Chávez hopes for Midas touch
source: http://www.ft.com/cms/s/0/dca9a082-09c2-11de-add8-0000779fd2ac.html
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As the helicopter skims low over one of the largest undeveloped gold deposits in the world, just south of the ragtag mining town of El Dorado, the pilot shrugs bleakly.
“It’s a great shame,” he says, gesturing at the scar blighting the pristine forest in south-eastern Venezuela, cleared by thousands of small-scale, illegal miners in their hunt for gold.
Chávez steps up nationalisation drive - Mar-06
But after a decades-long free-for-all in which prospectors have wreaked environmental havoc while private companies have failed to extract an ounce of gold from Las Cristinas, Hugo Chávez, the president, has said it may be exploited in a joint venture between the state and Rusoro Mining, a Russian miner.
“It’s a great shame,” he says, gesturing at the scar blighting the pristine forest in south-eastern Venezuela, cleared by thousands of small-scale, illegal miners in their hunt for gold.
Chávez steps up nationalisation drive - Mar-06
But after a decades-long free-for-all in which prospectors have wreaked environmental havoc while private companies have failed to extract an ounce of gold from Las Cristinas, Hugo Chávez, the president, has said it may be exploited in a joint venture between the state and Rusoro Mining, a Russian miner.
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