NewzVille International
The United States has lifted more sanctions on Venezuela’s gold and mineral industries, as it seeks greater access to the country’s vast natural resources. The move follows the January capture of former president Nicolas Maduro by US forces and a shift toward rebuilding ties under interim leader Delcy Rodriguez.
New licenses allow contracts with state-owned firms such as Minerven, opening opportunities in gold, diamonds, bauxite and rare earth minerals.
Much of the sector is located in the Orinoco Mining Arc, a resource-rich but unstable area long affected by armed groups and illegal mining activity.
