The Daily Journal.- U.S. investment firm Heeney Capital secured rights to develop and operate the Chocó mine in El Callao, Bolívar state, and export its gold under a 30-year agreement with the Venezuelan government and the Venezuelan Mining Corporation (CVM). The project calls for an initial investment of up to $1 billion. Venezuela’s Minister of […]
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The Daily Journal.— President Donald Trump’s administration seeks greater U.S. access to Venezuela’s mineral resources, including gold, after securing control over 65 billion barrels of the South American country’s proven oil reserves. In that regard, the U.S. administration has expanded its efforts to gain influence over the Caribbean nation’s vast natural resources beyond hydrocarbons, according […]
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The Daily Journal.— The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued three new general licenses on Wednesday that expand authorized operations in Venezuela’s coal, gold and other mineral sectors, opening the door to trade, technology supplies and negotiations for future investments. The measures, identified as General Licenses 51D, 54C and […]
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The Daily Journal – The U.S. Department of the Treasury, through the Office of Foreign Assets Control (OFAC), issued a package of eight amended general licenses related to Venezuela on August 27, 2026, along with updates to several frequently asked questions. The action seeks to redefine the scope of permitted operations for U.S. and foreign […]
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The Daily Journal.- In mid-May, Canadian mining company Gold Reserve Ltd. announced the signing of a binding preliminary agreement with Augusta Capital Corporation to transfer a 50% stake in the rights and interests it holds in the Siembra Minera gold and strategic minerals project, located in Bolívar state, southern Venezuela. The strategic move coincides with […]
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