United States Sets Its Sights on the Venezuelan Mining Arc
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TL;DR
- U.S. Secretary of the Interior Doug Burgum visited Venezuela to promote foreign investment.
- The Orinoco Mining Arc, a strategic zone in southern Venezuela, is of particular interest.
- Burgum was accompanied by businessmen interested in the region's mining potential.
- The Orinoco Mining Arc covers 111,843.70 square kilometers and is rich in bauxite, rare earths, iron, gold, copper, kaolin, dolomite, and coltan.
- The U.S. Treasury issued a license authorizing U.S. companies to exploit and market Venezuelan gold.