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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Global lightweight metal giant Alcoa posted growth in the combined Upstream division, Alcoa Corporation, for the second quarter 2016. The company's Alumina and Primary Metals segments reported revenue of $2.3 billion, ATOI of $150 million and adjusted EBITDA of $358 million. The total revenue of...
Leading aluminium maker Alcoa reported its second quarter 2016 results on July11 2016. The company has separated its upstream and downstream business and the process is going to be complete by H2 2016. The separation seems promising for the company as its Arconic (Value-Add) segments grew...
Alumina says production at its AWAC joint venture with Alcoa held steady through the second quarter, with its returns falling despite improved margins. The ASX-listed Alumina (AWC) said AWAC production came in at 3.2 million tonnes, exactly in line with first quarter numbers. Its total dividends...
“Airframe and Engine OEMs—bring your challenges to us. We have the material expertise, resources and the personnel to ‘crack the code,’” promised Alcoa executive Eric Roegner. The senior executive was addressing an industrial gathering at the Farnborough International Airshow with the U.S....
Alcoa is expected to report year-over-year declines in second-quarter earnings and revenue when the metals company releases the figures Monday afternoon. The company, whose report unofficially kicks off the second-quarter reporting season, is expected to post quarterly earnings of $0.10 per share,...
Lightweight metals leader Alcoa has opened its state-of-the-art, 3D printing metal powder production facility. Located at the Alcoa Technology Center, the world’s largest light metals research centre, the Company will produce proprietary titanium, nickel and aluminium powders optimized for 3D...
Alcoa plans to announce its second quarter 2016 financial results on Monday, July 11 after the market closes. The press release will be available on the Investor section of Alcoa's website, and a link to the press release will also be available on Alcoa's twitter handle. A conference call to...
Australia's Alumina Ltd says its opposition to a break-up of US giant Alcoa has been validated by new details of the split. Nine months after it first flagged plans to break itself into two companies, Alcoa officially confirmed on Thursday morning that it would go ahead with the plan to separate...
Lightweight metals leader Alcoa announced yesterday a long-term contract with Embraer – the leading manufacturer of commercial jets up to 130 seats – valued at approximately $470 million. Under the multiyear agreement, Alcoa will supply aluminium sheet and plate for Embraer’s new E2s, the second...
Lightweight metals leader Alcoa has announced a major milestone in connection with its pending separation into two strong standalone, publicly-traded companies. Alcoa Upstream Corporation (to be renamed Alcoa Corporation prior to separation) has filed an initial Registration Statement on Form 10...
Alcoa has loaded its first shipment of WA bauxite destined for a Chinese alumina refinery, describing the event at Kwinana today as a milestone moment. The 47,000 tonne parcel of bauxite, from the Alcoa of Australia joint venture’s Darling Range mines, is the start of an export trial approved by...
The legal war between Alcoa Inc and Alumina Limited centred on the former’s strategic decision to subdivide itself has reportedly intensified. In a recent development, Alumina has sought relief from the confidentiality clauses attached to information provided by Alcoa in the wake of the aluminium...
Analyst Chris Olin at Rosenblatt Securities Inc. increased its Earnings per Share (EPS) estimates for Alcoa Inc. The improved EPS estimates reflect an improved profitability outlook for the company’s Alumina segment. The analyst stated that the company appears to be in a better position and could...
Relations between Alcoa and Melbourne’s Alumina continue to sour ahead of a legal shootout in September on Alumina’s rights to force a reworking of the global alumina alliance, known as AWAC, between the pair because of Alcoa’s planned demerger. In a rare Sydney briefing to local investors and...
The end of a decades-long power subsidy is threatening the future of Portland's smelter, putting at risk the Victorian coastal community's economy. The fixed 20-year subsidy between the Victorian Government and global aluminium producer Alcoa seems unlikely to continue after November, with...
Australia's Alumina is preparing for a court battle with Alcoa (AA) after the U.S. group filed papers alleging its joint venture partner was threatening its planned split by claiming the demerger required its consent. The conflict centers on the groups' Alcoa World Alumina and Chemicals, or AWAC,...
Alumina says it is concerned about a “new and financially weaker” Alcoa as its operating partner in the billion-dollar AWAC venture as tense talks between the warring factions spilled into the public arena. The Melbourne-based company, which owns 40 per cent of Alcoa World and Alumina Chemicals...
Alcoa has taken the surprise step of launching legal action in the US against Alumina to stop attempts by its Australian partner to derail a historic break-up of the aluminium giant. The action comes amid threats by Melbourne-based Alumina as recently as this week to try to "interfere with the...
