The Trump administration issued three new licenses March 27 to open Venezuela mining to Western companies, lifting some sanctions that kept outside investors from buying and selling the country’s gold and other minerals.
The U.S. Department of the Treasury’s Office of Foreign Assets Control issued three general licenses to authorize dealings with Venezuelan minerals.
The first—G51A—allows U.S. entities to purchase, transport, and sell Venezuelan-origin minerals, including gold, but doesn’t permit extraction or refining activities.
The second permit—GL54—allows U.S. entities to provide goods, technology, software, or services connected to mining in Venezuela….
Trump Admin Issues New Licenses Opening Venezuela Mining to Western Firms
