Mercuria Energy Group has signed a series of strategic offtake agreements with Heeney Capital for bulk commodities and gold projects in Venezuela, as recounted by Mining Technology.
The deals anticipate unlocking about $2.2bn annually in mineral export value. These agreements were developed on April 30th during a visit by a delegation, including US government officials and industry leaders, to Caracas. The purpose was to establish new investment frameworks and supply agreements in the oil and mining sectors.
Mercuria Energy Group managing director James Gilbert was present at the ceremony, held at Miraflores Palace (the official dispatch of the president of Venezuela) in Caracas.
Jarrod Agen, Executive Director of National Energy Dominance Council (left) with James Gilbert, Managing Director of Investments Mercuria (right)
Both companies are actively exploring further opportunities in aluminium, nickel, and ferrous products. Pending regulatory approvals, these potential transactions could add another $3bn annually in mineral export value, enhancing Venezuela’s position as a key supplier of essential materials to the global industry.
“Our partnership with Heeney Capital in Venezuela reflects our long-term approach to investing in resource development that delivers value both locally and globally”, said Mercuria.
Swiss commodity trading firm Mercuria is an independent group in energy and commodities, operating globally across various energy, metals, and power markets, with an increasing emphasis on energy security and critical minerals. It is committed to developing reliable, transparent, and sustainable supply chains for critical materials.
Heeney Capital is a private capital firm headquartered in New York specializing in high-impact investments, particularly within the mining and natural resources sectors.
Additional information:
James Gilbert, a Managing Director of Investments, Mercuria - https://www.linkedin.com/in/james-g-24419b15/
