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US Confirms $100M Gold Transfer from Venezuela Amid Mining License Discussions
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US Confirms $100M Gold Transfer from Venezuela Amid Mining License Push
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News18
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09-03-2026, 07:43
US Confirms $100M Gold Transfer from Venezuela Amid Mining License Push
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US Interior Secretary Doug Burgum confirmed the arrival of $100 million worth of gold from Venezuela.
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The transfer comes as the US issued a license for dealings with Minerven, Venezuela's state-owned gold mining company.
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This move is part of the Trump administration's strategy to expand influence over Venezuela's vast natural resources.
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Burgum met acting President Delcy Rodríguez and US mining companies, securing assurances for investment in mineral-rich regions.
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The license bars Russia, Iran, North Korea, and Cuba from Minerven contracts, aiming to counter China's dominance and stabilize Venezuela.
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