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Venezuela's Military-Backed Illegal Mining Threatens $100 Billion in Untapped Minerals

Story Thread|U.S. Eases Sanctions to Revive Venezuela Oil Production

Araverus Team|Wednesday, February 25, 2026 at 10:30 AM

Venezuela's Military-Backed Illegal Mining Threatens $100 Billion in Untapped Minerals

Araverus Team

Feb 25, 2026 · 10:30 AM

Corruption · Military · Mining · Venezuela

CorruptionMilitaryMiningVenezuela

Venezuela's Orinoco Mining Arc, a vast region estimated to hold $100 billion in untapped minerals like gold, diamonds, and coltan, is characterized by a dangerous mix of militarization and illegal mining.

President Nicolás Maduro's creation of an "Economic Military Zone" to oversee mining has led to the military's deep involvement, not just in protection but in mining operations themselves, often competing with armed gangs and local communities. This has resulted in violent conflict and concerns over environmental destruction in one of the Amazon's most biodiverse areas, including protected national parks.

Small-scale miners, often driven by the country's economic crisis, face exploitation, dangerous conditions, and criminalization. Despite claims of restoring order, evidence suggests the military's involvement is a "facade to continue the fraud" and deepen the theft of minerals, with a significant portion of gold being illegally mined and smuggled out of the country, often allegedly by the army itself.

The situation poses a severe risk to the environment and local populations.

Thread Timeline: U.S. Eases Sanctions to Revive Venezuela Oil Production

Show 5 older articles...
Feb 9, 2026Investor Alert: Air Canada Grounds Cuba Service Over Fuel Shortage, Repatriating 3,000.
Feb 10, 2026Trump's Oil Blockade Plunges Cuba into Economic Crisis, Disrupting Flights and Shutting Hotels
Feb 12, 2026Venezuela's Regime Shifts Stance, Releasing Prisoners to Court US Investment.
Feb 13, 2026US Eases Venezuela Oil Sanctions, Fueling Chevron and BP Investment
Feb 13, 2026US Tariff Threats Deepen Cuba's Fuel Crisis, Sparking Regional Aid Scramble
Feb 20, 2026US Pressure Forces Venezuela Amnesty; Limited Releases Raise Investor Concerns
Feb 21, 2026Rodríguez Opens Venezuela's Oil Sector Amid U.S. Pressure, Signaling Complex Market Shift.
Feb 23, 2026Venezuela's Investor Treaties Remain Binding, Offering Stability Amid Maduro's Prosecution
Feb 25, 2026

Venezuela's Military-Backed Illegal Mining Threatens $100 Billion in Untapped Minerals(current)

Feb 25, 2026US Treasury Authorizes Venezuelan Oil for Cuba, Potentially Reshaping Regional Fuel Markets

Read More On

Violent Militias Stand Between the U.S. and Venezuela’s Vast Mineral Richeswsj.comMilitarization and mining a dangerous mix in Venezuelan Amazon - news - Mongabaynews.mongabay.comA Curse of Gold: Mining and Violence in Venezuela’s South - International Crisis Groupcrisisgroup.org

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