Venezuela approves new mining law

The bill also includes provisions for independent arbitration of disputes, a key demand from foreign companies wary of government asset seizures.

Interim President Delcy Rodríguez has faced growing pressure to deliver economic relief as workers across the country stage large-scale protests for higher wages.

While the government hopes the law will build future prosperity, critics warn that corruption and violence in mineral-rich regions remain significant barriers.

The move comes as the country seeks to rebuild its economy following years of political and financial instability.