Venezuela Says It Will Move Quickly to Unlock Mineral Wealth

Venezuela Vows Rapid Mining Expansion Venezuela's interim President, Delcy Rodriguez, has pledged to rapidly unlock the country's mineral resources. In a meeting with mining executives and metals traders, Rodriguez stated that Venezuela will move at "Trump speed" to facilitate the exploitation of its mineral wealth. The announcement comes as Venezuela grapples with a severe economic crisis, and the government seeks to diversify its revenue sources beyond the oil industry. Rodriguez emphasized the country's vast untapped mineral reserves, including gold, diamonds, and coltan, and expressed a desire to attract foreign investment and expertise to develop these resources. The move aligns with the government's broader strategy to boost the mining sector and reduce Venezuela's dependence on oil exports. However, concerns remain about the potential environmental and social impacts of rapid mineral extraction, as well as the implications for the country's ongoing political and economic instability.

Mar 4, 2026 → Mar 20, 2026