Financial Times FT.com

Venezuela hopes for Midas touch

By Benedict Mander in Caracas

Published: March 5 2009 20:29 | Last updated: March 5 2009 20:29

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.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this