Maduro seeks sell off of Venezuela’s natural resources to escape debt – analysis

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President Nicolás Maduro, an enigmatic smile blossoming beneath his tradmark mustache, proudly displays a gold ingot to the Venezuelan press. The metal is reportedly part of a batch dug and processed inside the Arco Minero, a vast area covering 112,000 square kilometers (43,243 square miles), south of the Orinoco River and in the Venezuelan Amazon.

Meanwhile, in the middle of the Arco Minero, a minerals expert who asks not to be named out of concern for his safety, flashes an even bigger smile as he casts doubt on the authenticity of that ingot and of the first batch of Arco Minero gold.

Read my article for Mongabay.

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