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Minerven to Supply Up to 1,000 Kilograms of Gold to U.S. in Trafigura-Brokered Deal

The U.S.-brokered arrangement channels Venezuelan doré bars to domestic refineries through Trafigura, marking the administration's third Venezuela resource contract.

Interior Secretary Doug Burgum and Venezuela's interim president, Delcy Rodriguez, shake hands after their meeting at the Miraflores Presidential Palace in Caracas on Wednesday.

Overview

  • Venezuela’s state miner Minerven agreed to furnish 650–1,000 kilograms of Gold Doré bars with a 98% final gold content standard, according to reporting.
  • Commodity trader Trafigura will act as the intermediary and move the shipments to U.S. refineries under a separate arrangement with the U.S. government, sources said.
  • Interior Secretary Doug Burgum traveled to Venezuela and helped shepherd the agreement, according to Axios.
  • Secondary coverage places the deal’s value at more than $150 million, presented as an estimate based on Axios’ report.
  • This contract is described as the third extraction deal under the Trump administration’s supervision, drawing political criticism as backers argue it curbs past smuggling and redirects revenue to Venezuela.