OFAC GENERAL LICENSEActiveMinerals
GL 54
GL 54 — Mining Sector (Gold and Non-Precious Minerals)
Issued
Mar 27, 2026
Expiration
No expiration
Authorized entity
Operadores mineros internacionales
Type
General
Scope
Authorizes operations in the Venezuelan mining sector including coltan, iron, bauxite, and gold outside the Orinoco Mining Arc.
Authorized activities
- ·Operación minera con due diligence ESG
- ·Exportación de minerales certificados
Prohibited activities
- ·Operaciones en el Arco Minero del Orinoco con riesgo ambiental no mitigado
VENE · ECONOMIST Analysis
- Fact
- GL 54 (27 de marzo de 2026) reabre legalmente el sector minero VE para inversión internacional, excluyendo deliberadamente al Arco Minero del Orinoco.
- Implication
- CVG (Corporación Venezolana de Guayana) puede recapitalizarse con socios técnicos internacionales. Sectores hierro/bauxita/coltán no-Arco Minero ganan ventana de re-engagement.
- Indicator to monitor
- Anuncios CVG con majors mineros (Glencore, Anglo, Vale). Volumen exportación coltán certificado.
Official source
This summary does not constitute legal advice. The final determination of scope and applicability of any OFAC license requires consultation with qualified legal counsel and review of the official text published by the Office of Foreign Assets Control. VENE · ECONOMIST maintains this page as editorial reference for institutional investors.
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