economy
mayo 3, 2026
Venezuela Signs Its First Mining Agreement with the U.S. After Maduro's Capture
The administration of Delcy Rodríguez, under the tutelage of the United States, signed a Memorandum of Understanding between the Venezuelan Corporation of Mining (CVM) and the U.S. company Heeney Capital, which will be associated with the Swiss Mercuria Energy Group.
TL;DR
- Venezuela's Corporation of Mining (CVM) signed an Understanding Agreement with U.S. company Heeney Capital, associated with Mercuria Energy Group.
- This is the first mining agreement endorsed by the U.S. administration since January 3rd.
- The deal aims to boost production of gold, nickel, iron, and bauxite, with projected annual exports of $2.2 billion.
- The agreement is expected to create jobs and promote sustainable economic growth.
- It involves private capital investment and technological exchange for mining development in Venezuela.
- This accord is seen as the first step in strengthening mining ties between the U.S. and Venezuelan governments.