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U.S. Brought Back $100 Million of Gold From Venezuela, Interior Secretary Burgum Says
The U.S. returned $100 million in Venezuelan gold for refining after talks with interim President Delcy Rodriguez to boost mining and energy sector cooperation.
- On Wednesday, Interior Secretary Doug Burgum announced the U.S. physically retrieved $100 million in Venezuelan gold, marking the first precious-metals shipment between the two nations in over 20 years.
- This transfer follows the January capture of former Venezuelan President Nicolas Maduro, which enabled the U.S. to reshape Venezuela's resource sector through new agreements with state-owned mining firm Minerven.
- The gold bars contain roughly 98% gold content and will be transported to U.S. refineries by commodities trader Trafigura for commercial and consumer use.
- Officials claim the arrangement channels resource revenue directly to Venezuela's government and people, curbing corruption from "black-market smugglers who skimmed money off the top."
- Interim President Delcy Rodriguez pledged to reform mining laws accelerating foreign investment, while opposition leader Maria Corina Machado pushed for full oil industry privatization and nine months to prepare credible elections.
24 Articles
24 Articles
Burgum: Shipment of Gold to U.S. from Venezuela Was First in 20 Years
The $100 million worth of gold the United States brought back from Venezuela a few weeks ago was the first shipment in quite some time, U.S. Department of the Interior Secretary Doug Burgum said Wednesday.
U.S. Brought Back $100 Million Worth Of Gold From Venezuela After Instating a Friendly President, Interior Minister Says
Interior Minister Doug Burgum said the U.S. brought back $100 million worth of gold from Venezuela earlier this month after he made a trip to the country.
The U.S. Secretary of the Interior, Doug Burgum, said this Wednesday that he took $100 million in gold from Venezuela for U.S. oil refineries. “After two days, we managed to bring home $100 million in gold, physically speaking,” said Burgum, who earlier this month visited Venezuelan territory along with a group of executives from the oil and mining industry to meet with the president-in-charge, Delcy Rodríguez. “There had been no shipment of pre…
Burgum Says Trump Energy Policies Make US Less Vulnerable to Upheaval, the World Safer - The Thinking Conservative News
Trump’s push for strong American energy production looks prescient as global ships and pipelines carrying oil and LNG face threats worldwide. The post Burgum Says Trump Energy Policies Make US Less Vulnerable to Upheaval, the World Safer appeared first on The Thinking Conservative News.
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