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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Lightweight metals major Alcoa announced that Alcoa of Australia has agreed to sell its stake in DBP, the owner and operator of the Dampier to Bunbury Natural Gas Pipeline (DBNGP), to DUET Group (DUET) for AU$205 million (US$154 million approx.). DBP is currently owned 20 per cent by Alcoa of...
Aluminium major, Alcoa has permanently closed its aluminium smelter at Warrick County, along the Ohio river in Indiana. The company had earlier announced that it would close the smelter operations by end-March this year. The company was forced to shut operations at the 56 year old smelter due to...
China's persistent metals glut has lately been putting pressure on shares of Alcoa (AA), as dismal forecasts Wednesday contributed to the New York-based aluminium manufacturer's decline in share price of more than 5 per cent. "China's campaign to cut industrial overcapacity could be derailed by...
Lightweight metals leader Alcoa has unveiled the name, logo and tagline of its future Value-Add company: “Arconic. Innovation, Engineered.” The future Upstream company will operate under the Alcoa name. The company’s separation into two, independent, publicly-traded companies in the second half of...
Utility vehicle manufacturer Fruehauf has designed a new series of tip-trailers, which, for improved strength, durability and weight-saving reasons, are manufactured using Alcoa's Endur-Al aluminium sheet. Endur-Al is 52 percent harder than a standard aluminium alloy of type 5083 H111, and 20 to 30...
Alcoa Wheel & Transportation Products has expanded its range of aluminium wheels for medium-duty commercial vehicles with products designed specifically for the Mercedes-Benz Sprinter, Ford Transit and General Motors 3500 and 4500 models. Unveiled at the recent Association for the Work Truck...
Technavio has announced the top five leading vendors in their recent Brazilian mining industry outlook 2015-2019. Out of the top five vendors, three hail from the aluminium value chain, that is, they either have operations in bauxite mining or run integrated facilities including alumina refinery....
Lightweight metals leader Alcoa has been awarded a five-year contract from the U.S. Army worth up to $50 million for R&D projects focused on developing innovative, lightweighting solutions for ground combat vehicles. The U.S. Army Tank Automotive Research, Development and Engineering Center...
Alcoa Wheel Products added to its Ultra One family of lightweight aluminium truck wheels with three new sizes here at the 2016 Technology & Maintenance (TMC) annual meeting: • A 24.5-in. by 8.25-in. wheel that weighs 51 lbs., 3 lbs. less than its predecessor • A 22.5-in. by 14-in. wheel that weighs...
For the fifth consecutive year, lightweight metals engineering and manufacturing leader Alcoa has been named the most admired metals company by Fortune magazine in its annual ranking on corporate reputation. Alcoa has been on Fortune’s Most Admired List since the publication began the annual...
The Victorian Greens have called on aluminium producer Alcoa to publicly declare if the Portland smelter, in the state's west, can remain viable without a state subsidy. A 20-year power deal, providing the company with subsidised electricity at a price linked to the London Metal Exchange, is due to...
Alcoa is keeping alive the dream of a billion-dollar expansion of its Wagerup alumina refinery in the South West after asking the State Government for more time to hold on to the all-important environmental approval. Alcoa of Australia managing director Michael Parker said the process to seek a...
Some of the world’s biggest miners are believed to be positioning themselves for transformational takeover deals, with speculation mounting that Rio Tinto could be circling Alcoa’s $5 billion alumina business and that the coal giant Glencore is poised to buy the struggling Western Australia miner...
Noranda Aluminum Holding Corp, which smelts and refines aluminum and mines bauxite, filed for bankruptcy on Monday and joined a growing list of commodity-related businesses in Chapter 11. Over the past year scores of commodity-related businesses have filed for bankruptcy as prices for metals,...
Alcoa’s workforce is celebrating an historic milestone after achieving one billion tonnes of bauxite mined, following 53 years of operation in Western Australia. President Alcoa Mining Garret Dixon saluted the hard work and tireless efforts of past and present employees who have worked across its...
Although other base metals made new lows in January, aluminium prices held steady. The aluminium MMI fell only one point to 71. What didn’t fare well in January was Alcoa‘s stock price, which fell sharply to its lowest level since March 2009. Lower aluminium prices where the main cause driving the...
The US government has granted aid to workers at Alcoa's Intalco aluminium smelter in Washington state, after they complained that Chinese dumping threatened their jobs, according to a federal ruling. The US Department of Labour (DOL) granted Trade Adjustment Assistance to the 500 workers at the 279...
Carter County Tomorrow will obtain an option on the Matheson property on U.S. Highway 19E, where an aluminium extrusion plant once operated. It includes 22 acres on the building site and an adjoining 10 to 12 acres of undeveloped land. The option guarantees an asking price of $4,069,000 for the...
