Events affecting gold exploration in Venezuela since 1999

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.