US EditionUS issues new Venezuela-related general licenses for critical minerals, says US Treasury Department
13 Articles
13 Articles
Trump Admin Allows Western Firms to Participate Venezuela Mining
The Trump administration March 27 opened Venezuela’s mining to Western companies, lifting some sanctions that kept outside investors from buying and selling the country’s gold and other minerals. The U.S. Department of the Treasury’s Office of Foreign Assets Control issued three general licenses to authorize dealings with Venezuelan minerals. The first—G51A—allows U.S. entities to purchase, transport, and sell Venezuelan-origin minerals, includi…
US lifts sanctions on Venezuela minerals sector, including gold
The US Treasury Department has lifted further sanctions on Venezuela's gold and mineral industries, aiming to increase access to the nation's natural resources. This move follows the capture of President Nicolas Maduro and seeks to restore diplomatic and trade ties.
The U.S. Treasury Department issued licenses for the commercialization of minerals, a measure that coincides with the legislative debate in Caracas to relax the entry of foreign capital and regularize an industry currently marked by informality. In a significant turn for the South American economy, the U.S. Government announced the lifting of new sanctions that weighed on the mining sector of Venezuela. Through the Office of Foreign Assets Contr…
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