Heeney Capital to operate Venezuela's top smelter
US-based firm Heeney Capital is negotiating to operate the Venalum smelter, which has a nominal capacity of 430,000 tonnes per year. The initiative came to light following a shipment of 15,000 tonnes of Venezuelan aluminium to the port of Avondale, the first in eight years.
By aluminio.ar · Based on reporting by Revista Digital Minera REDIMIN
What you need to know
- A cargo of 15,000 tonnes of aluminium arrived on 5 October at the port of Avondale.
- The Venalum smelter has a nominal capacity of 430,000 tonnes per year in Bolívar state.
- Restoring Venalum's full capacity would require an investment of USD 500 million over a period of five to seven years.
Read the full story on Revista Digital Minera REDIMIN
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