The Daily Journal. — The United States received its first shipment of Venezuelan aluminum since 2018 on Monday, with approximately 15,000 metric tons produced by state-owned CVG Venalum and unloaded in Louisiana. The shipment arrived at the Port of Avondale, near New Orleans, as part of an operation involving U.S. firm Heeney Capital and Swiss […]
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Coal production plunged to 350,000 short tons in 2024 from 8.7 million in 2000 The Daily Journal.- Glencore Plc, Peabody Energy Corp. and Heeney Capital are considering agreements to produce coal in Venezuela’s Zulia state. The talks have focused on operational control and offtake rights rather than direct ownership of the mines. According to a […]
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The Daily Journal.- A Venezuelan delegation led by Hydrocarbons Minister Paula Henao will attend the G20 energy summit in Houston, Texas, at the invitation of the Trump administration. PDVSA Executive Vice President Jovanny Martínez will also attend the meeting, which will bring together energy ministers from the world’s leading economic powers. The delegation will participate […]
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Both companies are negotiating with Venezuela to operate the plant, in a move that marks the return of major commodity traders The Daily Journal.- London-listed miner Glencore (GLEN.L) and Swiss commodity trading company Mercuria Energy are among the firms seeking a deal involving Venalum, Venezuela’s largest aluminum plant. According to Bloomberg, both companies are holding […]
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The Daily Journal.— President Donald Trump’s administration seeks greater U.S. access to Venezuela’s mineral resources, including gold, after securing control over 65 billion barrels of the South American country’s proven oil reserves. In that regard, the U.S. administration has expanded its efforts to gain influence over the Caribbean nation’s vast natural resources beyond hydrocarbons, according […]
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The Daily Journal.— The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) issued three new general licenses on Wednesday that expand authorized operations in Venezuela’s coal, gold and other mineral sectors, opening the door to trade, technology supplies and negotiations for future investments. The measures, identified as General Licenses 51D, 54C and […]
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The Daily Journal – The U.S. Department of the Treasury, through the Office of Foreign Assets Control (OFAC), issued a package of eight amended general licenses related to Venezuela on August 27, 2026, along with updates to several frequently asked questions. The action seeks to redefine the scope of permitted operations for U.S. and foreign […]
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The Daily Journal — The Brazilian Embassy in Caracas held a successful meeting with business associations and private-sector representatives to boost economic ties between the two countries. Venezuelan participants had the opportunity to exchange ideas with the Brazilian Multisector Business Mission and to identify new strategic investment and cooperation opportunities. The delegation received support from […]
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The Daily Journal — The Venezuelan government has restructured its legal defense abroad as part of its efforts to prevent the loss of one of its most valuable assets. According to Reuters, Venezuelan authorities hired the international law firm Greenberg Traurig to represent the country in its multibillion-dollar legal dispute with Canadian mining company Crystallex. […]
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