Reuters reported on May 16 that Venezuela had "shut the door to new gold projects and threatened other mining and logging concessions". Environment minister Yuviri Ortega said Venezuela will "deny environmental permits" for any open-pit mines and will not allow companies to look for gold in its vast Imataca Forest Reserve. "Neither private or public companies will for now explore Imataca's gold." Citing ecological damage, Ortega said the government was also revising all its mining and timber concessions.
Venezuela stops open-cut and gold mines
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