Venezuela · Framework in preparation
Venezuela's gold chain, mapped for traceability
In Venezuela the State sits at the centre of the gold chain, and the legal framework is in transition. Minario models the actors, institutions and both versions of the rules so the matrix can change when the new law is confirmed.
Minario and the Venezuelan framework
A 75-second overview of the Venezuelan chain, its institutions and how Minario models a framework in transition.
Video narrated in Spanish.
The chain
The actors of the Venezuelan gold chain
- Mixed companies with State participation
- Strategic alliances of small miners
- Mining brigades
- Authorised private companies (new law)
- Banco Central de Venezuela
Institutions
Each actor answers to an institution
Minario keeps this map as configurable data: each actor with its credential, each credential with its institution, each rule with its source.
Ministry with competence in mining
Grants mining rights and sets small-mining modalities.
Mining Superintendence
New oversight body created by the 2026 law.
Banco Central de Venezuela (BCV)
Main buyer of gold; values and certifies it.
Arco Minero del Orinoco
Special zone where the main gold areas are concentrated.
How Minario models the framework
A matrix ready for a law in transition
- 1
Two rule versions
The previous law required all gold to be sold to the BCV; the new law gives it a preferential right to buy. Minario loads both, each with its effective date.
- 2
Mapped credentials
Each actor with its credential, each credential with its institution, each rule with its source.
- 3
Compliance first
No operation can be activated without a mandatory compliance check cleared beforehand.
Venezuela is a framework in preparation: Minario does not operate or onboard clients there. The jurisdiction matrix is a working draft pending review by legal counsel. This page is not legal advice.
Traceability that builds trust in gold
Want to follow how the Venezuelan framework evolves? Write to us.