'Vehicle for the construction of prosperity'- Venezuela's National Assembly approves mining law to boost private, foreign investment | Collector the Venezuelan women and men who see in an instrument [like this] a vehicle for the construction of the prosperity of the future, the female and male mine workers throughout the national territory who have an instrument that protects them," Rodriguez said. For his part, Salomon Centeno, Deputy of the party Vamos Vamos Cojedes (VVC), indicated that the approval of the law 'will open the possibility of new investments and, consequently, new sources of gold ore'. The Venezuelan government is seeking to offer greater legal protection to large international mining companies through this new legislation, following years of permit revocations and project expropriations. The 'Organic Mining Law' will enter into force after the Supreme Court determines the constitutionality of its organic character. It will then be promulgated by the acting president of Venezuela and finally published in the Official Gazette. Venezuela has significant reserves of minerals such as gold, diamond, bauxite, and coltan. Mining activity is mainly concentrated in the Orinoco Mining Arc, a territory of about 112,000 square kilometres located in Bolivar state.""> the Venezuelan women and men who see in an instrument [like this] a vehicle for the construction of the prosperity of the future, the female and male mine workers throughout the national territory who have an instrument that protects them," Rodriguez said. For his part, Salomon Centeno, Deputy of the party Vamos Vamos Cojedes (VVC), indicated that the approval of the law 'will open the possibility of new investments and, consequently, new sources of gold ore'. The Venezuelan government is seeking to offer greater legal protection to large international mining companies through this new legislation, following years of permit revocations and project expropriations. The 'Organic Mining Law' will enter into force after the Supreme Court determines the constitutionality of its organic character. It will then be promulgated by the acting president of Venezuela and finally published in the Official Gazette. Venezuela has significant reserves of minerals such as gold, diamond, bauxite, and coltan. Mining activity is mainly concentrated in the Orinoco Mining Arc, a territory of about 112,000 square kilometres located in Bolivar state.""> the Venezuelan women and men who see in an instrument [like this] a vehicle for the construction of the prosperity of the future, the female and male mine workers throughout the national territory who have an instrument that protects them," Rodriguez said. For his part, Salomon Centeno, Deputy of the party Vamos Vamos Cojedes (VVC), indicated that the approval of the law 'will open the possibility of new investments and, consequently, new sources of gold ore'. The Venezuelan government is seeking to offer greater legal protection to large international mining companies through this new legislation, following years of permit revocations and project expropriations. The 'Organic Mining Law' will enter into force after the Supreme Court determines the constitutionality of its organic character. It will then be promulgated by the acting president of Venezuela and finally published in the Official Gazette. Venezuela has significant reserves of minerals such as gold, diamond, bauxite, and coltan. Mining activity is mainly concentrated in the Orinoco Mining Arc, a territory of about 112,000 square kilometres located in Bolivar state."">

'Vehicle for the construction of prosperity'- Venezuela's National Assembly approves mining law to boost private, foreign investment

Ruptly

'Vehicle for the construction of prosperity'- Venezuela's National Assembly approves mining law to boost private, foreign investment

"Venezuela's National Assembly unanimously approved on Thursday a new mining law that redefines the rules of the sector and opens the door to private and foreign investment in the country's vast reserves after more than two decades of state control. During his intervention and after the vote with legislators in Caracas, the president of the National Assembly, Jorge Rodriguez, declared the second discussion of the Organic Mining Law bill approved. "I deeply thank <...> the Venezuelan women and men who see in an instrument [like this] a vehicle for the construction of the prosperity of the future, the female and male mine workers throughout the national territory who have an instrument that protects them," Rodriguez said. For his part, Salomon Centeno, Deputy of the party Vamos Vamos Cojedes (VVC), indicated that the approval of the law 'will open the possibility of new investments and, consequently, new sources of gold ore'. The Venezuelan government is seeking to offer greater legal protection to large international mining companies through this new legislation, following years of permit revocations and project expropriations. The 'Organic Mining Law' will enter into force after the Supreme Court determines the constitutionality of its organic character. It will then be promulgated by the acting president of Venezuela and finally published in the Official Gazette. Venezuela has significant reserves of minerals such as gold, diamond, bauxite, and coltan. Mining activity is mainly concentrated in the Orinoco Mining Arc, a territory of about 112,000 square kilometres located in Bolivar state."

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