Mercuria, Heeney Ink Venezuelan Mining Deals for Gold, Metals

Mercuria Energy Group has secured several agreements to purchase Venezuelan bulk commodities and metals, including gold, in the latest example of trading houses brokering investment deals in the country after former leader Nicolas Maduro’s ouster.

The Geneva-headquartered trader signed the deals in a partnership with private mining equity group Heeney Capital, Mercuria said in a statement Friday. The offtake agreements and accompanying investments are worth around $2.2 billion annually, and the two companies are “actively progressing” with more deals for Venezuelan aluminum, nickel and iron products, Mercuria said.