Open-File Report 2014–1068
The structure of the gold mining industry in Venezuela has changed significantly since 1999 as a result of Government policy changes and industry response to these changes. This report documents the policy decisions that have affected the mining industry, discusses the response of the industry on a site by site basis, and suggests possible effects of these changes on the global economy. For the short term, at least, it appears that these changes have made Venezuela a more difficult place to invest for U.S. and Canadian companies, while investment by Chinese entities has been encouraged.
First posted May 7, 2014
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Wilburn, D.R., 2014, Events affecting gold exploration in Venezuela since 1999: U.S. Geological Survey Open-File Report 2014–1068, 8 p., http://dx.doi.org/10.3133/ofr20141068.
ISSN 331-1258 (online)
Legislative Actions and Industry Response