US issues license that authorizes sales of Venezuelan gold

US issues license that authorizes sales of Venezuelan gold

AP News world

Key Points:

  • The U.S. government issued a license permitting dealings with Minerven, Venezuela’s state-owned gold mining company, signaling increased U.S. control over Venezuela's natural resources.
  • U.S. Interior Secretary Doug Burgum met with Venezuela’s acting President Delcy Rodríguez and representatives from over two dozen U.S. mining companies to discuss investment opportunities and security assurances.
  • The license excludes entities from Russia, Iran, North Korea, and Cuba from engaging in contracts with Minerven, reflecting geopolitical restrictions.
  • The Trump administration aims to counter China’s influence over critical minerals abundant in Venezuela and supports restructuring the country following the recent capture of former President Nicolás Maduro.
  • Separately, the U.S. moved to claim legal ownership of a sanctioned

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