Venezuela’s Bauxilum Agrees to Glencore Contract, Correo Says
Venezuelan state-run alumina and bauxite producer CVG Bauxilum’s board agreed to a $120 million future supply contract with Glencore International Plc, Correo del Caroni reported, citing Wilfredo Flores, a labor director.
Bauxilum will supply Glencore with 1.4 million tons of alumina between 2014 and 2018, the Ciudad Guayana-based newspaper reported. The contract still needs approval from Mining Minister Jose Khan, the newspaper said.
Glencore spokesman Simon Buerk in Baar, Switzerland declined to comment when contacted by telephone today.
Bauxilum and Glencore have signed three earlier future supply contracts, Correo del Caroni said.
To contact the reporter on this story: Daniel Cancel in Caracas at dcancel@bloomberg.net.
To contact the editor responsible for this story: Dale Crofts at dcrofts@bloomberg.net
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