10 AUGUST 2011alu
CVG-Alcasa official postpone planned trip to China to discuss JV
Edited by : AL CIRCLE
1 min read
CVG-Alcasa officials' planned trip to China to pin down final details of a $403 million joint venture designed to revive Venezuela's ailing aluminum smelter has been postponed, Alcasa sources told Platts.
The Ministry of Basic Industry and Mining "hasn't given the authorization yet," an Alcasa spokeswoman said. Alcasa representatives were to meet with officials with Chalieco, a subsidiary of the Aluminum Corporation of China, which was chosen by the Venezuelan government to modernize Alcasa potlines 3 & 4 and to build an extrusion facility, among other projects, at the Puerto Ordaz-based facility.
The Ministry of Basic Industry and Mining "hasn't given the authorization yet," an Alcasa spokeswoman said. Alcasa representatives were to meet with officials with Chalieco, a subsidiary of the Aluminum Corporation of China, which was chosen by the Venezuelan government to modernize Alcasa potlines 3 & 4 and to build an extrusion facility, among other projects, at the Puerto Ordaz-based facility.
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