March 28, New Delhi: The United States has lifted additional sanctions on Venezuela's gold and mineral industries, as it seeks greater access to the country's vast natural resources. This move follows the January capture of former President Nicolas Maduro by US forces and a shift toward rebuilding ties under interim leader Delcy Rodriguez.
The new licenses allow contracts with state-owned firms such as Minerven, opening opportunities in gold, diamonds, bauxite, and rare earth minerals.
Much of the sector is located in the Orinoco Mining Arc, a resource-rich but unstable area that has long been affected by armed groups and illegal mining activity.
(File Photo)