US Receives $100 Million Worth of Gold from Venezuela Amid Efforts to Seize Control of Natural Resources

WASHINGTON: US Secretary of State Doug Burgum has confirmed that the Donald Trump administration has received $100 million worth of gold from Venezuela as it seeks to seize control of the South American nation's natural resources. On Friday, the gold came to the United States from Venezuela. Burgum said Venezuela has $500 billion in reserves. Burgum gave the information after the United States issued licenses for transactions with Minervain, Venezuela's state-owned gold mining company. The move is seen as part of Washington's efforts to expand its influence over Venezuela's vast mineral reserves. Earlier this week, Burgum met with acting President Delcy Rodriguez in Venezuela. He also spoke with representatives of more than 24 American mining and mineral companies. Many of them had previously operated in Venezuela. Read more: Iran Conflicts: Threatened by Trump-Iran leader Mojta Vargum says it will not last long.