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Open-File Report 2014–1068

Events Affecting Gold Exploration in Venezuela Since 1999

By David R. Wilburn

Thumbnail of and link to report PDF (225 KB)Abstract

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

For additional information, contact:
Director, National Minerals Information Center
U.S. Geological Survey
12201 Sunrise Valley Drive
Reston, VA 20192
Telephone: (703) 648–4961

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Suggested citation:

Wilburn, D.R., 2014, Events affecting gold exploration in Venezuela since 1999: U.S. Geological Survey Open-File Report 2014–1068, 8 p.,

ISSN 331-1258 (online)




Legislative Actions and Industry Response

Future Activities

References Cited

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