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U.S. Licenses Venezuelan Gold Trade to Boost Investment

3/6/2026

Summary

Story summary

The U.S. Treasury Department issued a license on March 6, 2026 authorizing Venezuelan-origin gold transactions.
The license followed U.S. Interior Secretary Doug Burgum's visit to Venezuela, where he expressed optimism about expanding mining opportunities due to security assurances.
It aims to boost foreign investment in Venezuela's mineral sector, which has faced violence and infrastructure issues.
It allows dealings with Minerven and prohibits transactions with Russia, Iran, North Korea, and Cuba.

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Story summary

The U.S. Treasury Department issued a license on March 6, 2026 authorizing Venezuelan-origin gold transactions.
The license followed U.S. Interior Secretary Doug Burgum's visit to Venezuela, where he expressed optimism about expanding mining opportunities due to security assurances.
It aims to boost foreign investment in Venezuela's mineral sector, which has faced violence and infrastructure issues.
It allows dealings with Minerven and prohibits transactions with Russia, Iran, North Korea, and Cuba.