economy
U.S. brought back $100 million of gold from Venezuela, Interior Secretary Burgum says
The Interior secretary said Venezuela's interim president, Delcy Rodriguez, wants foreign investment in the country's mining sector.
TL;DR
- The U.S. has brought back $100 million of gold from Venezuela.
- This is the first shipment of precious metals between the two countries in over 20 years.
- U.S. refiners will use the gold for commercial and consumer purposes.
- Interior Secretary Doug Burgum met with Venezuela's interim President Delcy Rodriguez.
- Venezuela possesses the world's largest crude oil reserves and significant mineral resources.
- The Rodriguez government is seeking modern investment and growth, particularly in the mining sector.
- Venezuela's mining industry has collapsed and is largely controlled by gangs with poor environmental practices.
- Opposition leader Maria Corina Machado called for the full privatization of Venezuela's oil industry.