Mining guild unveils twelve-point roadmap to attract investment to Venezuela

The web portal Descifrado reported on September 7, 2026, that the Venezuelan Society of Mining and Metallurgical Engineers, in collaboration with consultant Oswaldo J. Ruiz, presented a strategic proposal of twelve key points to revive mining in the country. The approach aims to establish minimum conditions that would allow mineral resources underground to be turned into real and viable projects.

The proposal comes at a time when global mining demands high standards of legal certainty, transparency and compliance with international regulations. For an extractive project to be viable today, having rich deposits is not enough; a clear legal framework is required that protects against expropriation, guarantees transferable land titles and sets out in a predictable way the payment of royalties and taxes to the government.

Attracting capital to Venezuelan mining means navigating a complex financial environment. According to estimates by academic Aswath Damodaran of New York University (NYU Stern), updated as of January 1, 2026, Venezuela has a sovereign rating of C and a country risk premium of 26.66%. These indicators reflect the high cost of financing and the need to offer solid guarantees to convince international investors to enter the local market.

In practice, the lack of a robust institutional framework affects both investors, who fear losing their capital, and local communities, which are left exposed to informal and unregulated mining. An orderly and transparent model would make it possible to channel resources toward infrastructure development and social protection, reducing dependence on traditional oil rentierism.

In the coming months, attention will focus on the willingness of authorities to accept these guild recommendations and move forward with concrete legal reforms. The success of this roadmap will depend on achieving a real balance between the sovereignty of the state over its resources and the operational guarantees demanded by global markets.