US issues limited licence for Venezuelan gold following high-level visit

Al JazeeraCenterEN 2 min read 100% complete by By AFP and ReutersMarch 6, 2026 at 10:31 PM

AI Summary

short article 2 min

In March 2026, the US government issued a limited license authorizing Venezuela's state-run mining company, Minerven, to export and sell Venezuelan gold to the US. This decision follows a high-level meeting and a push from US President Trump to increase international investment in Venezuela's resource sector. The license stipulates that Venezuelan gold cannot be exchanged with Cuba, North Korea, Iran, or Russia. Payments to sanctioned individuals must be processed through Treasury accounts. While Minerven has faced US sanctions for years due to nationalization efforts under former President Chavez, the US has been seeking greater access to Venezuela's resources since January 3, 2026.

Key Entities & Roles

Key Player Opposition Context

Cuba 50% North Korea 50% Iran 50% Russia 50% Hugo Chavez 60% January 3 military operation 70% US Department of the Treasury 70% Minerven ×270% Nicolás Maduro (Maduro) 70% United States ×790% Donald Trump ×290% Venezuela ×9100%

Keywords

venezuelan gold 100% us licence 90% mining 80% international investment 70% us sanctions 60% resource sector 60% foreign government deposit funds 50% minerven 50% nationalise resources 40% oil sales 40%

Sentiment Analysis

Negative

Score: -0.30

Source Transparency

Source

Al Jazeera

Political Lean

Center (0.00)

Far LeftCenterFar Right

Classification Confidence

90%

This article was automatically classified using rule-based analysis. The political bias score ranges from -1 (far left) to +1 (far right).

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venezuelan gold us licence mining international investment us sanctions resource sector foreign government deposit funds minerven nationalise resources oil sales

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