Venezuelan Parliament Promotes Mining Opening to Foreign Capital
Colombian exports to Venezuela totaled US$1.071.7 million in 2025, with a 6.8% growth. Photo: AFP
TL;DR
- Venezuela's National Assembly plans to reform the mining law.
- The reform aims to allow large foreign companies to invest in the exploitation of gold, diamonds, and rare earth minerals.
- This is part of a legislative agenda to support the government's economic reformulation.
- A similar reform recently opened the hydrocarbons sector to private and foreign investment.
- Following the hydrocarbon reform, Venezuela has engaged with US energy officials and foreign oil companies.