Audio Briefs Is Venezuela a Critical Minerals Target?
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Jan 6, 2026 Venezuela's untapped mineral potential is a point of historical optimism but remains largely undeveloped. Recent U.S. actions raise critical questions about its strategic role in the mineral landscape. While Venezuela has substantial gold reserves, high political risk and poor infrastructure deter investors. The contrast between its geological potential and actual production levels showcases governance challenges. Insights into the militarized Arco Minero and the need for reforms highlight the barriers to attracting Western investment in this rich mineral landscape.
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Big Gold Endowment, Small Production
- Venezuela has substantial geological gold resources estimated at ~2,343 tons in the ground.
- Yet state dominance and inactive mines keep the country a marginal global producer.
High-Quality Bauxite, Low Output
- Los Pijiguaos holds up to 6 billion tons of probable bauxite resources with high-quality gibbsite ore.
- Operational collapse and power outages prevented industrial-scale production despite large capacity.
Resources Alone Don't Make Power
- Geological endowment alone does not create mining power without governance and investment.
- Venezuela's story is a cautionary example of promise fading due to institutional failure.