US issues license that authorizes sales of Venezuelan gold
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