Story perspectives

Venezuela Proposes New Mining Bill to Attract Investment

3/10/2026

Summary

Story summary

Acting President Delcy Rodríguez proposed a bill to regulate the mining industry and attract foreign investment.
Venezuelan lawmakers began debating the bill to restore investor confidence after expropriations.
The bill mirrors oil reforms and includes independent arbitration to guard against future expropriations.
The National Assembly, controlled by Rodríguez's party, is expected to approve the law, which allows foreign companies to exploit minerals and raises concessions from 20 to 30 years.

1 of 1

Story summary

Acting President Delcy Rodríguez proposed a bill to regulate the mining industry and attract foreign investment.
Venezuelan lawmakers began debating the bill to restore investor confidence after expropriations.
The bill mirrors oil reforms and includes independent arbitration to guard against future expropriations.
The National Assembly, controlled by Rodríguez's party, is expected to approve the law, which allows foreign companies to exploit minerals and raises concessions from 20 to 30 years.