Metals and Mining
Company Overview of Alcoa of Australia Limited
Alcoa of Australia Limited, doing business as Alcoa World Alumina Australia, provides bauxite mining, alumina refining, and aluminum smelting system and support solutions. Its activities include producing alumina and primary aluminum products; operating Portland aluminum smelter and a coal mine and power station; and producing rolled aluminum products. The company also engages in distributing aluminum truck wheels; manufacturing and distributing fasteners; beef breeding and production; and operating a nursery for seeds and plants for rehabilitation of the residue rehabilitation areas. The company serves aerospace, automotive, packaging, building and construction, commercial transportation, c...
Centre Davy and Marmion Streets
Booragoon, WA 6154
Founded in 1961
Key Executives for Alcoa of Australia Limited
Chairman and Managing Director
Acting Executive Director of Finance & Business Services
Chief Executive Officer of Alcoa Inc and President of Alcoa Inc
President of Global Mining -Alcoa Global Mining
Compensation as of Fiscal Year 2014.
Alcoa of Australia Limited Key Developments
Alcoa of Australia Limited Secures Long Term Energy Supply
Apr 10 15
Alumina Limited announced that Alcoa of Australia Limited has secured further long term energy supply for its Australian alumina refineries. This gas supply agreement secures the low cost position of AWAC's1 Australian alumina refining business. This agreement brings to almost 75% the amount of gas now secured by Alcoa of Australia to replace existing gas supply agreements which expire at the end of this decade. The impact of the gas supply agreement on AWAC's alumina production costs will not be material relative to the costs actually incurred in 2014. Alumina Limited believes this is an important initiative that secures AWAC's leading global position in alumina refining. The agreement is conditional on a consortium comprising Brookfield Asset Management Inc. and Macquarie Capital Group Limited completing the acquisition of Apache Energy Limited's Western Australian oil and gas assets in the Carnarvon Basin from Apache Corporation. As part of the gas supply arrangements, Alcoa of Australia will make a prepayment against contracted supply of $500 million. The prepayment will be payable by two installments. The first installment of $300 million is due on closing of the Apache asset sale, expected to be in May 2015. The second installment of $200 million is due in 2016.
Alcoa of Australia Limited Announces Earnings Results for the Year Ended December 31, 2013
Apr 5 14
Alcoa of Australia Limited announced earnings results for the year ended December 31, 2013. For the year, the company reported net profit of $259.5 million, compared with $139.7 million in 2012. Sales revenue was up $411.6 million to $3.7 billion.
Alcoa to Close Point Henry Aluminum Smelter and Rolling Mills in Australia
Feb 17 14
Alcoa announced it will permanently close its Point Henry aluminum smelter and two rolling mills in Australia. The smelter and an adjacent rolling mill are located in Geelong, Victoria. The second mill and a recycling facility are located in Yennora, New South Wales. The smelter will close in August 2014 and the rolling mills by the end of 2014. The Portland Aluminum smelter in Victoria will continue normal operations, as will Alcoa of Australia's bauxite mining and alumina refining operations in Western Australia. Total 2014 restructuring-related charges associated with the closures outlined above are expected to be between $250 million and $270 million after-tax and non-controlling interest. The closures will reduce Alcoa's global smelting capacity by 190,000 metric tons and reduce Alcoa's can sheet capacity by 200,000 metric tons. Including the closure of the Point Henry smelter, Alcoa has announced closures or curtailments representing 551,000 metric tons of smelting capacity, exceeding the 460,000 metric tons placed under review in May 2013. Once the Point Henry closure is complete, Alcoa will have total smelting operating capacity of approximately 3,760,000 metric tons, with approximately 655,000 metric tons, or 17%, of high cost capacity offline.
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