{
  "id": 12141583,
  "title": "Trump targets Venezuela for another mineral resource after oil",
  "url": "https://urgent.news/2026/10/05/trump-targets-venezuela-for-another-mineral-resource-after-oil",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-05T11:14:00.000Z",
  "source": {
    "name": "New Voice of Ukraine",
    "slug": "new-voice-of-ukraine",
    "url": "https://english.nv.ua/nation/after-oil-trump-sets-his-sights-on-730-million-metric-tons-of-reserves-of-yet-another-raw-material-50647199.html"
  },
  "original_language": "en",
  "account": "Glencore, Peabody Energy Corp., and Heeney Capital are exploring coal mining opportunities in Venezuela as the U.S. administration seeks to develop the country's resources beyond oil, according to Bloomberg. Both Glencore and Peabody are reportedly considering a joint bid to acquire assets in Venezuela's Zulia state, the heart of the country's coal industry. Meanwhile, Heeney is working with Drummond Co. on a separate potential bid for assets in the same region. Venezuela is home to some of the world's largest crude reserves but has seen a significant decline in coal production, which peaked a quarter-century ago. Currently, only about 350,000 tons of coal are produced in the country each year, compared to 8.7 million tons in 2000. To encourage revival of the industry, the U.S. Treasury eased sanctions on Venezuela's coal sector in early September, allowing certain types of trade, services, and negotiations over new investments. However, these talks primarily focus on operational control and rights to market the output, rather than transferring the mines into full company ownership. Reviving Venezuela's coal industry would require substantial investment in new equipment and infrastructure, potentially making it challenging to compete with cheaper coal producers from neighboring Colombia. Nonetheless, the U.S. government has shown interest in the sector.",
  "summary": "Glencore, Peabody Energy Corp., and Heeney Capital are considering coal-mining deals in Venezuela as the administration of U.S. President Donald Trump wants U.S.-allied companies to develop the country's resources beyond oil, Bloomberg reported on Sept. 30.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}