Sydney (Platts)--12Nov2012/240 am EST/740 GMT

Japan's Itochu and Sojitz on Friday awarded a two-year alumina term sell tender that closed October 26, a vendor source said Monday.

However, at the buyer's request the pricing details could not be disclosed, he said.

The tender called for up to 360,000 mt to be shipped from Australia's Worsley Alumina between January 2013 and December 2014, with participants invited to submit bids for one- and two-year options.

Each shipment will be comprised of 30,000 mt, to be loaded at regular intervals during the term of the contract, and priced as a percentage of three-months LME aluminum values. Bids were required to be valid until November 9.

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Last month, India's Nalco awarded its first alumina term contract for 2013 at 16.07% of official cash and three-months LME aluminum values to Singapore-based trader Parthnon Derivatives.

A year ago, Itochu and Sojitz awarded a two-year 180,000 mt/year alumina term contract at around 16% of the LME, for shipment in 2012 and 2013.

--Joanna Lim, joanna_lim@platts.com --Edited by Robert DiNardo, robert_dinardo@platts.com

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