A few days ago, in the conference room of venezuela, President of the CVG – Venalum Venalum project signing ceremony start file. Mr Venezuela, President of the CVG – Venalum EUCLIDESCAMPOS and chinalco international engineering co., LTD., vice President of Mr Marin on behalf of the parties to the contract signed project commenced to joint. Venalum project start to sign, flag entered the stage of the implementation of the comprehensive project. The project starting from November 28, 2014, time limit for a project, the total duration of 1130 days. It is reported, on November 25, 2014, chinalco international officially receive the full advance payment.
On April 16, 2014, signed with venezuela aluminium company the CVG – Venalum chinalco international EPC general contract worth $498 million, the project is the main content of Venalum electrolysis plant technical reform to achieve its recovery capacity, including the main material of 720 cell recovery capacity needed and restore production, 5 smelting furnace technical reformation, four series of electrolytic rectifier is part of the reform and the renovation of the anode roasting. The project for bilateral attaches great importance to the two countries, all project funds use bilateral large amount of money for a long time. After signing the contract, both parties respectively established the project department, organizing backbone to carry out a great deal of initial work.