Venezuela Passes Mining Law as Rodríguez Courts Investment

Delcy Rodríguez

Photographer: Jesus Vargas/Getty Images South America

Venezuela’s National Assembly passed a mining law pushed by Acting President Delcy Rodríguez to court US support and foreign investment.

Lawmakers granted final, unanimous approval to the 131-article bill on Thursday after an initial vote last month. The legislation replaces a nearly three-decade-old framework and is part of Rodríguez’s broader effort to offer legal guarantees and a more flexible tax regime to international investors, particularly from the US.