Alcoa inks binding deal to acquire Australia's Alumina
Mar 11, 2024 11:54pm. By Rhiannon Hoyle. Alcoa said it has agreed to acquire Alumina in a deal that values the Australian company's equity at roughly $2.2 billion, concluding …
Stock Information
Alcoa Completes Acquisition of Alumina Limited. On August 1, 2024, Alcoa Corporation completed its acquisition of Alumina Limited (Alumina). ... which allows Alumina Limited shareholders to trade Alcoa common stock via CDIs on the Australian Stock Exchange ("ASX"). Alcoa has established a secondary listing on the ASX with the …
A Roadmap for Decarbonising Australian …
All Australian alumina refiners recognise the need to reduce their emissions and are making substantial headway to address Australia's climate challenge. At the core of the Roadmap are four key themes for …
Alcoa Announces Agreement With Alumina Limited on …
Alumina Limited's largest holder, Allan Gray Australia, has entered into an agreement with Alcoa which gives Alcoa the right to acquire up to 19.9% of Alumina …
Alcoa Enters into Binding Agreement to Acquire Alumina …
PITTSBURGH, March 11, 2024--Alcoa (NYSE: AA or "Alcoa") today announced that it has entered into a binding Scheme Implementation Deed (the "Agreement") with Alumina Limited (ASX: AWC), under which ...
Alcoa Announces Agreement With Alumina Limited on …
Alumina Limited's largest holder, Allan Gray Australia, has entered into an agreement with Alcoa that gives Alcoa the right to acquire up to 19.9 percent of Alumina Limited at the Agreed Price 0 ...
Australian Aluminium Pathways | FACT SHEET #3 Alumina
Alumina 14.9 Mt CO₂-e | 40% 4.0 3.0 2.0 1.0 0.0 0 25 50 75 100 CO₂/t of Alumina Global Australia Cumulative Alumina Production % Australian Aluminium Council September 2021 Level 1, 18 National Circuit, The Realm Barton ACT 2600 General Enquiries: 02 6267 1800 Primary aluminium is made from an ore called bauxite, which is refined
Alcoa to mothball Western Australia alumina refinery, up to …
Jan 9 (Reuters) - U.S. aluminum producer Alcoa, opens new tab said on Tuesday it planned to stop production in 2024 at its loss-making Kwinana Alumina Refinery in Western Australia because of ...
Optimization of iron ore blending based on replacing Australian …
Mauritanian iron ore powder (OM) has advantages of high iron grade, low aluminum content, and low loss on ignition, which can be used as a new mineral to replace low alumina limonite that has been exhausted in Australia. However, it will have a certain negative impact on sintering because of its high SiO2 content. The mechanism of SiO2 …
Alcoa lifts force majeure on Western Australian alumina …
Alcoa has a 60% interest in the JV and Alumina Ltd. a 40%. The Kwinana facility has a nameplate capacity of nearly 2.2 million mt/year, of which 85% is smelter-grade alumina and the balance non-metallurgical alumina. Platts, part of S&P Global Commodity Insights, assessed benchmark Australian alumina down $2/mt day on day …
Alcoa Agrees to Acquire Australia's Alumina for $2.2 Billion
SYDNEY— Alcoa AA 4.99 % increase; green up pointing triangle moved to cement its position as one of the world's largest bauxite and alumina producers by making a $2.2 billion offer to buy ...
Alcoa bids $2.2 billion for Australian partner to …
US aluminum producer Alcoa Corp. made a $2.2 billion offer to acquire its Australian joint-venture partner Alumina Ltd. to consolidate ownership of key upstream assets with long-term demand …
Worsley Alumina
South32 owns 86 per cent of Worsley Alumina, with 10 per cent held by Japan Alumina Associates (Australia) Pty Ltd and the remaining 4 per cent held by Sojitz Alumina Pty Ltd. Bauxite is mined near the town of …
Alcoa aims to take out Australian partner Alumina in $2.2 …
U.S. aluminium producer Alcoa on Monday made a $2.2 billion all-stock buyout proposal for its Australian joint venture partner Alumina, in a deal that would give it greater upstream …
Australia: alumina production 2023
Australia was the world's second-largest producer of alumina in 2023. That year, Australian alumina production amounted to an estimated 19 million metric tons. Alumina is the common name for ...
Australia's Alumina agrees $2.2 bln all-stock buyout offer
March 12 (Reuters) - Australia's Alumina Limited AWC.AX said on Tuesday it has agreed to be acquired by U.S. aluminium producer Alcoa AA.N for a $2.2 billion all-stock buyout offer.
Alcoa announces curtailment of Kwinana Alumina Refinery …
Alcoa Corporation (NYSE: AA) today announced it plans to fully curtail production in 2024 at its Kwinana Alumina Refinery in Western Australia, with the process beginning in the second quarter. The Kwinana refinery has an annual nameplate production capacity of 2.2 million metric tons. The refinery has been operating at approximately 80 …
Value of Australian Mineral Exports | Australia
Bauxite in 2019, for example, was worth $40/t whereas alumina was worth $478/t (Table 11). This is a 12-fold increase on the price of bauxite; bearing in mind it takes two-to-three tonnes of bauxite to make one tonne of alumina. Further, it takes two tonnes of alumina to make one tonne of aluminium metal which was worth $2,699/t in 2019 (Table 11).
AWC News, Analysis, Announcements & Results | Alumina Limited …
The latest Alumina Limited [AWC] news, articles, data and analysis from The Australian Financial Review
Alcoa inks binding deal to acquire Australia's Alumina for …
Alcoa said it has agreed to acquire Alumina in a deal that values the Australian company's equity at roughly $2.2 billion, concluding weeks of talks over a offer that will help to cement the U.S ...
UPDATE 2-US aluminium maker Alcoa makes $2.2 bln offer for Australia…
Allan Gray Australia holds just under 20% of Alumina's stock which it has agreed to sell to Alcoa, the parties said in a joint statement. Under the deal, Alumina shareholders would receive 0.02854 ...
The Australian Aluminium Council
Rio Tinto Brief on Decarbonising Australian Alumina Refineries . Aluminium has a vital role to play in the transition to a low-carbon economy — as a lightweight metal in vehicles, and to upgrade energy grids and …
Rio Tinto Declares Force Majeure on Australian Alumina …
Rio Tinto Group has declared force majeure on alumina cargoes from its refineries in Queensland, Australia, due to shortages of gas to power its operations, according to people familiar with the matter.. The company notified clients on Monday, the people said, asking not to be identified discussing private information. Rio produces …
Alcoa Completes Acquisition of Alumina Limited
Alcoa completed the acquisition of all ordinary shares of Alumina, through a wholly owned subsidiary, AAC Investments Australia 2 Pty Ltd. Under the all-scrip, or …
Alcoa bids $2.2 billion for Australian partner to control assets
The offer marks a premium of about 13% to Alumina's closing share price on Friday. The Australian company's board plans to support the deal, under which Alumina shareholders will receive Alcoa ...
AWC News, Analysis, Announcements & Results | Alumina …
The latest Alumina Limited [AWC] news, articles, data and analysis from The Australian Financial Review
Alcoa Announces Update on Acquisition of Alumina Limited
Alcoa and Alumina enter into Amended Scheme of Implementation Deed Allan Gray Australia reiterates support of the Transaction Transaction remains on …
Alcoa Agrees to Acquire Australia's Alumina for $2.2 Billion
SYDNEY—Alcoa moved to cement its position as one of the world's largest bauxite and alumina producers by making a $2.2 billion offer to buy Australia's Alumina, its joint-venture partner in ...
FACT SHEET #3 Alumina
/t of Alumina Global Australia Cumulative Alumina Production % It takes 4-6 tonnes of bauxite (depending on the grade) to make ~2 tonnes of alumina, which then makes 1 tonne of aluminium. Australia is the world's second largest producer and largest exporter of alumina. We produce more than 20Mt of alumina a year, about 85% of which is
Alcoa Stock Slides After $2.2 Billion Takeover Offer for Alumina…
Alcoa shares lost ground in premarket trading Monday after the aluminum producer announced a $2.2 billion all-stock offer to buy joint-venture partner Alumina. Monitor these key chart levels.