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Venezuela

Venezuela is a country located on the northern coast of South America, bordered by Colombia, Brazil and Guyana, with a Caribbean coastline. The capital and largest city is Caracas. Venezuela has a population of about 28 million people and its economy has historically been dominated by petroleum exports, as it holds some of the world's largest proven oil reserves. The country's currency is the bolívar. Venezuela operates as a federal presidential republic, though its governance has been marked by significant political controversy and international dispute in recent years. The economy has experienced severe contraction, hyperinflation and widespread shortages since the mid-2010s, leading to a major humanitarian crisis and mass emigration. Venezuela is a member of the Organisation of the Petroleum Exporting Countries (OPEC), the Union of South American Nations and other regional bodies, though its international standing has been complicated by sanctions and diplomatic tensions. The country's political situation has divided the international community, with some nations recognising the government of Nicolás Maduro and others supporting opposition claims. Venezuela's vast mineral wealth includes not only oil but also gold, iron ore, bauxite and other resources. The nation gained independence from Spain in 1821 as part of Gran Colombia, becoming a separate republic in 1830.

Venezuela News


Gold bars
Venezuela nears deal to move $4bn gold reserve to New York, FT says
18th September 2026 By: Reuters

The Venezuelan government and the opposition are close to an agreement to transfer the central bank's gold reserves, worth about $4-billion, to the Federal Reserve Bank of New York from the Bank of... 


Continental Resources executive chairperson Harold Hamm
US firm Heeney Capital to operate Venezuela gold mine, Continental seeks to enter oil project
17th September 2026 By: Reuters

Venezuelan authorities signed deals on Wednesday granting New York-headquartered investment firm Heeney Capital operational and export rights for a gold mine, and setting preliminary terms for US... 


Chevron gas infrastructure
Chevron eyes Argentina, Mediterranean for global LNG growth, deal with India
14th September 2026 By: Reuters

Chevron is looking to expand its global gas portfolio from Argentina to the Mediterranean to meet growing demand from buyers concerned about energy security due to the crisis in the Middle East,... 


Crude oil
Experts, lawyers puzzled over US-Venezuela oil deal, call for contract transparency
31st August 2026 By: Reuters

A massive long-term oil deal expected to grant the US access to a fifth of Venezuela's crude reserves has energy experts and lawyers questioning its legality and eventual execution, while calling... 


Gold bars
Venezuela looks to UK-held gold reserves for reconstruction as inflation surges
13th August 2026 By: Reuters

Venezuelan authorities plan to focus on reconstruction efforts and recovering gold reserves worth an estimated $4-billion held in the Bank of England's underground vaults, National Assembly chief... 


Venezuela building collapse
Venezuelan gold developer Gold Reserves donates $1m to emergency relief efforts
26th June 2026 By: Marleny Arnoldi

TSX-V-listed gold and copper project developer Gold Reserve has donated $1-million to support emergency relief and recovery efforts in Venezuela. The country experienced two catastrophic... 


Building collapse in Venezuela
Thousands feared dead after two major earthquakes strike Venezuela
25th June 2026 By: Reuters

Thousands of Venezuelans were feared dead on Thursday after two powerful earthquakes wreaked havoc in and around the capital Caracas, trapping people beneath the rubble of collapsed buildings and... 


Newmont Ahafo gold pour
Venezuela deploys troops against illegal miners in key gold belt
11th June 2026 By: Reuters

Venezuela has deployed troops to target illegal groups controlling key gold deposits, according to local residents and human rights activists, as the government seeks to attract foreign investment... 


Sherritt's nickel and cobalt operation, in Cuba
Sherritt shares suspended amid Cuba challenges
25th May 2026 By: Marleny Arnoldi

The Ontario Securities Commission has issued a failure-to-file cease trade order against TSX-listed Sherritt International Corporation effective May 21, owing to the company’s failure to file its... 


Sherritt operation in Cuba
Sherritt warns of looming acute operational, financial and legal difficulties in Cuba
20th May 2026 By: Marleny Arnoldi

Canadian mining company Sherritt International Corporation, which is among Cuba’s largest foreign investors, is seeking to take the necessary and most appropriate actions to definitively address... 


Forest in Venezuela
Venezuela gazettes new 'investor friendly' mining law
6th May 2026 By: Marleny Arnoldi

Venezuela's new mining law, 'Ley Orgánica de Minas' has been formally enacted and gazetted. TSX-V-listed Roland Mineral Enterprises says the new mining law represents a significant step in... 


Sherritt's operation in Cuba
Canadian miner invested in Cuba says it's asssessing Trump's fresh sanctions
5th May 2026 By: Bloomberg

A Canadian mining company that is among Cuba’s largest foreign investors is consulting with advisers and stakeholders after President Donald Trump expanded US sanctions against the struggling... 


Greenheart Gold's Tosso Creek project area, in Suriname
British investment service increases stake in Greenheart to 19.9%
17th April 2026 By: Marleny Arnoldi

England-based La Mancha Resource Capital, which manages the La Mancha Resource Fund, has announced it will increase its shareholding in TSX-V-listed Greenheart Gold from about 4.6% to 19.9%. The... 


Molten gold
Venezuela hopes to lure back international miners, but it's a risky business
13th April 2026 By: Reuters

Venezuela's effort to attract foreign investors to develop its gold, iron and bauxite seams has enthusiastic backing from the Trump administration but faces big challenges, including armed groups... 


US issues new Venezuela-related general licences for critical minerals
30th March 2026 By: Reuters

The US on Friday issued new, Venezuela-related general licenses for critical mineral investment and operations, according to the US Treasury Department. The licenses authorize "the supply of... 


US Energy Secretary Chris Wright
Oil prices have not climbed enough to cause demand destruction, US energy secretary says
24th March 2026 By: Reuters

Global oil prices have not climbed enough to cause demand destruction, US Energy Secretary Chris Wright said on Monday at the CERAWeek energy conference in Houston, Texas, even as markets continued... 


Photo of Terence Creamer
Fundamentally disrupted
20th March 2026 By: Terence Creamer

Peace is not merely the absence of war. Yet when conflicts rage, the foremost priority is always to find ways to stop the killing and the destruction of infrastructure. Only then is there any... 


Trafigura to help Venezuela's Minerven develop a responsible gold-sourcing programme
Trafigura to help Venezuela's Minerven develop a responsible gold-sourcing programme
17th March 2026 By: Reuters

Trafigura will work with Venezuela's state gold miner Minerven to develop a responsible sourcing programme as part of its pre-payment deal for gold dore, a semi-pure alloy, the Swiss commodity... 


Gold Reserve, other miners receive US license to negotiate Venezuela return
6th March 2026 By: Reuters

Gold Reserve said on Thursday the US Treasury's Office of Foreign Assets Control has issued a 30-day licence allowing certain companies, including the miner, to negotiate with Venezuela. Shares of... 


An image of Ian Cockerill
Exploration key value driver for miner
27th February 2026 By: Lumkile Nkomfe

Exploration represents one of the most important drivers of value for multinational gold producer Endeavour Mining, having added over 20-million ounces to its portfolio at the significantly low... 


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pqt: 0.08s - ct: 0.131s - 281pq - 2rq
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