Cerro Bolívar is a mountain in the state of Bolívar,

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 com ...

, 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 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 an ...

, USA. More than half the mountain is thought to consist of top-grade

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 f ...

– anything up to half a billion tons. Cerro Bolivar has been mined since the 1950s, originally by

U.S. Steel The United States Steel Corporation is an American steel company based in Pittsburgh, Pennsylvania. It maintains production facilities at several additional locations in the U.S. and Central Europe. The company produces and sells steel products, ...

. In 1975, the mining operation was

nationalized 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 priv ...

by the government of

president President most commonly refers to: *President (corporate title) * President (education), a leader of a college or university *President (government title) President may also refer to: Arts and entertainment Film and television *'' Præsident ...

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 ...

. Mining stopped in 1997, but resumed again in 2009 when the

Swiss Swiss most commonly refers to: * the adjectival form of Switzerland * Swiss people Swiss may also refer to: Places * Swiss, Missouri * Swiss, North Carolina * Swiss, West Virginia * Swiss, Wisconsin Other uses * Swiss Café, an old café located ...

company

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 p ...

took over operations on invitation by president

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 De ...

References

Iron mines Mines in Venezuela Mountains of Bolívar (state) Bolivar {{Venezuela-geo-stub