Wedoany.com Report on Mar 10th, U.S. Secretary of the Interior Doug Burgum confirmed in an interview on March 8 local time that Venezuelan gold worth $100 million had arrived in the United States on March 6 local time, reportedly "for industrial and commercial use."

According to information on the U.S. Department of the Treasury website, the U.S. issued a license that day authorizing specific transactions involving Venezuelan-origin gold.

Earlier last week, Burgum visited Venezuela, with the focus of the trip being the mining sector. Burgum brought representatives from more than 20 mining and mineral companies and expressed optimism about expanding Venezuela's oil and mining industries.

According to a report by Axios on Wednesday citing two informed sources, Venezuela's state-owned mining company has signed a multi-million dollar agreement to sell up to 1,000 kilograms of gold dore bars to the commodity trader Trafigura Group for the U.S. market.

Axios reported that the agreement requires Venezuela's mining company Minerven to supply Trafigura with 650 to 1,000 kilograms of gold dore bars. The report added that, under another arrangement with the U.S. government, Trafigura would send this gold to a refinery.

The U.S. Department of the Treasury website showed on Friday that the U.S. had issued a license authorizing certain transactions involving Venezuelan-origin gold. Just the day before, U.S. Secretary of the Interior Doug Burgum had concluded a visit to the South American country, with the focus being on mining.

Burgum, who also serves as Chairman of the U.S. National Energy Dominance Council, praised the efforts of Venezuela's interim President Delcy Rodriguez to open the country's oil and mineral investments to foreigners, echoing the assessment of U.S. President Donald Trump.