Exclusive – Glencore Bartered with Firm Linked to Iran Nuclear Programme

March 1, 2013

Author: 

Louis Charbonneau

Publication: 

Reuters

Swiss-based commodities trading company Glencore provided thousands of tons of alumina to the Iranian Aluminum Company, Iralco. Iralco has a supply contract with the Iran Centrifuge Technology Company (TESA), a subsidiary of the Atomic Energy Organization of Iran (AEOI). The AEOI and its subordinates have been subject to U.N. sanctions since 2006. Iralco was sanctioned by the European Union in December 2012 for "supporting Iran's proliferation sensitive nuclear activities." According to Glencore, the last trade with Iralco took place in October 2012.