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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Bernd Schäfer, Alcoa Global Rolled Products´ Commercial Vice President for Commercial Transportation and Industrial has been appointed new Chairman of the Aluminium Semis Division within the GDA - German Aluminium Association, Düsseldorf. He replaces Mr. Friedrich W. Brökelmann, who was for nine...
Lightweight metals leader Alcoa today announced that it plans to curtail 443,000 metric tons per year (mtpy) of alumina refining capacity at Suralco in Suriname. In addition, the Company and the Government of Suriname have agreed to pursue a transaction for a Government-owned entity to acquire the...
Optimism that a recovery in profits at Rio Tinto Group’s aluminium division will counter a slump in iron-ore prices and underpin increased investor returns looks misplaced. When the world’s second-largest mining company reported a 9% dip in underlying profit last month, CEO Sam Walsh touted a...
Lightweight, high-performance metals leader Alcoa is announcing another major milestone in its transformation, further building its value-add portfolio for profitable growth. The Company has signed a definitive agreement to acquire RTI International Metals, Inc., a global supplier of titanium and...
While Alcoa is busy reviewing its upstream portfolio to cut back costs and production through sale or closure, Alumina Limited says that the Portland aluminium smelter in New Zealand is safe from scrutiny. The Portland plant, which is a joint venture between Alcoa, Alumina Limited, China’s Citic...
Lightweight metals leader Alcoa today announced that it is continuing to aggressively transform its upstream portfolio to create a lower cost, globally competitive commodity business. The Company said over the next twelve months it will review 500,000 metric tons of smelting capacity and 2.8...
Alcoa today welcomed the announcement of a new gas supply agreement with Santos. Commencing in 2018, the five-year agreement to supply natural gas to Alcoa’s Western Australian alumina refineries will meet 18 per cent of Alcoa’s WA gas requirements. “We hope this agreement will lead to other gas...
It is stylish, strong, lightweight, non-corrosive and shines brilliantly in daylight; all reasons why nine artists used aluminium in their Sculpture by the Sea artworks this year. 2015 marks the 11th year founding partner Alcoa of Australia has lent its support to the iconic sculpture showcase...
Lightweight metals leader Alcoa today announced that José Aurélio Drummond will join the Company as President of Latin America effective March 9, 2015. Mr. Drummond, 50, will lead Alcoa’s Latin America region, supporting the Company’s transformation strategy through which Alcoa is growing its...
Lightweight, high-performance metals leader Alcoa today announced that it has completed the acquisition of privately held TITAL. Alcoa closed the transaction, which was announced on December 15, 2014, after receiving all of the required global regulatory approvals. TITAL is a leading manufacturer...
Alcoa's Australian assets have faced higher energy costs since the carbon tax was repealed, in revelations that challenge one of the primary criticisms of the controversial scheme. The higher energy costs were revealed on Thursday by Alcoa's local joint venture partner, Alumina Limited, which said...
Alumina Limited has broken a three-year dividend drought after posting a slightly better than expected underlying profit of $US91.1 million ($117 million). Shareholders in the company, which operates a joint venture with American aluminium giant Alcoa, have not been rewarded for their patience...
Alcoa has once again been named the most admired metals company in the world by Fortune magazine. This is the fourth year in a row that Alcoa has been awarded the top position in the Metals category in the magazine's annual ranking on corporate reputation. Alcoa has been on Fortune's Most Admired...
The Commonwealth Center for Advanced Manufacturing (CCAM) today announced that Alcoa, the global leader in lightweight metals technology, engineering and manufacturing, will join the research consortium that brings together world-class businesses, Virginia's top universities, and the NASA Langley...
Alcoa announced today that Chairman and Chief Executive Officer Klaus Kleinfeld will present at the BMO Capital Markets 24th Global Metals & Mining Conference in Hollywood, Florida, on Monday, February 23, at 9:30 a.m. EST. Mr. Kleinfeld will discuss Alcoa's transformation strategy which...
The Alcoa alumina refinery in San Ciprian (Lugo, Spain) today officially transitioned from fuel oil to natural gas following the completion of a new gas pipeline. The US$25 million investment to convert the refinery to natural gas is consistent with the Company’s strategy to create a lower cost,...
Alcoa seeks tax break extensions for the last two Alcoa plants remaining in Washington, one in Ferndale and Wenatchee, which employ a total number of 1,100 people. The number of aluminium smelters and the number of people employed in them have dropped drastically since 1980 when there were 10...
The environmental guardians of Victoria are up for a challenge with a massive rehabilitation project for the defunct Point Henry smelter looming close which will test their ability to deal with the daunting task. The Environment Protection Authority has faced a lot of flack lately as the current...
