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Mercuria Group announces that it has entered into a prepayment and offtake agreement with Heritage Minerals in support of the restart of operations at the Mount Morgan gold mine in Queensland, Australia.
"We are proud to support Heritage Minerals and the restart of operations at Mount Morgan, which aligns perfectly with Mercuria's strategy to grow our precious metals business and deepen our footprint in Australia," said Kostas Bintas, Global Head of Metals and Minerals at Mercuria. "This agreement underscores our commitment to long-term partnerships and to providing innovative financial solutions that enable sustainable resource development and environmentally friendly rehabilitation."
Mercuria has agreed to a prepayment of AUD 40,000,000 and a corresponding offtake agreement for the first 210,000 Oz of Gold in Dore produced at Mt Morgan over a period of 4 years, with production due to commence in Q4 2026.
About Mercuria
Mercuria is one of the world's largest independent energy and commodity groups, with a strong presence in global supply chains, energy transition assets, and strategic infrastructure. The group operates across oil, gas, power, and metals markets, with integrated trading, logistics, and investment capabilities. Mercuria is present in over 50 countries, with annual revenues exceeding USD 140 billion. The group has made significant investments in renewable power, energy storage, grid optimization, and critical transition metals and minerals.