IBOV 177,726.17 ▼ 0.09% IPSA 11,157.69 ▲ 1.47% IPC MEX 66,537.33 ▼ 0.47% MERVAL 3,156,332 ▼ 1.02% COLCAP 2,344.80 ▼ 1.26% BVL PERÚ 58,781.02 ▲ 0.81% USD/BRL5.12▲ 0.05% USD/MXN17.26▲ 0.20% USD/CLP913.25▼ 0.04% USD/COP3,174▼ 1.04% USD/PEN3.38▼ 0.27% USD/ARS1,496▼ 0.02% USD/UYU40.26▲ 1.26% USD/PYG5,932▲ 1.44% USD/BOB12.02▲ 0.44% USD/DOP58.08▼ 0.38% USD/CRC448.18▲ 1.25% USD/GTQ7.63▲ 2.33% USD/HNL26.78▲ 0.64% USD/NIO36.62▲ 0.75% USD/VES754.01▼ 0.03% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.59▲ 0.70% USD/TTD 6.66 — 0.00% EUR/BRL5.91▼ 0.27% BRENT 79.66 ▲ 0.26% WTI 75.22 — 0.00% IRON ORE 161.91 — — COPPER 6.83 ▲ 1.82% GOLD 4,331 ▲ 2.01% SILVER 62.08 ▼ 0.03% SOY 1,174 ▲ 1.98% CORN 460.00 ▲ 5.32% WHEAT 644.25 ▲ 0.31% COFFEE 325.30 ▼ 0.49% SUGAR 15.18 ▲ 0.20% ORANGE JUICE 156.25 ▼ 2.16% COTTON 83.08 ▲ 1.52% COCOA 5,642 ▼ 4.08% BEEF 229.43 ▼ 1.09% CATTLE 348.78 ▼ 0.69% LITHIUM 72.65 ▲ 1.34% PETR4 41.93 ▼ 1.34% VALE3 76.66 ▲ 0.46% ITUB4 42.38 ▲ 0.67% BBDC4 18.05 ▼ 0.76% ABEV3 15.84 ▼ 0.19% BBAS3 21.05 ▲ 0.29% B3SA3 15.55 ▼ 0.96% WEGE3 48.80 ▼ 0.75% PRIO3 59.20 ▲ 1.28% SUZB3 42.84 ▼ 0.42% RENT3 39.20 ▲ 0.28% AZZA3 15.96 ▼ 0.50% CSAN3 3.91 ▼ 3.46% RAIZ4 0.26 ▼ 7.14% PCAR3 2.94 ▲ 6.91% GMAT3 3.89 ▼ 1.52% PSSA3 53.48 ▼ 1.42% CVCB3 1.55 ▲ 12.32% POSI3 3.46 ▼ 1.14% SLCE3 13.51 ▼ 0.44% NATU3 8.30 ▼ 1.43% BRKM5 5.87 ▲ 0.69% RANI3 8.39 ▲ 0.60% CSNA3 4.89 ▲ 2.09% CMIN3 5.90 ▼ 0.17% USIM5 7.46 ▼ 0.80% GGBR4 26.31 ▲ 1.70% ENEV3 26.98 ▼ 0.66% CPFE3 46.09 ▼ 0.56% CMIG4 11.25 ▼ 0.27% EQTL3 39.18 ▼ 0.08% LREN3 13.67 — 0.00% VIVT3 31.21 ▼ 1.39% RAIL3 13.99 ▼ 0.92% KLABIN 18.64 ▲ 2.14% RAIA DROGASIL 20.55 ▲ 5.87% RDOR3 34.45 ▲ 0.15% HAPV3 11.11 ▼ 5.69% FLRY3 17.36 ▼ 0.74% SMTO3 14.30 ▲ 2.58% UGPA3 32.41 ▼ 0.58% VBBR3 35.09 ▼ 0.99% BBSE3 41.67 ▼ 0.95% BPAC11 56.81 ▲ 0.11% CURY3 32.03 ▲ 0.88% AERI3 2.30 ▲ 5.02% VIVARA 22.29 ▼ 1.37% COMPASS 24.22 ▼ 1.54% VAMOS 3.32 ▼ 0.30% SANB11 29.48 ▲ 1.31% ASAI3 8.83 ▲ 1.96% SBSP3 27.71 ▼ 1.07% WALMEX 48.65 ▼ 2.49% GMEXICO 222.65 ▲ 1.95% FEMSA 214.59 ▼ 1.29% CEMEX 19.90 ▼ 0.90% GFNORTE 199.03 ▲ 0.66% BIMBO 61.37 ▲ 0.77% TELEVISA 9.49 ▼ 1.35% AMX 20.74 ▼ 3.45% GAP 374.00 ▼ 1.85% ASUR 272.93 ▼ 1.22% OMA 235.58 ▼ 1.36% KOF 187.07 ▼ 0.26% GRUMA 256.62 ▼ 2.44% KIMBER 40.27 ▼ 0.10% SQM-B 63,950 ▲ 2.40% COPEC 6,288 ▲ 0.95% BSANTANDER 80.20 ▲ 1.01% FALABELLA 6,346 ▲ 1.37% ENELAM 87.05 ▼ 0.74% CENCOSUD 2,020 ▲ 1.66% CMPC 1,030 ▼ 0.95% BANCO CHILE 190.22 ▲ 0.63% LATAM AIR 26.38 ▲ 3.65% YPF 7,675 ▼ 2.10% GGAL 7,630 ▼ 1.42% PAMPA 5,310 ▼ 0.93% TXAR 681.00 ▲ 5.66% ALUAR 945.50 ▲ 1.34% TGS 9,270 ▼ 1.70% CEPU 2,259 ▼ 1.70% MIRGOR 1,640 — 0.00% COME 41.47 ▼ 1.03% LOMA NEGRA 3,490 ▲ 0.36% BYMA 288.75 ▼ 0.94% TELECOM ARG 4,345 ▲ 0.23% ECOPETROL 16.39 ▲ 0.49% BANCOLOMBIA 90.11 ▲ 0.11% GRUPO AVAL 5.30 ▲ 1.73% CREDICORP 394.88 ▲ 0.70% SOUTHERN COPPER 197.00 ▲ 0.94% BUENAVENTURA 33.00 ▲ 2.29% MERCADOLIBRE 1,923 ▲ 1.80% NUBANK 14.48 ▲ 1.05% XP 16.98 ▲ 0.06% PAGSEGURO 9.40 ▼ 1.05% STONE 11.17 ▼ 0.53% GLOBANT 38.38 ▲ 0.66% TECNOGLASS 47.75 ▲ 3.22% GAP AIRPORT 217.52 ▼ 1.44% ASUR 272.93 ▼ 1.22% OMA AIRPORT 109.61 ▼ 1.25% AMX ADR 24.02 ▼ 3.46% FEMSA ADR 124.37 ▼ 1.51% CEMEX ADR 11.55 ▼ 0.52% PETROBRAS ADR 18.36 ▼ 1.92% VALE ADR 14.94 ▲ 0.74% ITAU ADR 8.21 ▲ 0.24% SANTANDER BR 5.79 ▲ 1.94% AMBEV ADR 3.03 ▼ 0.33% CSN 0.98 ▲ 4.98% GERDAU 5.14 ▲ 0.78% LATAM ADR 57.70 ▲ 3.67% BTC 64,572 ▼ 0.04% ETH 1,903 ▼ 0.18% SOL 73.17 ▼ 1.07% XRP 1.04 ▼ 1.64% BNB 593.76 ▲ 0.09% ADA 0.19 ▼ 1.62% DOGE 0.07 ▼ 1.46% AVAX 6.41 ▼ 3.70% LINK 8.09 ▼ 0.78% DOT 0.83 ▼ 1.88% LTC 44.91 ▼ 0.81% BCH 211.88 ▼ 1.14% TRX 0.33 ▲ 0.02% XLM 0.16 ▼ 2.86% HBAR 0.07 ▼ 1.25% NEAR 1.68 ▼ 0.88% ATOM 1.33 ▼ 1.69% AAVE 87.84 ▼ 2.12% SELIC 14.00% EMBRAER 93.01 ▲ 2.76% EMBRAER ADR 72.78 ▲ 3.20% JBS 13.70 ▲ 0.66% JBS BDR 70.54 ▲ 0.67% MBRF3 16.77 ▼ 0.95% MBRFY 3.12 ▼ 4.59% INTER 5.71 ▲ 0.18% EGX 54,875 ▲ 0.39% USD/ZAR16.31▼ 0.02% USD/NGN 1,360 — 0.00% NIKKEI 65,683 ▼ 0.93% CSI300 4,651 ▼ 0.15% HSI 25,530 ▼ 1.49% NIFTY 24,633 ▲ 0.03% KOSPI 6,296 ▼ 4.58% JCI 6,344 ▼ 0.12% USD/JPY157.83▲ 0.05% USD/CNY6.74▼ 0.19% DAX 26,198 ▲ 0.27% CAC 8,728 ▲ 0.68% FTSE 10,924 ▲ 0.33% MIB 53,940 ▲ 0.92% IBEX 20,296 ▲ 1.19% STOXX 660.39 ▲ 0.49% EUR/USD1.15▼ 0.10% GBP/USD1.35▲ 0.04% SPX 7,724 ▼ 0.17% DJI 54,349 ▲ 0.49% NDX 29,488 ▼ 0.83% RUT 3,019 ▼ 0.59% TSX 36,146 ▲ 0.96% VIX 15.93 ▲ 0.76% USD/CAD 1.4011 — 0.00% US10Y 4.6170 ▼ 0.22% IBOV 177,726.17 ▼ 0.09% IPSA 11,157.69 ▲ 1.47% IPC MEX 66,537.33 ▼ 0.47% MERVAL 3,156,332 ▼ 1.02% COLCAP 2,344.80 ▼ 1.26% BVL PERÚ 58,781.02 ▲ 0.81% USD/BRL 5.12 ▲ 0.05% USD/MXN 17.26 ▲ 0.20% USD/CLP 913.25 ▼ 0.04% USD/COP 3,174 ▼ 1.04% USD/PEN 3.38 ▼ 0.27% USD/ARS 1,496 ▼ 0.02% USD/UYU 40.26 ▲ 1.26% USD/PYG 5,932 ▲ 1.24% USD/BOB 12.02 ▲ 0.44% USD/DOP 58.08 ▼ 0.38% USD/CRC 448.18 ▲ 1.60% USD/GTQ 7.63 ▲ 2.14% USD/HNL 26.78 ▲ 0.64% USD/NIO 36.62 ▲ 0.75% USD/VES 754.01 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.59 ▲ 0.70% USD/TTD 6.66 — 0.00% EUR/BRL 5.91 ▼ 0.27% BRENT 79.66 ▲ 0.26% WTI 75.22 — 0.00% IRON ORE 161.91 — — COPPER 6.83 ▲ 1.82% GOLD 4,331 ▲ 2.01% SILVER 62.08 ▼ 0.03% SOY 1,174 ▲ 1.98% CORN 460.00 ▲ 5.32% WHEAT 644.25 ▲ 0.31% COFFEE 325.30 ▼ 0.49% SUGAR 15.18 ▲ 0.20% ORANGE JUICE 156.25 ▼ 2.16% COTTON 83.08 ▲ 1.52% COCOA 5,642 ▼ 4.08% BEEF 229.43 ▼ 1.09% CATTLE 348.78 ▼ 0.69% LITHIUM 72.65 ▲ 1.34% PETR4 41.93 ▼ 1.34% VALE3 76.66 ▲ 0.46% ITUB4 42.38 ▲ 0.67% BBDC4 18.05 ▼ 0.76% ABEV3 15.84 ▼ 0.19% BBAS3 21.05 ▲ 0.29% B3SA3 15.55 ▼ 0.96% WEGE3 48.80 ▼ 0.75% PRIO3 59.20 ▲ 1.28% SUZB3 42.84 ▼ 0.42% RENT3 39.20 ▲ 0.28% AZZA3 15.96 ▼ 0.50% CSAN3 3.91 ▼ 3.46% RAIZ4 0.26 ▼ 7.14% PCAR3 2.94 ▲ 6.91% GMAT3 3.89 ▼ 1.52% PSSA3 53.48 ▼ 1.42% CVCB3 1.55 ▲ 12.32% POSI3 3.46 ▼ 1.14% SLCE3 13.51 ▼ 0.44% NATU3 8.30 ▼ 1.43% BRKM5 5.87 ▲ 0.69% RANI3 8.39 ▲ 0.60% CSNA3 4.89 ▲ 2.09% CMIN3 5.90 ▼ 0.17% USIM5 7.46 ▼ 0.80% GGBR4 26.31 ▲ 1.70% ENEV3 26.98 ▼ 0.66% CPFE3 46.09 ▼ 0.56% CMIG4 11.25 ▼ 0.27% EQTL3 39.18 ▼ 0.08% LREN3 13.67 — 0.00% VIVT3 31.21 ▼ 1.39% RAIL3 13.99 ▼ 0.92% KLABIN 18.64 ▲ 2.14% RAIA DROGASIL 20.55 ▲ 5.87% RDOR3 34.45 ▲ 0.15% HAPV3 11.11 ▼ 5.69% FLRY3 17.36 ▼ 0.74% SMTO3 14.30 ▲ 2.58% UGPA3 32.41 ▼ 0.58% VBBR3 35.09 ▼ 0.99% BBSE3 41.67 ▼ 0.95% BPAC11 56.81 ▲ 0.11% CURY3 32.03 ▲ 0.88% AERI3 2.30 ▲ 5.02% VIVARA 22.29 ▼ 1.37% COMPASS 24.22 ▼ 1.54% VAMOS 3.32 ▼ 0.30% SANB11 29.48 ▲ 1.31% ASAI3 8.83 ▲ 1.96% SBSP3 27.71 ▼ 1.07% WALMEX 48.65 ▼ 2.49% GMEXICO 222.65 ▲ 1.95% FEMSA 214.59 ▼ 1.29% CEMEX 19.90 ▼ 0.90% GFNORTE 199.03 ▲ 0.66% BIMBO 61.37 ▲ 0.77% TELEVISA 9.49 ▼ 1.35% AMX 20.74 ▼ 3.45% GAP 374.00 ▼ 1.85% ASUR 272.93 ▼ 1.22% OMA 235.58 ▼ 1.36% KOF 187.07 ▼ 0.26% GRUMA 256.62 ▼ 2.44% KIMBER 40.27 ▼ 0.10% SQM-B 63,950 ▲ 2.40% COPEC 6,288 ▲ 0.95% BSANTANDER 80.20 ▲ 1.01% FALABELLA 6,346 ▲ 1.37% ENELAM 87.05 ▼ 0.74% CENCOSUD 2,020 ▲ 1.66% CMPC 1,030 ▼ 0.95% BANCO CHILE 190.22 ▲ 0.63% LATAM AIR 26.38 ▲ 3.65% YPF 7,675 ▼ 2.10% GGAL 7,630 ▼ 1.42% PAMPA 5,310 ▼ 0.93% TXAR 681.00 ▲ 5.66% ALUAR 945.50 ▲ 1.34% TGS 9,270 ▼ 1.70% CEPU 2,259 ▼ 1.70% MIRGOR 1,640 — 0.00% COME 41.47 ▼ 1.03% LOMA NEGRA 3,490 ▲ 0.36% BYMA 288.75 ▼ 0.94% TELECOM ARG 4,345 ▲ 0.23% ECOPETROL 16.39 ▲ 0.49% BANCOLOMBIA 90.11 ▲ 0.11% GRUPO AVAL 5.30 ▲ 1.73% CREDICORP 394.88 ▲ 0.70% SOUTHERN COPPER 197.00 ▲ 0.94% BUENAVENTURA 33.00 ▲ 2.29% MERCADOLIBRE 1,923 ▲ 1.80% NUBANK 14.48 ▲ 1.05% XP 16.98 ▲ 0.06% PAGSEGURO 9.40 ▼ 1.05% STONE 11.17 ▼ 0.53% GLOBANT 38.38 ▲ 0.66% TECNOGLASS 47.75 ▲ 3.22% GAP AIRPORT 217.52 ▼ 1.44% ASUR 272.93 ▼ 1.22% OMA AIRPORT 109.61 ▼ 1.25% AMX ADR 24.02 ▼ 3.46% FEMSA ADR 124.37 ▼ 1.51% CEMEX ADR 11.55 ▼ 0.52% PETROBRAS ADR 18.36 ▼ 1.92% VALE ADR 14.94 ▲ 0.74% ITAU ADR 8.21 ▲ 0.24% SANTANDER BR 5.79 ▲ 1.94% AMBEV ADR 3.03 ▼ 0.33% CSN 0.98 ▲ 4.98% GERDAU 5.14 ▲ 0.78% LATAM ADR 57.70 ▲ 3.67% BTC 64,572 ▼ 0.04% ETH 1,903 ▼ 0.18% SOL 73.17 ▼ 1.07% XRP 1.04 ▼ 1.64% BNB 593.76 ▲ 0.09% ADA 0.19 ▼ 1.62% DOGE 0.07 ▼ 1.46% AVAX 6.41 ▼ 3.70% LINK 8.09 ▼ 0.78% DOT 0.83 ▼ 1.88% LTC 44.91 ▼ 0.81% BCH 211.88 ▼ 1.14% TRX 0.33 ▲ 0.02% XLM 0.16 ▼ 2.86% HBAR 0.07 ▼ 1.25% NEAR 1.68 ▼ 0.88% ATOM 1.33 ▼ 1.69% AAVE 87.84 ▼ 2.12% SELIC 14.00% EMBRAER 93.01 ▲ 2.76% EMBRAER ADR 72.78 ▲ 3.20% JBS 13.70 ▲ 0.66% JBS BDR 70.54 ▲ 0.67% MBRF3 16.77 ▼ 0.95% MBRFY 3.12 ▼ 4.59% INTER 5.71 ▲ 0.18% EGX 54,875 ▲ 0.39% USD/ZAR 16.33 ▲ 0.04% USD/NGN 1,360 — 0.00% NIKKEI 65,683 ▼ 0.93% CSI300 4,651 ▼ 0.15% HSI 25,530 ▼ 1.49% NIFTY 24,633 ▲ 0.03% KOSPI 6,296 ▼ 4.58% JCI 6,344 ▼ 0.12% USD/JPY 157.86 ▲ 0.12% USD/CNY 6.7483 ▲ 0.12% DAX 26,198 ▲ 0.27% CAC 8,728 ▲ 0.68% FTSE 10,924 ▲ 0.33% MIB 53,940 ▲ 0.92% IBEX 20,296 ▲ 1.19% STOXX 660.39 ▲ 0.49% EUR/USD 1.1542 ▼ 0.11% GBP/USD 1.3454 ▼ 0.10% SPX 7,724 ▼ 0.17% DJI 54,349 ▲ 0.49% NDX 29,488 ▼ 0.83% RUT 3,019 ▼ 0.59% TSX 36,146 ▲ 0.96% VIX 15.93 ▲ 0.76% USD/CAD 1.4011 — 0.00% US10Y 4.6170 ▼ 0.22%
since 2009
Thursday, August 6, 2026

Venezuela Politics - Brazil

Illegal gold mining on the rise in the Venezuelan Amazon 

By · March 17, 2023 · 3 min read

Daily Brief

The morning intel from across Latin America. Free.

By subscribing you agree to our privacy policy. We never share your email.

According to satellite imagery, over 750 hectares of Yacapana National Park in the Venezuelan Amazon were deforested between 2021 and 2022 – all for illegal gold mining.

This is according to data from the Monitoring of the Andean Amazon Project (MAAP) of the US-based non-governmental organization (NGO) Amazon Conservation, presented on January 9.

“The regime can hardly claim that it does not realize that so many hectares have been destroyed and this is not happening,” said Emiliano Terán, a researcher at the Center for Development Studies at the Central University of Venezuela.

MAAP’s estimates revealed a cumulative deforestation of 1,537 hectares within the Yacapana mountain sector, nearly half in the last two years (Photo internet reproduction)
One-stop reference
Company Intelligence
Every listed company in Latin America — financials, ownership and structure for 1,450+ companies across 26 exchanges, in one place.
Browse the directory →
RT
Ask Rio Times
This story and the bigger picture.
Open the full Ask Rio Times →

“This worrying pattern goes hand in hand with strengthening the illegal economy.”

Due to the increased presence of armed groups trading weapons, ammunition, food, fuel, and drugs in the area, as well as human trafficking, all kinds of illegal activities are taking place in the national park, the Venezuelan nongovernmental organization Control Ciudadano said in a Jan. 11 report.

“Meanwhile, the regime and its armed forces remain silent,” the report said.

Nicolás Maduro’s regime has profited from illegal mining, receiving kickbacks and other illicit profits that provide Maduro with a livelihood.

Internationally, Maduro’s gold mining operations have allowed the regime to form alliances with other corrupt governments to evade international sanctions jointly, Washington-based think tank Freedom House said in a late 2020 report.

MAAP’s estimates showed a cumulative deforestation of 1,537 hectares within the Yacapana mountain sector, of which nearly half (49%) occurred in the last two years.

“Of the total cumulative deforestation, 17 hectares occurred on the summit of the ‘sacred Tepuy’ [Table Mountain].”

The National Liberation Army (ELN), dissident members of the Revolutionary Armed Forces of Colombia (FARC), and the Bolivarian National Guard (GNB) have been mining gold in the national park, according to a Colombian Army report accessed by the environmental news site Mongabay.

According to the report, members of the GNB go there weekly to collect bribes in the form of gold and money.

With these transactions, the exploitation of the metal continues smoothly, Mongabay reports.

According to the Venezuelan organization SOS Orinoco, the size of the illegal mining operations is comparable to 1,884 soccer fields.

By analyzing high-resolution satellite imagery, SOS Orinoco and Amazon Conservation were able to identify 8,000 mining camps or machines in the lowlands of the national park and 425 more camps or machines in the upper part of the mountains.

IMPACT

According to the Observatory of Political Ecology of Venezuela, the environmental, social, and cultural impacts of gold mining in Venezuela are complex and wide-ranging.

Illegal mining in Venezuela is an example of “predatory extractivist,” according to the organization.

Some consequences of increasing illegal gold mining include the displacement of indigenous peoples, murders and disappearances, cases of modern-day slavery, destruction of ecosystems, contamination of rivers with mercury, and dynamics of dispossession and territorial fragmentation, the Observatory said.

“It also affects the traditional ways of life of indigenous peoples. An example is the creation of organized indigenous guardians who protect their territories with their own resources,” Terán said.

“Because of their structure, the guardians get involved in violent situations because the criminal groups don’t like it.”

The main factors that provide fertile ground for the worsening of illegal gold mining are the price of gold, the exodus of criminal groups, corruption, the collapse of oil revenues, and their impact on indigenous communities.

“In Venezuela, corruption has increased not only qualitatively but also quantitatively. A completely unchecked corruption that creates new fiefdoms of [gold] extraction,” Terán said.

“Yacapana is essentially what is happening throughout the Venezuelan Amazon.”

DIALOGUE

“To arrive at radical solutions, we must not look for ecological ideals but for survival itself,” Terán continued.

“We must lift this regime, in which there is no democratic framework, and try to move to a government in which there is a dialogue with society and certain guidelines for the continuation of life in the country and on the planet can be respected.”

“In the Venezuelan Amazon, it is necessary that international institutions understand the importance of precautionary measures and the protection of indigenous communities since they are very much at risk and that citizens are informed and educated about illegal gold mining and the problems of climate change,” Terán concluded.

Read More from The Rio Times

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.