Tag: Alcoa
ASX-listed Alcoa to sell 25.1% stake in Ma’aden JV for $1.1B
Alcoa announced today it has agreed to sell its 25.1 per cent stake in the Ma’aden Joint Venture to Saudi Arabian Mining Company (Ma’aden) for approximately $1.1 billion.
Alcoa expands reach with Alumina acquisition
Alcoa Corporation announced the completion of its acquisition of Alumina Limited, a move that enhances Alcoa’s position in the global aluminium industry.
Alcoa updates terms of Alumina Limited acquisition
Alcoa Corp announced today it has revised its acquisition agreement with Alumina Limited through a Deed of Amendment and Restatement of the Scheme Implementation Deed initially unveiled on 1 March 2024.
Alcoa reports Q4 2023 earnings with focus on cost reduction, production curtailment
In the wake of Alcoa Corp's fourth-quarter 2023 earnings release, ASX-listed Alumina Limited has highlighted key developments in the AWAC joint venture and underscores the company's commitment to navigating the challenging market conditions.
Alcoa to curtail Kwinana refinery, to axe over 1,000 jobs
Global aluminium producer Alcoa has announced its decision to curtail production at its Kwinana Alumina Refinery in Western Australia in the second quarter of 2024.
Alcoa inks nine-year deal to supply 300MW electricity to Portland Aluminium
Aluminium giant Alcoa of Australia announced a new agreement with AGL Energy Limited (AGL) to deliver 300 megawatts of power supply to Portland Aluminium Smelter in Victoria in a push to support its future operations.
Alcoa’s Portland Aluminium JV achieves ASI certification for ESG performance
Alcoa’s Portland Aluminium joint venture in Victoria has received its certification from the Aluminium Stewardship Initiative (ASI) for its environmental, social, and governance performance.
Alcoa reports $231m net loss as production, shipments decline in Q1
Australian mining firm Alumina Limited announced Alcoa Corporation’s Q1 earnings results, revealing a loss of $231 million, which is a significant contrast to the profit the company recorded in the same period a year earlier, owing to a decrease in shipments and production.
Aurora Labs to support commercialisation strategy after SPP completion
Metal additive manufacturing company Aurora Labs announced that its Share Purchase Plan (SPP) closed on 7 March 2023 with funds totalling $499,500 to ramp up the design and build of its high-powered laser printer, among other plans.
Alcoa to move on with testing steam recycling technique to cut emissions
Aluminium giant Alcoa will proceed with a trial of a steam recycling technology aimed at reducing emissions at its West Australian Wagerup facility after an Australian Renewable Energy Agency-backed study found the technology to be not only feasible but also less expensive.
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Building resilience as manufacturing requirements become more complex
The industrial machinery and heavy equipment manufacturing sector is critical not only for its direct outputs, machines, and equipment that pave the way for construction, agriculture and manufacturing but also for its crucial role in economic development and innovation.
