VENEZUELA: Ore for Fairless

Standing on a dock edging the black Caroni River one day last week, Venezuela's President Marcos Perez Jimenez pressed a button, started a conveyer belt, and sent baseball-sized chunks of iron ore tumbling into the hold of a Swedish freighter. When the ship was properly "topped off," her hatchcovers were closed and she steamed downstream with the first cargo of ore for the U.S. from the steel-hungry 20th century's greatest ore find, Cerro Bolivar.

The null mountain of ore was discovered seven years ago in a worldwide iron search by U.S. Steel Corp....

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!