The regional geology has an ancient continental mass located underneath what today is jungle. These ancient rocks yielded minerals in placer deposits as they were eroded. And unfortunately they are found underneath a cover of jungle soil.
The deposits are found in Guayana, Venezuela, Colombia, Peru and Bolivia. I'm not sure if Ecuador has them under the topsoil as well.
The destruction in Venezuela is really serious because they are destroying sections of the Caroni river watershed using illegal mining practices. This reduces the watershed's ability to hold water for the dry season, and thus the Caroni tends to have a very reduced flow. Which reduces the ability to generate electricity at the Guri dam complex. This is one of several reasons why Venezuela has an energy crisis.
I specialize in tracking Venezuela's economy, but I imagine the problem arises elsewhere in other areas. So this isn't only a problem for the trees or the atmosphere, it destroys native communities, erodes the soil forever, ruins watersheds and creates electricity shortages. It's a complete disaster.