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LatinNews Daily - 03 March 2026

In brief: Mining reform planned in Venezuela

*The president of Venezuela’s national assembly, Jorge Rodríguez, has said that a reform bill is being planned for the country’s mining sector with the aim of boosting international investment. In a YouTube interview with Venezuelan journalist Luis Olavarrieta, Rodríguez said that, following the passage of a hydrocarbon reform in late January, a mining reform would mean that “big foreign companies can come to extract gold, diamonds, and so-called rare earth minerals”. Rodríguez also used the interview to again downplay the prospects of elections in the short-term. “There are always elections in Venezuela, there are established periods, and we’ll undoubtedly reach a consensus, political agreements [in talks with the opposition], but the most important thing right now is society… the economy… that people feel like their most important needs are being met,” he said.

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