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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On January 17, 2023, Alcoa Corporation reported fourth quarter and full year 2023 results demonstrating progress on key priorities. Financial results and highlights Fourth quarter 2023 Received approval to continue bauxite mining in Western Australia Received clarification on qualification for...
Alcoa Corporation has announced its intention to cease production at the Kwinana Alumina Refinery in Western Australia in 2024, with the gradual shutdown commencing in the second quarter. The refinery, boasting an annual nameplate production capacity of 2.2 million tonnes, has been operating at...
In the aluminium industry, a CEO's role is crucial for a company's success. The CEO, widely known as the Chief Executive Officer, serves as the leader responsible for making vital decisions that impact the company's growth and profitability. In the aluminium sector, where technological advancements...
Amid continued decreasing inventories, China’s domestic primary aluminium price was found to exceed the RMB 19,000 per tonne level this week after more than a month. Besides this, other prime events occurred this week were the appointment of Matt Reed as Alcoa’s Executive Vice President and Chief...
Alcoa Corporation, a global leader in the aluminium industry, has announced the appointment of Matt Reed as its Executive Vice President and Chief Operations Officer, effective January 1, 2024. Matt Reed's background and responsibilities Matt Reed, currently the Vice President of Operations for...
The biggest development of the twenty-first century is the international recognition of global warming and its adverse effects on the Earth's climate. Excessive carbon emissions or GHG footprints primarily cause overheating of the atmospheric dome, which may cause the protective ozone layer to...
To address concerns about the San Ciprián complex, which includes an alumina refinery and an aluminium smelter, Alcoa Corporation organised a series of talks with key stakeholders. This week, officials from their Spanish operational companies will meet with representatives from national and...
The Western Australian Government has recently granted a conditional exemption to Alcoa, a major player in the mining and alumina refining industry, under section 6 of the Environmental Protection Act 1986. The exemption aims to safeguard local jobs and maintain compliance with environmental...
Alcoa Corporation has scheduled a series of meetings with primary stakeholders to address concerns regarding the San Ciprián complex, which comprises an alumina refinery and an aluminium smelter. This week, representatives of their Spanish operating subsidiaries will be meeting with representatives...
On December 7, the International Aluminium Institute (IAI), a global body that represents the world's leading producers of aluminium, announced a new initiative aimed at tracking and reporting on its member companies' progress in reducing greenhouse gas emissions. This move is being launched at the...
Recycling of end-of-life materials is gaining utter importance in the automobile sector. The primary reasons behind this can be traced back to the fact that the automotive industry is quite raw material intensive. Moreover, once out of the production house and running on the streets, any vehicle...
In a recent incident at Alcoa's Pinjarra refinery, five workers were affected by a chemical spill, drawing emergency crews to the alumina refinery in Pinjarra, Western Australia. The spill, involving a caustic solution integral to the alumina extraction process from bauxite ore, occurred around 4...
Renato Bacchi is the Executive VP and CCO of Alcoa Corp, overseeing sales, marketing, supply chain, and more. He previously held roles in strategy, finance, and treasury at Alcoa. Renato joined Alcoa in 1997, working on energy projects and material procurement in Brazil. He holds an MBA and CFA...
In Q3 2023, Alcoa Corporation delivered noteworthy results, with increased third-party shipments, enhanced cash flow, and significant achievements. Highlights: They increased third-party alumina shipments by 11 per cent and aluminium by 1 per cent sequentially. A cash balance of $926 million was...
In a recent development, the West Australian government has reaffirmed its commitment to upholding robust environmental standards in Alcoa's mining operations within the state's Jarrah forest. This commitment aims to prevent a potential legal issue impacting Alcoa's operations. This year, Alcoa...
Alcoa Corporation announced today that William F. Oplinger has been elected to serve as President and Chief Executive Officer of the Company and as a member of its Board of Directors. Oplinger succeeds Roy C. Harvey, effective September 24, 2023, who will serve as Strategic Advisor to the Chief...
Alcoa Corp., the largest producer of aluminium in the United States, has announced the appointment of Andrew Hastings, the former general counsel of Canada's Lundin Mining Corp., as its new Chief Legal Officer. Andrew Hastings decided to join Alcoa after stepping down from his position as the legal...
The Recycling Partnership, a mission-driven NGO advancing a circular economy, has reportedly claimed that it collected 4.1 million pounds of post-consumer aluminium scrap annually for recycling and reduced 18,750 tonnes of greenhouse gas emissions, three times more than initially expected....
