Page 4 - Mining Arc News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Virgilio Trujillo Arana, a 38-year-old indigenous Uwottuja man, was shot in the head three times in the city of Puerto Ayacucho

Above. >> reporter: this mine has been so productive for them because they have got 250 kilos of gold out of this mine, just to give you a sense, really on why it's called the millionaire mine. if 250 kilos or just over 550 pounds is accurate, that's well over $10 million at global market prices all from one single dug hole. there are dozens around us, thousands within venezuela's mining arc, but not all that shimmers is gold and these miners know it. these rocks need to be crushed, processed, scraped and melted before you actually see the gold. this nugget here $315, but it comes to the cost ...

To allegedly buy the military's loyalty to his government, cnn international correspondentisa so ar soares is tracking the gold all of the way to venezuela's government in caracas and a warning to some of the viewers, some of the images you see are graphic. ♪ ♪ >> reporter: on the fringes of the amazon rain forest, a state-sponsored network of violent gangs and corrupt venezuelan military hide amongst a vast land rich in minerals and seeping gold. all this has made this area maduro's el dorado and it's this that's giving him a financial life flight. >> we've come deep into venezuela's mini...

Humidity. everywhere you look, speckles shimmer from above. this mine has been so productive for them because they have got 250 kilos of gold out of this mine just to give you a sense, really, on why it's called the millionaire mine. if 250 kilos or just over 550 pounds is accurate, that's $10 million at global market. prices all from one hole. there are thousands within venezue venezuela's mining arc. but not all that shimmers is gold and these miners know it. these rocks need to be crushed, processed, scraped, and melted. before you actually see the gold.

Accurate, that is well over $10 million at global market prices. all from one single dug hole. there are dozens around us. thousands within venezuela's mining arc. but not all that shimmers is gold and these miners know it. these rocks need to be crushed, processed, scraped, and melted. before you actually see the gold. this nugget here, $315. but it comes at a cost to the health of the miners as well as the environment. with mercury and other chemicals used to separate gold from grit, poisoning everything you see around us. but this is business. and these mills don't do it for free. and then ...