BNamericas cited Mr Ivan Hernandez the deputy ministry of basic industries and mining of Venezuela as saying that excluding state companies Bauxilum and Carbonorca from the decree creating the Venezuelan national aluminium corporation was probably a mistake.
The official said that "It's likely that these companies were left out because of an unintentional error."
In the decree published in Venezuela's official gazette announcing the creation of the new state aluminium corporation, bauxite and alumina producer Bauxilum and carbon anode producer Carbonorca were not listed as being part of the new entity. Although the goal of the corporation is to take over management of all companies involved in the aluminium production process, from the extraction of raw materials to fabrication, the decree excluded the 2 key companies.
According to the decree the companies that will make up the new corporation are Alcasa, Venalum, Cabelum, Alunasa, Alucasa and the aluminium rolling social production company.
(Sourced from Business News Americas)
