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.
Bauxilum and Glencore have signed three earlier future supply contracts, Correo del Caroni said.
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