U.S. Secretary of the Interior Discusses Recent Gold Shipment from Venezuela

U.S. Secretary of the Interior Doug Burgum shared on Wednesday that the recent return of $100 million worth of gold from Venezuela marked a notable event, as it was the first shipment of its kind in over two decades.

While speaking on CNBC at S&P Global’s CERAWeek conference in Houston, Texas, he highlighted this significant development. “No precious metals have been transported between Venezuela and the United States for more than 20 years,” he noted, referencing his recent visit to Venezuela where he had discussions with Interim President Delcy Rodríguez.

After the meeting, Burgum mentioned that the U.S. would engage with Venezuela to explore opportunities in its mining sector. He confirmed the gold shipment shortly after the discussions, revealing more details during this week’s conference.

The collaboration comes as Venezuela, under the leadership of Rodríguez, known for its historical tension with the U.S., has shown an interest in working with the United States, seeking support to revitalize its struggling oil and energy sectors in return for shared oil resources.

“At the end of the two days, we were able to take home $100 million in gold, physical gold,” Burgum said, emphasizing that this gold would be utilized for both commercial and consumer needs.

Additionally, in January, the U.S. detained Venezuelan leader Nicolas Maduro and his wife, Cilia Flores, who are currently awaiting trial on drug-terrorism charges. Despite Rodríguez’s previously critical remarks towards the U.S., it appears he has been cooperating with the Trump administration, having engaged in conversations with Trump and CIA Director John Ratcliffe.

Burgum expressed concerns about Venezuela’s mining industry, stating it has “completely collapsed” due to the influence of gangs over artisanal miners. He remarked on the government’s aspirations, indicating they desire a clean environment, modern investments, and growth for the nation.