What are the key terms and scope of Mercuria and Heeney Capital's Venezuelan mining deals?

Mercuria Energy Group and Heeney Capital signed off-take agreements and accompanying investments worth approximately $2.2 billion annually to purchase Venezuelan bulk commodities and metals—including gold—with plans to expand into aluminum, nickel, and iron products; the deals were announced in partnership and are described as 'actively progressing' by Mercuria.

What is the geopolitical context behind these deals, and who is involved at the U.S. government level?

The agreements are part of a broader push by the Trump administration to encourage investment in Venezuela’s metals and mining industry, and were announced alongside a U.S. government delegation in Caracas led by Jarrod Agen, executive director of the National Energy Dominance Council.

Mercuria, Heeney Ink Venezuelan Mining Deals for Gold, Metals

May 1, 2026

Mercuria Energy Group and Heeney Capital finalized $2.2 billion annual agreements to acquire Venezuelan gold and base metals. This move supports the Trump administration's strategy to boost investment in Venezuela's mining sector.

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