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Alumina Ltd lost 0.43% at $4.59
Edited by : AL CIRCLE
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Alumina Limited lost 0.43% at $4.59 after trading over 602,000 ADRs. It is a leading Australian company listed on the ASX and the NYSE, and invests world-wide in bauxite mining, alumina refining and selected aluminium smelting operations through its 40% ownership of Alcoa World Alumina & Chemicals, the world’s largest alumina business. Earlier this month, the company announced that its Board of Directors did not declare a dividend for the fiscal year 2012. Last month it announced that Chinese resources company CITIC Resources Holdings Limited would unconditionally subscribe, in aggregate, for 366,029,428 fully paid ordinary shares in the company, being 15% of Alumina’s current capital base, representing 13.04% of Alumina’s capital base following completion, thereby raising about AUD 452 million on the basis of an issue price of AUD 1.235 a share.
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