced new sanctions on Venezuelan state-run ferrous metals mining Company, Minerven, and its President, Adrián Antonio Perdomo on Tuesday for promoting “illicit” gold operations that have continued to prop up the regime of President Nicolas Maduro.
A strike at Canadian Goldcorp Inc’s Cerro Negro mine in Argentina has forced a halt to operations, the company said on Tuesday, calling the union’s action at its biggest mine illegal. Mining activities stopped when the strike by the Asociacion Obrera Minera Argentina (AOMA) union began on March 8, and processing is also now halted as surface stockpiles have run out, Vancouver-headquartered Goldcorp said in a statement.
Venezuelan Vice President Delcy Rodriguez announced at a press conference with Russian Foreign Minister Sergey Lavrov that the central office of state oil company PDVSA in Europe, located in Lisbon, will move to Moscow to guarantee the security of the country's assets abroad, which were delivered to the Venezuelan Parliament in other countries.
The White House warned traders on Wednesday not to deal in Venezuelan gold or oil following its imposition of stiff sanctions aimed at forcing socialist President Nicolas Maduro from power.