miners

Venezuelan Armed Forces Launch Operation to Dislodge Illegal Miners from Gold-Rich Southeast

An artisanal miner in Bolívar state with an “Uncle Sam” t-shirt. (AFP)

Caracas, June 12, 2026 (venezuelanalysis.com) – Venezuela’s Bolivarian National Armed Forces (FANB) have launched a large-scale operation on Tuesday in Bolívar state, one of the country’s main mineral-rich regions in the southeast and also one with a heavy presence of criminal organizations.

Local media outlets and non-governmental organizations reported helicopter overflights, explosions, and the displacements of hundreds of people leaving gold extraction zones in Las Claritas and the area known as Kilometer 88, two key locations within the Orinoco Mining Arc.

According to Bloomberg, the military actions targeted illegal mining operations controlled by armed groups. Former opposition lawmaker for Bolívar state Américo De Grazia claimed that military forces attacked several gold-mining enclaves through aerial bombardments and gunfire.

The Venezuelan government, led by acting President Delcy Rodríguez, and the armed forces have offered no official information regarding the operations, as well as casualties, arrests, or official goals. Rodríguez met with military leaders on Wednesday to discuss a “100-Day Plan” to optimize the functioning of the armed forces but did not comment on the reported Bolívar deployment.

The operation took place in a region where the state has struggled to assert authority in the face of a proliferation of armed groups that control and administer mines, run artisanal mining activities, and regulate economic activity linked to gold extraction.

At the same time, local reports indicated that the military operation could be aimed at capturing Yohan José Romero, known as “Yohan Petrica,” a founding member of the Tren de Aragua criminal outfit, who reportedly operates in the area alongside Juan Gabriel Rivas Núñez, alias “El Negro Juancho,” and a third figure known as “Humbertico.”

Some sources have also not ruled out the presence of Héctor Guerrero, alias “Niño Guerrero,” the top leader of the large-scale criminal group that emerged inside Tocorón prison in Aragua state.

In September 2023, the Venezuelan government deployed “Operation Gran Cacique Guaicaipuro,” with more than 11,000 security personnel, to intervene in Tocorón prison. However, multiple reports indicated that “Niño Guerrero” and other senior gang leaders were warned in advance and escaped through a network of secret tunnels.

Guerrero is currently the subject of an Interpol Red Notice on charges related to transnational organized crime, drug trafficking, money laundering, and arms trafficking. The US State Department is offering a reward of up to US $5 million for information leading to his capture.

For its part, the media platform Miraflores al Momento denied separate reports alleging the presence of US military contingents in El Callao, another major gold-mining area in Bolívar state. Likewise, fact-checking outlets Cazadores de Fake News and CotejoInfo confirmed that images circulating were generated by artificial intelligence.

However, local outlets confirmed that, though without any military presence, US officials and business executives have conducted visits to gold-processing facilities belonging to the state-owned Venezuelan Mining Corporation (Minerven) in El Callao.

Last April, Venezuela approved a new mining law granting expanded incentives for private corporations to exploit gold and other “strategic minerals.” Concessions will last up to 30 years and may be renewed for two additional ten-year periods. The new law 

The legislation additionally introduced provisions for international arbitration in dispute resolution, a safeguard sought by investors, and a reduction of royalties and taxes at the Venezuelan government’s discretion.

Among the companies expressing interest are Canadian firms Gold Reserve and Augusta Capital Corporation, which seek to revive the large-scale gold and strategic minerals project known as “Siembra Minera.” Likewise, Roland Mineral Enterprises Corp. has already begun procedures to explore and develop gold, copper, and silver deposits. Swiss commodities giant Trafigura is also advancing a responsible sourcing program in partnership with state-owned Minerven.

There have additionally been corporate initiatives and feasibility studies by US companies—including mining firms such as Hartree, Peabody Energy, Ivanhoe, and TechMet—to enter the sector, though security concerns reportedly remain an obstacle.

Mining municipalities in southern Venezuela report some of the country’s highest rates of homicide, as well as reports of forced labor and widespread sexual violence. The gold extracting activities are mostly unregulated. According to former opposition lawmaker Américo De Grazia, only the gold processed by Minerven enters official records, while the rest circulates through parallel channels.

Similarly, Transparency Venezuela estimates that just 14 percent of the revenues generated by the gold sector reach the Central Bank and public coffers through royalties and export-related payments.

Edited by Ricardo Vaz in Caracas.



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Botswana diamond slump hits miners living on the edge of survival | News

Orapa, Botswana – It is a year since Motshwegwa Rakhudu lost his job after 14 years working as an installer at Debswana diamond mining operations in northern Botswana. He says he had been on rolling three-year renewable contracts with Enabler Hires (Pty) Ltd, and expected the arrangement would continue through to 2027.

Instead, he was retrenched and made redundant without warning.

“The shock was too much,” Rakhudu, (not his real name), told Al Jazeera.

“In early 2025, I took a loan of 26,000 pula (about $1,900) to buy a car because I believed my job was secure. By mid-May, I was out of work.” He said the sudden retrenchment left him struggling with debt and household responsibilities, including school fees, with no compensation received.

“Being caught unprepared has been very difficult. Jobs are scarce, and even when work is available outside mining, the pay is much lower. I am still looking for work,” he said.

Rakhudu said he has considered farming or starting a small business, but lacks the capital. Selling his car, he added, would only cover the outstanding loan.

“I would want to go into farming, but if I sell the car, the money will only clear the loan,” he said.

Al Jazeera contacted Gaotlhobogwe Radikwata, a senior management official at Enabler Hires (Pty) Ltd, for comment on the retrenchments.

“I am not going to answer your questions even if you convince me you are from Al Jazeera. Who gave you my number? I never shared my contacts with journalists. I am not at liberty to share information,” she said.

Jobs vanish as diamond production slows

The retrenchments come as Botswana’s diamond sector, the backbone of its economy, slows sharply.

Debswana Diamond Company, a joint venture between the government and De Beers, cut production by about 27% in 2024 to 17.9 million carats amid weak global demand, and plans further reductions to around 15 million carats in 2025. The company accounts for roughly 90% of Botswana’s diamond sales.

That slowdown has rippled through the wider economy. Botswana’s output contracted by about 5.3% in the second quarter of 2025, the sharpest fall since the pandemic, driven largely by declining diamond production, according to Reuters.

Diamonds account for around 70% of export earnings and roughly a third of government revenue, according to Reuters and S&P Global Ratings, which in 2025 downgraded Botswana’s sovereign credit rating to BBB-, citing sustained pressure from the global diamond downturn and weakening fiscal revenues.

Household pressure builds across mining communities

For workers, the impact is no longer abstract.

“The diamond downturn is no longer just a business issue. It is a human issue affecting workers, families, contractors and entire mining communities,” said Mbiganyi Gaekgotswe, General Secretary of the Botswana Mineworkers Union.

He said uncertainty now defines everyday life.

“The first question on everyone’s mind is whether they will still have a job next year,” he said. “Will contracts be renewed? Will overtime be reduced? These are not abstract concerns. They affect school fees, loans, medical bills and family responsibilities.”

Even where jobs remain, pressure is rising as wages stagnate while food and transport costs increase.

Beyond diamonds: searching for new growth

Restructuring has already filtered through contractors and service providers, with more workers shifted onto short-term agreements, said Dominic Obusitse Mapoka, Chairperson of the Botswana Diamond Workers Union.

“Workers who remain employed are increasingly on short-term or temporary contracts,” he told Al Jazeera. “This makes it difficult for families to plan because they do not know whether contracts will be renewed.”

He said many earn between $190-250 a month, while the cost of living continues to increase, with knock-on effects for small businesses tied to mining activity.

Since independence in 1966, Botswana’s diamond wealth has transformed what was once among the world’s poorest countries into a middle-income economy, financing infrastructure, public services and sustained growth.

But that success has also left it heavily exposed to global shocks. The sector is now under pressure from weak demand, competition from lab-grown diamonds and reduced luxury spending in key markets, according to S&P Global Ratings.

The downturn exposes the risks of economic concentration, said Levy Ndou, a political scientist at Tshwane University of Technology.

“When citizens depend heavily on one sector, a fall in global demand becomes very damaging.”

He called for faster diversification into agriculture and beef production, alongside stronger regional trade links.

Botswana’s Minister of Labour and Home Affairs, Pius Mokgware, said the government is responding by trying to absorb job losses, including expanding copper mining and opening new projects. He added that diversification efforts are also targeting agriculture, tourism and Information and Communication Technology.

Minister of Minerals and Energy, Bogolo Joy Kenewendo, did not respond to repeated requests for comment.

Tshepo Modibedi, President of the Small Scale Miners Association of Botswana, said smaller operators remain largely excluded from the diamond value chain, which is dominated by large firms.

While not directly involved in diamonds, the downturn still spreads through households nationwide, he said.

“Lab-grown diamonds and strict regulations are challenges,” he told Al Jazeera. “But they could also be opportunities, if policy becomes more inclusive.”

For Rakhudu, however, structural shifts in the global diamond market remain distant from daily survival.

“I am still looking,” he said. “I just want another chance to work.”

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George Noble backs energy, gold miners as bond markets enter ‘dangerous’ territory (CL1:COM:Commodity)

stack of shiny gold bars 3d illustration

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Veteran investor George Noble said investors should avoid long-dated bonds and instead focus on energy, commodities, and gold miners as rising deficits, sticky inflation, and higher yields reshape markets.

(George Noble, in collaboration with Seeking Alpha, will host the

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