Venezuelan lawmakers have approved a bill to regulate the country’s mining industry, aiming to attract foreign investment to a sector previously exploited by criminal groups. The move follows a recent law opening the oil sector to foreign investment.
National Assembly president Jorge Rodriguez stated the bill is intended to build future prosperity and protect mining workers nationwide. Acting President Delcy Rodríguez championed the legislation, hoping to garner support from the US and international investors.
The approved measure seeks to regulate mining operations and provide a framework for investment in a sector that has long faced challenges with illicit activity and governance.