Alcoa has moved its proposed acquisition of South32's bauxite, alumina and aluminium interests forward with a US SEC filing, with the transaction carrying an implied enterprise value of up to USD 5.6 billion. Alcoa Corporation has filed a Form S-4 registration statement with the US Securities and...
The Pentagon has announced a USD 174 million financing package for the aluminium producer Alcoa to set up a gallium production facility at its Wagerup alumina refinery in Western Australia, bringing critical mineral production into the refinery’s operations. The new facility is expected to produce...
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Ma'aden, Saudi Arabia's premier mining company, has reached an agreement to acquire SABIC's 20.62 per cent stake in Aluminium Bahrain (ALBA). This acquisition reflects Ma'aden's ongoing commitment to regional expansion and aligns with its ambitious goal to achieve a tenfold growth by 2040. The...
On September 15, 2024, Alcoa Corporation announced that it had entered into a binding share purchase and subscription agreement with Saudi Arabian Mining Company (Ma’aden). Under this agreement, Alcoa will sell its entire 25.1 per cent ownership stake in their joint venture to Ma’aden for...
John Slaven, CEO of Vedanta Aluminium, has submitted his resignation from the post, effective September 30, 2024, according to an exchange filing on September 14. Slaven, who took on the role in October 2023, is stepping down citing personal reasons. However, the company has not yet named his...
According to a report on August 23, 2024, Vedanta Aluminium has appointed Fabio Roberto Martins as the new CEO of the aluminium billet division. Martins will lead the unit in the new role, focusing on production optimisation and efficiency. Under Martins' leadership, Vedanta Aluminium aspires to...
Aluminium Stewardship Initiative (ASI) announced that Alcoa was recently recertified with the ASI Performance Standard V3. The recertification was provided for Alcoa’s Aluminerie de Bécancour Inc. and Aluminerie de Deschambault facilities in Canada, encompassing Aluminium Smelting, Casthouse, and...
On August 6, 2024, Alcoa Corporation announced a transition in its Investor Relations leadership, appointing Louis Langlois, Senior Vice President of Treasury and Capital Markets, effective September 1, 2024. Louis Langlois will assume responsibility for the Company’s investor relations and pension...
Alcoa has announced plans to modernise its Poços de Caldas (MG) plant from August to December this year, focusing on enhancing operational excellence and energy efficiency. The investment will involve replacing two ageing Ingersoll-Rand compressors, which have been used since 1975, with five new,...
Alcoa, a Pittsburgh-based industrial corporation and the global industry leader in bauxite, alumina, and aluminium products, has announced the successful completion of its acquisition of Alumina Limited. This strategic move enhances Alcoa's position as a leading pure-play upstream aluminium...
Intalco Aluminum LLC, a wholly owned subsidiary of Alcoa Corporation, the operator of the closed aluminium smelter in Ferndale, has agreed to a $5.25 million settlement with the U.S. Environmental Protection Agency (EPA). This settlement addresses violations of the Clean Air Act identified during a...
Note: This is an AI-generated image for representational purpose On July 17, Alcoa Corporation reported its consolidated results for the second quarter of 2024, ended June 30, following a preliminary report published in the previous week. The company declared that its revenue in Q2 stood at $2.906...
On July 16, 2024, Alcoa Corporation announced the preliminary voting results of its Special Meeting of Stockholders, at which the stockholders approved the Company's issuance of shares in connection with the proposed acquisition of Alumina Limited ("Alumina") by way of a scheme of arrangement...
On July 10, 2024, Alcoa Corporation announced its preliminary second quarter 2024 results ahead of its final declaration of report on July 16, 2024. The preliminary data indicates improved financial results, primarily attributed to higher average realised third-party prices of alumina and...
On June 28, 2024, Alcoa Corporation announced further progress on ELYSIS technology, with Rio Tinto planning to launch the first industrial-scale demonstration of the breakthrough technology. This technology eliminates all greenhouse gas (GHG) emissions from the traditional smelting process and...
Alcoa Corporation has appointed Elsabe Muller as Vice President Operations – Australia and President Alcoa Australia, effective October 2024. Based in Perth, Elsabe will be responsible for the Company’s bauxite mining and rehabilitation, alumina refining and aluminium smelting activities in Western...
Following the launch of EcoSource NMA in 2022, Alcoa has made its first sales of EcoSource non-metallurgical alumina (NMA) with six customers between 2023 and 2024. This development shows the NMA’s market interest in lower-carbon solutions. EcoSource NMA is a part of Alcoa’s sustainable product...
Gränges Americas is making significant strides to reduce its carbon footprint by seeking out low-carbon primary aluminium to produce its aluminium solutions. This initiative is part of the company's broader commitment to mitigate climate impact across its entire value chain, encompassing...
On June 11 2024, Alcoa Corporation announced that it had reached several key milestones in its acquisition of Alumina Limited (“Alumina”) and expects the transaction to be completed on or about August 1, 2024, subject to the satisfaction of customary conditions. The milestones include: Alcoa filed...
In a strategic manoeuvre to secure Alumina Ltd.'s $4 billion buyout, American aluminium giant Alcoa has tailored a unique arrangement for the company's second-largest shareholder, China's CITIC Group. As reported by the Australian business-focused, compact daily newspaper Australian Financial...
