The Daily Journal.- The United States diplomatic representative in Caracas, John Barrett, held a high-level meeting with Venezuela’s main economic and financial officials.
“I met with the Minister of Mines, Héctor Silva, together with the Sectoral Vice President for Economy, Calixto Ortega, and the President of the Central Bank of Venezuela, Luis Pérez, from the interim authorities, to advance the economic recovery phase of President Trump’s plan for Venezuela,” Barrett stated via the U.S. Embassy’s X account.
According to the post, one of the key points of the bilateral exchange was the analysis of the recently approved mining legislation. The U.S. official positively assessed the regulatory reforms, considering them a catalyst to attract foreign capital and restore confidence in international markets.
“The new mining law represents an important step, so I encouraged the Ministry to continue advancing in consultation with the private sector in a process that provides predictability and security for investors,” the U.S. spokesperson said.
The Washington administration has emphasized the need to establish clear rules, institutional transparency, and strong legal guarantees to allow the safe return of multinational corporations to Venezuelan territory.
Finally, Barrett highlighted that the progress of these regulatory reforms and private-sector consultation frameworks opens the door for U.S. corporations to participate in the country’s strategic projects.
“High-quality U.S. companies are ready to participate and contribute cutting-edge expertise and long-term value for Venezuela,” the diplomat concluded.
At the end of April, Mercuria Energy Group signed a series of purchase agreements with the Venezuelan Mining Corporation related to raw materials and gold projects in Venezuela. The company stated in a press release that these contracts, along with associated investment commitments, could generate approximately $2.2 billion annually in mineral exports.
