First Alumina Sets Sail for Ma’aden Alcoa Joint Venture’s Fully Integrated Aluminum Manufacturing Complex in Saudi Arabia

  First Alumina Sets Sail for Ma’aden Alcoa Joint Venture’s Fully Integrated
  Aluminum Manufacturing Complex in Saudi Arabia

Business Wire

NEW YORK & PERTH, Australia -- October 30, 2012

The first shipment of alumina, the feedstock for the Middle East’s first fully
integrated aluminum manufacturing complex, at Ras Al Khair in the Eastern
Province of the Kingdom of Saudi Arabia, has departed Alcoa’s (NYSE:AA)
Bunbury Port facility in Western Australia.

The shipment of around 47,000 tonnes of alumina marks the latest milestone in
the Ma’aden Alcoa aluminum joint venture’s establishment of the world’s
largest and lowest-cost integrated aluminum complex. The $US10.8 billion
project comprises a bauxite mine inland at Al-Baitha and, at Ras Al Khair on
the east coast, an alumina refinery, aluminum smelter and rolling mill. The
smelter and rolling mill will begin production in 2013 with the mine and
refinery following in 2014.

Alcoa will supply the joint venture’s smelter with alumina until the dedicated
local mine and refinery come on stream.

Ken Wisnoski, President of Alcoa Global Primary Products Growth, said that the
supply of uniformly high quality alumina is essential for efficient operation
of a smelter at any time, but even more so during the critical commissioning
and early operational periods of a new smelter.

“The ability to source alumina that can be relied on for its consistent
quality, shipment after shipment, is a critical advantage to us as we work to
bring this world-class smelter on line in 2013,” said Wisnoski. "It’s
reassuring for us that Alcoa’s Western Australian operations are solidly
behind us in this joint venture. The international team deployed on this
project includes many Australians and it is pleasing to see that contribution
now augmented by the supply of world-class feedstock for the new smelter.”

Alan Cransberg, Managing Director Alcoa of Australia, said that these
shipments are important for both Alcoa’s Australian operations as well as for
Alcoa overall.

”We’re helping build a stronger, lower cost Alcoa. Australian mining and
refining operators are regarded as being amongst the best in the world.
Working collaboratively with their Saudi Arabian counterparts will expand
their experience and capabilities even further. What they learn will have a
direct benefit to Alcoa operations not only in Australia, but worldwide,” said
Cransberg.

First production from the smelter and rolling mill is scheduled for 2013. The
smelter will initially produce 740,000 metric tons of primary metal. The
rolling mill will initially produce 380,000 metric tons of food grade can
sheet and auto sheet. Both smelter and rolling mill are designed for
significant expansion.

About Alcoa

Alcoa is the world’s leading producer of primary and fabricated aluminum, as
well as the world’s largest miner of bauxite and refiner of alumina. In
addition to inventing the modern-day aluminum industry, Alcoa innovation has
been behind major milestones in the aerospace, automotive, packaging, building
and construction, commercial transportation, consumer electronics and
industrial markets over the past 120 years. Among the solutions Alcoa markets
are flat-rolled products, hard alloy extrusions, and forgings, as well as
Alcoa® wheels, fastening systems, precision and investment castings, and
building systems in addition to its expertise in other light metals such as
titanium and nickel-based super alloys. Sustainability is an integral part of
Alcoa’s operating practices and the product design and engineering it provides
to customers. Alcoa has been a member of the Dow Jones Sustainability Index
for 11 consecutive years and approximately 75 percent of all of the aluminum
ever produced since 1888 is still in active use today. Alcoa employs
approximately 61,000 people in 31 countries across the world. More information
can be found at www.alcoa.com.

Contact:

Investor Contact
Kelly Pasterick, 212-836-2674
or
Media Contact
Libby Archell, 212-836-2719
 
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