In many parts of the Caribbean Hills the Segovia Highlands, the Andes, as well as the Maracaibo and Coro lowlands, deposits of coal are known to exist, and have been worked in a perfunctory manner in various regions. There are minas de carbon de piedra west of Maracaibo, where the coal appears to be of very good quality; and similar seams have been extracted near Coro by shallow workings. The most extensive coalmines are those of Naricual, some fifteen miles eastward of Barcelona.
The ores of the other great staple mineral, iron, are vaguely referred to in descriptions of various imperfectly known parts of the country, but the only deposit which has hitherto attracted the interest of capitalists is that of Imataca on the foothills of the range of the same name in the Delta-Amacuro territory, on the banks of the Caño Corosimo. The veins are said to be numerous and extensive, and 700 tons were shipped to Baltimore in 1901, when the ore was examined and described as magnetic with 60 to 70 per cent. of iron. The main deposit is known as Imataca, but neighbouring minas bear the names of Tequendama, El Salvador, Nicaragua, La Magdalena, El Encantado, Costa Rica, and Yucatan; a concession for the whole of the known ferriferous area was granted on August 14th of last year (1911) to the Canadian-Venezuelan Ore Company, Limited, of Halifax, N.S.
Salt is, perhaps, the most profitable source of mineral wealth, in view of the Government monopoly, only certain persons being licensed to mine or otherwise obtain it. One of the richest sources is the salina of Araya, discovered by Niño in 1499, where there is an extensive surface deposit of pure sodium chloride; the majority of these salinas are situated on the dry, treeless stretches formed by ancient marine deposits, from which the salt is obtained by digging pits, these being filled with water in such a way as to dissolve out the salt of the surrounding sands and clays, and then evaporated to dryness in the sun. Several thousands of tons are obtained annually in this way near Maracaibo, on the Island of Coche, while some is also produced near Barcelona. The Coche salt is said to be the whitest and finest, but much of the inferior yellow variety is consumed in the Andine States.
THE “PITCH” LAKE, TRINIDAD.
Venezuela has long been known as a source of asphalt, and there are indications of the existence of the parent mineral, petroleum, all over the northern and western States. A few desultory and ill-advised attempts have been made to develop the petroleum resources in such places as Pedernales, in the Delta, and other localities near the coast; but the only satisfactory work has been carried out by the Venezuelan Compañía de Petroleo del Táchira, in the southern part of the State of that name, where for some years the oil was raised in shallow wells, refined, and sold in the neighbourhood for illuminating purposes. The more easily worked and discovered asphalt deposits have been mined both on Pedernales Island and the mainland near the Gulf of Paria, where the Bermudez asphalt “lake” is found near the Guanoco River; the area covered by the black, pitch-like residue of petroleum here is said to be considerably larger than the famous “pitch lake” of Trinidad, but the thickness of the deposit is less. The total amount exported in 1908 amounted to 37,588 metric tons, most of which was from the Bermudez property, Pedernales having only been exploited by a German company for a short time about ten years ago.
The only other non-metallic mineral which has been developed in any way appears to be sulphur, which occurs in considerable quantities near Carúpano, some eighteen kilometres from the port, in the mountains. A German company was formed in 1903 with a capital of 2,000,000 marks to work the deposit.
Copper ores are believed to exist at many places in the mountains of Venezuela, and the mines of Seboruco, Bailadores, and other places, both in the Andes and the Caribbean Hills, were worked formerly with profit. A rich deposit has recently been opened up near Pao, in the north part of the State of Cojedes, but the chief development of this resource of the country has taken place at Aroa, in the State of Yaracuy. Here extensive plant was set up some twenty years ago by a British company, and large quantities of regulus were shipped from Tucacas, the maximum being 38,341 tons in 1891. This earlier work came to an end, however, owing to the fall in prices, and the mines have only recently been reopened, when on a small capital they have made very large returns under the able management of Mr. Scrutton; the amount of ore exported in 1908 was 3,334 metric tons, and in 1909-10 4,950 metric tons, valued at about £7,000.
Gold has always since the Conquest been one of the principal attractions offered by Venezuela to prospectors and some few capitalists, and it must be acknowledged that the evidence of the various attempts proves that gold in great quantities exists in the Callao region, where the majority of the mines have been located. Lack of experience and carelessness among the managers of the earlier concerns have led to shutting down of mine after mine, when once the more accessible parts of the vein have been exhausted, or it has been lost by faulting. Among the earlier mines the El Callao was perhaps the most famous, but at all times the mining industry in this remote region has been hampered by the cost and difficulty of transport, a drawback only to be removed by the construction by the Government either of proper macadamised roads or of railways, preferably the former to begin with. In spite of the various difficulties, however, the quantity of gold exported from Ciudad Bolivar in 1908-9 was 385·774 kilograms, and in 1909-10, 601·974 kilograms.