Venezuela is globally known for holding the world’s largest proven oil reserves, accounting for about 17% of global crude reserves. But oil is not the only part of the country’s vast natural endowment. Rich deposits of gold, nickel, bauxite, and coltan give Venezuela enormous mineral potential, one that has increasingly drawn the attention of the United States and other global powers. Official estimates suggest Venezuela holds more than 8,000 tonnes of gold resources, placing it among the most resource-rich nations in the world. Yet decades of mismanagement, corruption, and weak institutions have left much of this ... (full story)