Venezuela’s CVG Alumino del Caroni (Alcasa) will receive a $403 million investment from the government and China, Bloomberg reports. Beijing-based Aluminum Corporation of China will be providing operational advice to the metal maker, Alcasa.
The investment will come from a development fund, which was set up in 2007 between the two countries and has received at least $18 billion in contributions. Alcasa will receive $6 billion in May 2011. It will be the third installment of the fund.
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