Venezuela Approves Sweeping Mining Law

The bill is a key initiative of acting President Delcy Rodríguez, who is seeking to stabilize the economy following the removal of Nicolás Maduro.

By creating formal categories for small, medium, and large-scale mining, the government hopes to curb illegal extraction by criminal groups.

However, critics warn that deep-seated corruption and ongoing violence in mineral-rich regions remain significant barriers to entry.

The move follows similar efforts to open the Venezuelan oil sector to global energy companies.