US seeks more access to Venezuela’s mineral wealth after tapping its oil, sources say
The administration is weighing an executive order on critical minerals as U.S. officials hold talks with companies about investing in Venezuela’s mining sector.
- On Tuesday, the Trump administration announced efforts to secure greater access to Venezuela's mineral wealth, including gold, to expand influence over the South American country's natural resources beyond recently acquired oil reserves.
- Following the January ouster of former Venezuelan leader Nicolas Maduro, who favored China, the administration seeks to align the country's resources with Washington's interests after gaining majority control of more than 65 billion barrels of oil last week.
- Treasury Department officials authorized transactions involving Venezuelan-origin gold in March, though outdated 2018 reports estimating 644 metric tons of gold complicate economic assessment for potential investors.
- White House spokeswoman Taylor Rogers stated the U.S. and Venezuela are "benefiting from renewed cooperation between our governments and new investments by Western companies," while the administration considers executive orders to bolster critical mineral involvement.
- Data from the Orinoco Mining Arc remains difficult to assess due to illegal mining, while some critics within Venezuela fear Trump is effectively turning the country into a "modern-day colony.
23 Articles
23 Articles
US eyes Venezuela’s vast mineral resources after major oil gains: Report
The Trump administration is set to expand the US access to Venezuela’s mineral wealth after tapping significant oil resources in a recent deal struck last month.According to the sources privy...
US seeks more access to Venezuela’s mineral wealth after tapping its oil, sources say
The Trump administration is seeking greater U.S. access to Venezuela's minerals, including gold, as it expands its push to gain control and influence over the South American country's vast natural resources beyond oil, according to three sources familiar with the discussions.
US seeks more access to Venezuela's mineral wealth after tapping its oil, sources say
The Trump administration is seeking greater U.S. access to Venezuela's minerals, including gold, as it expands its push to gain control and influence over the South American country's vast natural resources beyond oil, according to three sources familiar with the discussions.
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