Investment group Heeney Capital will invest in gold mining in Venezuela
Quick Look
The American investment group Heeney Capital signed an agreement with the Venezuelan state-owned company CVM to invest up to $1 billion in the Choko gold deposit in the El Callao area.
AI-generated summary
Why It Matters
Heeney Capital and Mercuria Energy Capital previously agreed to supply raw materials from Venezuela.
Investment group Heeney Capital will invest in gold mining in Venezuela. RIA Novosti reports this.
The US company has signed an agreement with Venezuela's state-owned mining company Corporación Venezolana de Minería (CVM). It is investing up to a billion dollars in the development of the Choko gold deposit in the El Callao region.
In May, Heeney, together with trader Mercuria Energy Capital, agreed to supply commodities and gold from Venezuela to the United States. The agreement envisages an increase in annual exports of mineral resources by approximately $2.2 billion.
Earlier, US President Donald Trump depicted Venezuela as the 51st American state. On social networks, he published an image of a map of the country, colored in the colors of the US flag.
Open Questions
- How will US sanctions affect the implementation of this project?
