US EditionUS issues a license that authorizes sales of Venezuelan gold
The license excludes Russia, Iran, North Korea, and Cuba, enabling controlled U.S. access to nearly 9.5 tonnes of Venezuelan gold produced in 2025, officials said.
- On Friday, the U.S. issued a license authorizing dealings with Minerven, Venezuela's state-owned gold mining company, after Doug Burgum met with acting President Delcy Rodríguez and over two dozen U.S. mining firms.
- Amid security risks, Venezuela's government gave security assurances to more than two dozen U.S. mining and minerals companies, many of which previously operated there.
- Under the license, firms and individuals from Russia, Iran, North Korea and Cuba are barred from contracting with Minerven, and officials framed the move as countering China’s influence over critical minerals.
- The license advances a plan to turn around Venezuela after U.S. forces captured then-President Nicolás Maduro, coinciding with efforts to claim a sanctioned tanker and nearly 2 million barrels of petroleum.
- Legal changes and security assurances are reshaping investor prospects in Venezuela as Delcy Rodríguez signed a law opening Venezuela's oil sector to privatization, creating openings for U.S. mining and minerals companies that previously operated there.
52 Articles
52 Articles
U.S. Brokers Major Gold Deal With Venezuela's State Mining Company
As things continue to pop off in the Middle East, the United States is still focused on Venezuela - and has brokered a multimillion-dollar gold deal. The agreement, first reported by Axios, involves the sale of between 650 and 1,000 kilograms of gold doré bars - which are semi-refined with approximately 98% gold content - from Venezuela's state-owned mining company, Minerven, to the global commodities trader Trafigura. The gold is destined for …
US Office of Foreign Assets Control Issues License for Venezuela's Gold Sector
The United States Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued General License 51 on Friday, March 6. The license authorizes US individuals and companies to conduct transactions with the Venezuelan state mining company, Minerven, related to Venezuelan-origin gold. The license allows the export, sale, supply, storage, purchase, delivery, and transportation of Venezuelan-origin gold for import to the US, the refining…
US issues license to authorize sale of gold from Venezuela
WASHINGTON -- The U.S. issued a license Friday that authorizes dealings with Minerven, Venezuela's state-owned gold mining company, in the latest sign of the Trump administration's intent to exercise more control over that country's natural resources.
On Friday, March 6, the United States issued a license authorizing transactions with Minerven, the Venezuelan state gold mining company, in the most recent sign of President Donald Trump's government's intention to exercise greater control over the country's natural resources.The license was issued after U.S. Interior Secretary Doug Burgum met this week in Venezuela with Interim President Delcy Rodríguez, as well as representatives of more than …
The US has re-released the trade in gold from Venezuela under certain conditions.
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