GL 51 + Mining Law: Venezuela's Mining Opening Accelerates and Stalls in the Same Week

Rating B- · Outlook positivo · Outlook stable. Rating B- · Positive outlook. OFAC authorized Venezuelan gold exports to the U.S. on March 6. Burgum visited Caracas with 26 mining companies. The National Assembly approved the Mining Law in first reading on March 9. But the second reading stalled after 12 of 130 articles. What looked like a sprint became an obstacle course — with gold, diamonds, and rare earths as the prize.