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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United Steelworkers officials said that they would recommend their members to ratify a tentative agreement with Alcoa, announced on Friday, a press release from steelworkers said. “The proposed contract builds on decades of collective bargaining progress with hard-fought economic and non-economic...
Alumina Limited updated on the company’s Q2 and H1 financial results during Q2 2019 Earnings Conference Call on August 22. Alumina's H1 2019 profit has fallen by 26 per cent on lower alumina prices. The company has cut its interim dividend to half after the results. The company cut its interim...
Alcoa Corporation and the United Steelworkers are at the final stage of agreement on a new 4-year labour agreement for approximately 1,700 active employees at five U.S. Alcoa locations. A long running negotiation process between the Company and the United Steelworkers is finally coming to a...
On Friday, August 16, Elysis reportedly marked the start of construction of its Research and Development Centre within Rio Tinto's Complexe Jonquière, the site of the Arvida smelter, Vaudreuil refinery, and Arvida Research and Development Centre. In this research and development centre, technical...
PARTER Capital Group AG has completed acquisition of Avilés and La Coruña, Spain Aluminum Plants from Alcoa; a press release from Alcoa confirms that. The acquisition includes the casthouses at both plants and the paste plant at La Coruña, which are currently in operation, and the closed smelters...
Alcoa has achieved three Aluminium Stewardship Initiative Certifications to the ASI Performance Standard, for the Juruti bauxite mining and Alumar alumina refining operations in Brazil, and for the San Ciprián aluminium smelting operations in Spain. Alcoa is the first US-based company to achieve...
The presence of abundant electrical power in Iceland due to geothermal and hydroelectric energy sources has been buoying the aluminium production in Iceland. Aluminium producers like Alcoa and Century Aluminium which have closed smelters in the U.S. are still running facilities in Iceland, mostly...
Employee volunteers from Alcoa’s Pinjarra alumina refinery have reportedly joined local non-profit organisation Squared Away to assist them in cleaning up the surrounding area. This is the first community service this year through the company’s Alcoans Coming Together in Our Neighbourhoods (ACTION)...
Analysts review that Canada’s exemption from U.S. tariffs on imports of aluminium has boosted earnings for companies such as Rio Tinto and Alcoa at the expense of U.S. consumers. Despite the lifting of tariffs on Canada in May, U.S. consumers are paying the physical market premium of around US$400...
Alcoa this week reported a net loss of $402 million and negative free cash flow of US$7 million on its $2.7 billion of Q2 2019 revenue. Divesting of interest in the Ma'aden Rolling Company (MRC) in Saudi Arabia costed the company dearly. Results were negatively affected by lower alumina and...
Alumina Limited has reported the result highlights for Alcoa Corp’s 2Q 2019 bauxite and alumina segment. Alcoa’s bauxite and alumina segment is represented by Alcoa Worldwide Alumina and Chemicals (AWAC), a joint venture which is owned 40% by Alumina Limited and Alcoa owns the remaining 60% and is...
Alcoa Corporation in the financial results of second quarter 2019 declared that its revenue stood at $2,711 million, compared to $2,719 million in Q1 2019. This indicates the company’s revenue remained flat quarter-on-quarter in Q2 2019. The net loss recorded at $402 million or $2.17 per share, in...
The Aluminum Association, in cooperation with the Aluminium Association of Canada, reported primary aluminium production in North America (U.S. and Canada) was at an annual rate of 3,991,956 tonnes during June 2019, a drop of 13,354 tpy or 0.3% from May 2019. The production rate in the U.S. was off...
Alcoa Corporation signed a conditional share purchase agreement with private equity investment firm PARTER Capital Group AG to sell its two aluminium plants in Spain. Avilés and La Coruña aluminium plants include the casthouses at both facilities and the paste plant at La Coruña, which are...
Alcoa Corporation, a leading bauxite, alumina, and aluminium producer, announced the signing of a New Labour Contract for Aluminerie de Bécancour Smelter in Québec, Canada on July 2. "We are pleased that ABI has a new labour agreement that will get employees back on the job, working together to...
Alcoa Corporation announced the signing of amended joint venture agreement with the Saudi Arabian Mining Company (Ma’aden). Alcoa will transfer its 25.1 percent interest in the Ma’aden Rolling Company to Ma’aden. The agreement is expected to close by month end. The joint venture, created in 2009,...
Alcoa Corporation is likely to reach an agreement with United Steelworkers as the management of the Aluminerie de Bécancour Inc. (ABI) smelter in Québec, Canada offered a revised labour contact to the United Steelworkers yesterday. ABI smelter is owned by Alcoa (74.95%) and Rio Tinto Alcan Inc....
Alcoa Corporation, the world’s eighth largest aluminium producer, has reportedly launched its 2020 apprenticeship recruitment campaign. Through this campaign, which will run until July 15, Alcoa hopes to recruit more than 20 apprentices. Four-year apprenticeships are on offer in the trade...
