Glencore International AG (Glencore) plans to supply 200 thousand tons of alumina to Tajikistan for the Tajik Aluminum Company (TALCO) this year, according to the TALCO press service.
On April 19, visiting CEO at Glencore International AG, Mr. Ivan Glasenberg, reportedly met here with senior representatives of TALCO.
The two sides reportedly discussed prospects of further expansion of bilateral cooperation between the two companies.
Glencore is one of the largest trading partners for Tajik primary aluminum. Glencore International AG has cooperated with TALCO in providing Tajik aluminum smelter with alumina and producing primary aluminum since 2007.
Under two agreements between Glencore and TALCO that are valid until the end of this year, TALCO annually supplies 163 thousand tons of primary aluminum to Glencore.
Glencore, for its part, plans to finance the delivery of 200 thousand tons of alumina to TALCO this year.
The Tajik Aluminum Company (TALCO), which is Tajikistan’s largest state-owned enterprise, is one of the ten largest aluminum smelters in the world and provides up to 70% of the country’s foreign currency earnings, consuming 40% of the country’s electrical power. TALCO is wholly owned by the Tajik government. Tajikistan does not mine alumina but imports the raw material through tolling arrangements. (News.tj/Ukrainian metal)
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