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The Independent UK
The Independent UK
National
Regina Garcia Cano

Venezuelan lawmakers approve sweeping mining bill to lure foreign investors

Venezuela President - (Copyright 2026 The Associated Press. All rights reserved)

Venezuelan lawmakers on Thursday approved a bill to regulate the country’s mining as it seeks to attract leery foreign investors to a once-private industry that has long been exploited by criminal groups believed to have ties to the government.

It is the latest legislative initiative by acting President Delcy Rodríguez since the self-proclaimed socialist government that has ruled Venezuela for 26 years came under pressure from the Trump administration in January, when the U.S. military deposed then-President Nicolás Maduro.

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