Venezuela’s Ruling Party Approves Mining Law to Attract Foreign Investment Amid US-Backed Reforms

TLDR: Venezuela’s ruling party passed a mining law opening gold, diamonds, and rare earths to foreign firms. The US issued a gold transaction license for Minerven after Interior Secretary Burgum’s Venezuela visit. Venezuela’s new mining law extends concessions to 30 years and introduces international arbitration clauses. Despite active sanctions, the US selectively supports Venezuela’s economic [...]

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