Cerro Bolívar
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Cerro Bolívar
Cerro Bolívar is a mountain in the state of Bolívar (state), Bolívar, Venezuela, about 600 metres high. It has been described as "the richest concentration of iron ore on the face of the earth." At the time of its discovery it promised to outdo the great Hull-Rust-Mahoning mine in Hibbing, Minnesota, USA. More than half the mountain is thought to consist of top-grade iron ore – anything up to half a billion tons. Cerro Bolivar has been mined since the 1950s, originally by U.S. Steel. In 1975, the mining operation was nationalization, nationalized by the government of President of Venezuela, president Carlos Andrés Pérez. Mining stopped in 1997, but resumed again in 2009 when the Switzerland, Swiss company Commodities and Minerals Ltd took over operations on invitation by president Hugo Chávez. References Iron mines Mines in Venezuela Mountains of Bolívar (state) Hills of Venezuela, Bolivar {{Venezuela-geo-stub ...
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Bolívar (state)
Bolívar (, ) is one of the 23 States of Venezuela, states of Venezuela. The state capital city is Ciudad Bolívar and the largest city is Ciudad Guayana. Bolívar State covers a total surface area of and as of the 2011 census, had a population of 1,410,964. The state contains Angel Falls. History Spanish Colonization During the time of the Spanish Empire, it was part of the New Andalusia Province, province of Nueva Andalucía and later it was annexed to the Guayana Province, province of Guayana from 1777 when King Charles III of Spain, Charles III created the Captaincy General of Venezuela. The capital of the state, Ciudad Bolivar was founded on December 21, 1595 by Antonio de Berrío, who had come from Nueva Granada (present-day Colombia) with the mission of populating Guyana. The town, originally called Santo Tomás de Guayana, was a fortified port that had to move three times, since it was the target of constant assaults by Caribbean Indians and European corsairs, among ...
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Venezuela
Venezuela, officially the Bolivarian Republic of Venezuela, is a country on the northern coast of South America, consisting of a continental landmass and many Federal Dependencies of Venezuela, islands and islets in the Caribbean Sea. It comprises an area of , and its population was estimated at 29 million in 2022. The capital and largest urban agglomeration is the city of Caracas. The continental territory is bordered on the north by the Caribbean Sea and the Atlantic Ocean, on the west by Colombia, Brazil on the south, Trinidad and Tobago to the north-east and on the east by Guyana. Venezuela is a presidential republic consisting of States of Venezuela, 23 states, the Venezuelan Capital District, Capital District and Federal Dependencies of Venezuela, federal dependencies covering Venezuela's offshore islands. Venezuela is among the most urbanized countries in Latin America; the vast majority of Venezuelans live in the cities of the north and in the capital. The territory o ...
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Hibbing, Minnesota
Hibbing is a city in St. Louis County, Minnesota, Saint Louis County, Minnesota, United States. The population was 16,214 at the 2020 United States census, 2020 census. The city was built on mining the rich iron ore of the Mesabi Iron Range and still relies on that industry today. At the edge of town is the world's largest open-pit iron mine, the Hull–Rust–Mahoning Open Pit Iron Mine. It is the hometown of singer-songwriter Bob Dylan, NBA Hall-of-Famer Kevin McHale (basketball), Kevin McHale, MLB outfielder Roger Maris, and former Governor of Minnesota Rudy Perpich. Hibbing's main routes are U.S. Route 169 in Minnesota, U.S. Highway 169, Minnesota State Highway 37, State Highway 37, Minnesota State Highway 73, State Highway 73, Howard Street, and 1st Avenue. It is about northwest of Duluth, Minnesota. History The town was founded in 1893 by Frank Hibbing, born in Walsrode, Germany, on December 1, 1856, and christened Franz Dietrich von Ahlen. His mother died when he was s ...
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Iron Ore
Iron ores are rocks and minerals from which metallic iron can be economically extracted. The ores are usually rich in iron oxides and vary in color from dark grey, bright yellow, or deep purple to rusty red. The iron is usually found in the form of magnetite (, 72.4% Fe), hematite (, 69.9% Fe), goethite (, 62.9% Fe), limonite (, 55% Fe), or siderite (, 48.2% Fe). Ores containing very high quantities of hematite or magnetite (typically greater than about 60% iron) are known as natural ore or irect shipping ore and can be fed directly into iron-making blast furnaces. Iron ore is the raw material used to make pig iron, which is one of the main raw materials to make steel — 98% of the mined iron ore is used to make steel. In 2011 the ''Financial Times'' quoted Christopher LaFemina, mining analyst at Barclays Capital, saying that iron ore is "more integral to the global economy than any other commodity, except perhaps oil". Sources Elemental iron is virtually absent o ...
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Nationalization
Nationalization (nationalisation in British English) is the process of transforming privately owned assets into public assets by bringing them under the public ownership of a national government or state. Nationalization contrasts with privatization and with demutualization. When previously nationalized assets are privatized and subsequently returned to public ownership at a later stage, they are said to have undergone renationalization (or deprivatization). Industries often subject to nationalization include telecommunications, electric power, fossil fuels, railways, airlines, iron ore, media, postal services, banks, and water (sometimes called the commanding heights of the economy), and in many jurisdictions such entities have no history of private ownership. Nationalization may occur with or without financial compensation to the former owners. Nationalization is distinguished from property redistribution in that the government retains control of nationalized pro ...
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President Of Venezuela
The president of Venezuela (), officially known as the president of the Bolivarian Republic of Venezuela (), is the executive head of state and head of government of Venezuela. The president leads the National Executive of the Venezuelan government and is the commander-in-chief of the National Bolivarian Armed Forces. Presidential terms were set at six years with the adoption of the 1999 Constitution of Venezuela, and presidential term limits were removed in 2009. The office of president in Venezuela has existed since the 1811 Venezuelan Declaration of Independence from the Spanish Crown; the first president was Cristóbal Mendoza. From 1821 to 1830, Venezuela was a member state of Gran Colombia, and the Venezuelan executive was absorbed by the Colombian government in Bogotá. When the State of Venezuela became independent from Gran Colombia, the office of the president was restored under José Antonio Páez. Every head of state of Venezuela since then has held the ti ...
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Carlos Andrés Pérez
Carlos Andrés Pérez Rodríguez (27 October 1922 – 25 December 2010) also known as CAP and often referred to as ''Venezuelan Spanish#Some examples of Spanish words common in Venezuela.2C including some native Venezuelanisms .28slang.29, El Gocho'' (due to his Andean origins), was a Venezuelan politician who served as the 47th and 50th president of Venezuela from 1974 to 1979 and again from 1989 to 1993. He was one of the founders of Democratic Action (Venezuela), Acción Democrática, the dominant political party in Venezuela during the second half of the twentieth century. After the fall of dictator Marcos Pérez Jiménez and returning from exile, Pérez served as the List of ministers of interior of Venezuela, interior affairs minister for Rómulo Betancourt between 1959 and 1964, when he became known for his tough response against guerrillas. His First presidency of Carlos Andrés Pérez, first presidency was known as the ''Saudi Venezuela'' due to its economic and social ...
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Switzerland
Switzerland, officially the Swiss Confederation, is a landlocked country located in west-central Europe. It is bordered by Italy to the south, France to the west, Germany to the north, and Austria and Liechtenstein to the east. Switzerland is geographically divided among the Swiss Plateau, the Swiss Alps, Alps and the Jura Mountains, Jura; the Alps occupy the greater part of the territory, whereas most of the country's Demographics of Switzerland, 9 million people are concentrated on the plateau, which hosts List of cities in Switzerland, its largest cities and economic centres, including Zurich, Geneva, and Lausanne. Switzerland is a federal republic composed of Cantons of Switzerland, 26 cantons, with federal authorities based in Bern. It has four main linguistic and cultural regions: German, French, Italian and Romansh language, Romansh. Although most Swiss are German-speaking, national identity is fairly cohesive, being rooted in a common historical background, shared ...
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Commodities And Minerals Ltd
In economics, a commodity is an economic good, usually a resource, that specifically has full or substantial fungibility: that is, the market treats instances of the good as equivalent or nearly so with no regard to who produced them. The price of a commodity good is typically determined as a function of its market as a whole: well-established physical commodities have actively traded spot and derivative markets. The wide availability of commodities typically leads to smaller profit margins and diminishes the importance of factors (such as brand name) other than price. Most commodities are raw materials, basic resources, agricultural, or mining products, such as iron ore, sugar, or grains like rice and wheat. Commodities can also be mass-produced unspecialized products such as chemicals and computer memory. Popular commodities include crude oil, corn, and gold. Other definitions of commodity include something useful or valued and an alternative term for an economic good or ...
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Hugo Chávez
Hugo Rafael Chávez Frías (; ; 28 July 1954 – 5 March 2013) was a Venezuelan politician, Bolivarian Revolution, revolutionary, and Officer (armed forces), military officer who served as the 52nd president of Venezuela from 1999 until Death of Hugo Chávez, his death in 2013, except for 2002 Venezuelan coup d'état attempt, a brief period of forty-seven hours in 2002. Chávez was also leader of the Fifth Republic Movement political party from its foundation in 1997 until 2007, when it merged with several other parties to form the United Socialist Party of Venezuela (PSUV), which he led until 2012. Born into a middle-class family in Sabaneta, Barinas, Chávez became a career military officer. After becoming dissatisfied with the Venezuelan political system based on the Puntofijo Pact, he founded the clandestine Revolutionary Bolivarian Movement-200 (MBR-200) in the early 1980s. Chávez led the MBR-200 in its unsuccessful Venezuelan coup attempts of 1992, coup d'état again ...
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Iron Mines
Iron ores are rocks and minerals from which metallic iron can be economically extracted. The ores are usually rich in iron oxides and vary in color from dark grey, bright yellow, or deep purple to rusty red. The iron is usually found in the form of magnetite (, 72.4% Fe), hematite (, 69.9% Fe), goethite (, 62.9% Fe), limonite (, 55% Fe), or siderite (, 48.2% Fe). Ores containing very high quantities of hematite or magnetite (typically greater than about 60% iron) are known as natural ore or irect shipping ore and can be fed directly into iron-making blast furnaces. Iron ore is the raw material used to make pig iron, which is one of the main raw materials to make steel — 98% of the mined iron ore is used to make steel. In 2011 the ''Financial Times'' quoted Christopher LaFemina, mining analyst at Barclays Capital, saying that iron ore is "more integral to the global economy than any other commodity, except perhaps oil". Sources Elemental iron is virtually absent on th ...
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Mines In Venezuela
Mine, mines, miners or mining may refer to: Extraction or digging *Miner, a person engaged in mining or digging *Mining, extraction of mineral resources from the ground through a mine Grammar *Mine, a first-person English possessive pronoun Military * Mining (military), digging under a fortified military position to penetrate its defenses * Mine warfare ** Anti-tank mine, a land mine made for use against armored vehicles ** Antipersonnel mine, a land mine targeting people walking around, either with explosives or poison gas ** Bangalore mine, colloquial name for the Bangalore torpedo, a man-portable explosive device for clearing a path through wire obstacles and land mines ** Cluster bomb, an aerial bomb which releases many small submunitions, which often act as mines ** Land mine, explosive mines placed under or on the ground ** Naval mine, or sea mine, a mine at sea, either floating or on the sea bed, often dropped via parachute from aircraft, or otherwise lain by surface sh ...
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