Gold Exploration And Mining In Venezuela A Private Enterprise Approach

Venezuela, once a world's top gold producer until 1886 Witwatersrand discovery, did let fall its role then because of a serious lack of infrastructure and population, and lately (since World war II times), because of discouraging mining and taxation laws, laying upon an oil prizes bonanza. Recent research leading to estimates of about 5.000 mt. of gold, mainly related to the greenstone belts of the Guiana Precambrian shield outcropping in Venezuela, are opening the scope for both Government and international investing and mining companies, for gold exploration and development projects in the country. This paper overviews Venezuelan Gold mining industry, as seen from the point of view of a participating mining company.